Honda Atlas Cars posts 16% rise in bottom line
MG News | May 22, 2025 at 12:30 PM GMT+05:00
May 22, 2025 (MLN): Honda Atlas Cars (Pakistan) Limited (PSX: HCAR) posted a profit after tax of Rs2.71 billion [EPS: Rs18.97] for the year ended March 31, 2025, up 16.08% from Rs2.33bn [EPS: Rs16.34] reported in the same period last year (SPLY).
The company declared a final cash dividend of Rs8 per share, representing 80%.
This growth in profitability came on the back of a 41.75% surge in revenue, which reached Rs78.07bn compared to Rs55.07bn in SPLY.
Despite a similar 41.21% rise in cost of sales to Rs71.4bn, the company managed to improve its gross profit by 47.82%, clocking in at Rs6.66bn.
However, other income declined sharply by 56.1% to Rs988.73m from Rs2.25bn in SPLY, weighing on overall profitability.
Administrative expenses increased by 27.66% YoY to Rs1.89bn, while distribution and marketing costs rose 23.69% to Rs1.13bn.
On the bright side, finance costs declined 14.54% YoY to Rs1.04bn, aided by better cost management.
The company’s tax expense stood at Rs565.63m, reflecting a 35.09% increase from the previous year’s Rs418.72m.
| Financial Results for the Year Ended March 31, 2025 (Rupees '000') | |||
| Note | Mar-25 | Mar-24 | %Change |
| Revenue from contracts with customers | 78,065,659 | 55,071,323 | 41.75% |
| Cost of sales | (71,401,700) | (50,563,229) | 41.21% |
| Gross profit | 6,663,959 | 4,508,094 | 47.82% |
| Distribution and marketing costs | (1,131,643) | (914,883) | 23.69% |
| Administrative expenses | (1,889,358) | (1,479,952) | 27.66% |
| Other income | 988,734 | 2,252,115 | -56.10% |
| Other expenses | (315,106) | (393,635) | -19.95% |
| Finance cost | (1,041,813) | (1,218,996) | -14.54% |
| Profit before levy and taxation | 3,274,773 | 2,752,743 | 18.96% |
| Levy | (127) | ||
| Profit before taxation | 3,274,773 | 2,752,616 | 18.97% |
| Taxation | (565,632) | (418,721) | 35.09% |
| Profit for the year | 2,709,141 | 2,333,895 | 16.08% |
| Earnings per share - basic and diluted (in Rupees) | 18.97 | 16.34 | 16.10% |
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