August 30, 2022 (MLN): Indus Motor Company Limited (INDU) unveiled its financial results on Tuesday for the year ended June 30, 2022, whereby the company has made net profits of Rs15.80 billion, up by 23.18% YoY when compared to net profits of Rs12.82bn reported in the same period last year (SPLY).
This has translated into earnings per share (EPS) of Rs201.04 compared to the EPS of Rs163.21 recorded in FY21.
This growth may be attributable to the volumetric sales.
During the period under review, the topline of the company witnessed a surge of 53.77% YoY to Rs275.5bn. However, the higher cost of sales dampens the gross margins of the company to 6.68% YoY in FY22 compared to 9.30% in SPLY.
The company posted a 2x YoY rise in other income mainly due to higher interest rates and short-term investments amidst a strong order book, a report by Al Habib Capital Markets noted.
Along with the financial results, the company announced a final cash dividend of Rs3.25 per share, bringing the full-year cash dividend to Rs90 per share.
|
Financial results for the year ended June 30, 2022 ('000 Rupees) |
|||
|---|---|---|---|
|
Jun-22 |
Jun-21 |
% Change |
|
|
Revenue from contracts with customers |
275,505,778 |
179,161,727 |
53.77% |
|
Cost of sales |
(257,101,297) |
(162,508,017) |
58.21% |
|
Gross profit |
18,404,481 |
16,653,710 |
10.51% |
|
Distribution expenses |
(2,124,200) |
(1,618,863) |
31.22% |
|
Administrative expenses |
(2,218,655) |
(1,464,888) |
51.46% |
|
Other operating expenses |
(186,370) |
(76,342) |
144.13% |
|
Workers' Profit Participation Fund and Workers' Welfare Fund |
(1,244,092) |
(740,193) |
68.08% |
|
Other income |
12,935,711 |
5,579,339 |
131.85% |
|
Finance cost |
(114,299) |
(133,570) |
-14.43% |
|
Profit before taxation |
25,452,576 |
18,199,193 |
39.86% |
|
Taxation |
(9,650,728) |
(5,370,601) |
79.70% |
|
Profit after taxation |
15,801,848 |
12,828,592 |
23.18% |
|
Earnings per share – basic and diluted (Rupees) |
201.04 |
163.21 |
23.18% |
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Posted on:2022-08-30T11:47:40+05:00
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