Indus Motor Company Limited profits rise by 13.58 percent to Rs. 11.635 billion

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.

Comparison of Key Financials

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.

Posted on: 2018-04-27T11:22:00+05:00