Indus Motor Company Limited (INDU) today announced financial results for the nine months period ending 31 March, 2018 reporting Sales at Rs. 100.187 billion; up 18.79 percent from same period last year. Furthermore, the company’s Gross Profit rose to Rs. 17.578 billion from Rs. 15.207 billion last year during the outgoing nine months.
On the expenses front, INDU reported 7.77 percent increase in Distribution Expenses, 45 percent increase in Administrative Expenses, whereas, Other Operating Expenses incurred by the company went down 20.93 percent during the period.
Furthermore, INDU also reported a 6.16 percent increase in Other Income reaching Rs. 2.679 billion during the nine months.
Indus Motor Company Limited reported profit after taxation at Rs. 11.635 billion against Rs. 10.244 billion during the same period last year translating into an EPS of Rs. 148.04 vs. an EPS of Rs. 130.34 during the nine months ending March, 2017.
The company declared an interim cash dividend for the quarter ended 31 March, 2018 at Rs. 32.50 per share i.e. 325 percent.
Unconsolidated Profit and Loss Account – For the Nine Months Ended, March 30th 2018 | |||
|---|---|---|---|
Key Financials | March, 2018 | March, 2017 | % Change |
Amounts in PKR’ 000 | |||
Net Sales | 100,187,521 | 84,343,249 | 18.79% |
Cost of Sales | 82,608,979 | 69,135,511 | 19.49% |
Gross Profit | 17,578,542 | 15,207,738 | 15.59% |
Distribution Expenses | 910,144 | 844,509 | 7.77% |
Administrative Expenses | 1,070,088 | 738,086 | 44.98% |
Other Operating Expenses | 73,569 | 93,046 | -20.93% |
Other Income | 2,679,012 | 2,523,571 | 6.16% |
Finance Cost | 401,824 | 234,150 | 71.61% |
Profit before Taxation | 16,573,596 | 14,729,833 | 12.52% |
Taxation | 4,937,706 | 4,485,490 | 10.08% |
Profit after Taxation | 11,635,890 | 10,244,343 | 13.58% |
EPS – Basic and diluted | 148.04 | 130.34 | 13.58% |
Company release on Earnings Report can be accessed here.
