April 28, 2025 (MLN): Indus Motor Company Limited (PSX: INDU) recorded an increase of over 75% in its profitability for the nine-month period ended March 31, 2025, earning a profit after tax of Rs16.55 billion [EPS: Rs210.62] compared to a profit of Rs9.41bn [EPS: Rs119.67] in the same period last year (SPLY).
The company has declared a third interim cash dividend of Rs50 per share (500%), in addition to the combined interim cash dividend of Rs76 per share (760%) already paid.
Going by the financial results, the company's revenue from contracts with customers rose by 48.15% to Rs145.53bn as compared to Rs98.23bn in SPLY.
However, the cost of sales also increased by 42.77% to Rs123.57bn, leading to a significant improvement in gross profit, which surged by 88.06% to Rs21.96bn.
The company’s operating profit witnessed a remarkable growth of 182.54%, standing at Rs17.92bn compared to Rs6.34bn last year.
During the period under review, other income grew by 16.49% to Rs10.97bn.
On the expense side, administrative expenses rose by 35.48% year-on-year (YoY) to Rs2.32bn, while distribution expenses declined by 58.86% YoY to Rs1.47bn.
Other operating expenses jumped by 363.33% YoY to Rs250.11 million.
The company’s finance cost surged by 89.40% and stood at Rs172.97m compared to Rs91.32m in SPLY, mainly due to higher borrowing costs.
On the taxation front, the company paid Rs10.63bn, reflecting an increase of 102.84% from the Rs5.24bn paid during the same period last year.
| Financial Results For The Nine Month Ended March 31, 2025 (Rs '000) | |||
| Particulars | Mar-25 | Mar-24 | %Change |
| Revenue from contracts with customers | 145,531,732 | 98,232,280 | 48.15% |
| Cost of sales | (123,572,242) | (86,555,414) | 42.77% |
| Gross profit | 21,959,490 | 11,676,866 | 88.06% |
| Distribution expense | (1,467,241) | (3,566,214) | -58.86% |
| Administrative expenses | (2,322,284) | (1,714,163) | 35.48% |
| Other operating expenses | (250,110) | (53,981) | 363.33% |
| Total operating expenses | (4,039,635) | (5,334,358) | -24.27% |
| Operating profit | 17,919,855 | 6,342,508 | 182.54% |
| Workers' Profit Participation Fund and Workers' Welfare Fund | (1,493,150) | (711,048) | 109.99% |
| Profit from operations | 16,426,705 | 5,631,460 | 191.70% |
| Other income | 10,974,891 | 9,421,176 | 16.49% |
| Profit before finance cost | 27,401,596 | 15,052,636 | 82.04% |
| Finance cost | (172,966) | (91,324) | 89.40% |
| Profit before taxation & levy | 27,228,630 | 14,961,292 | 81.99% |
| Levy | (45,696) | (315,687) | -85.52% |
| Profit before taxation | 27,182,934 | 14,645,617 | 85.60% |
| Taxation | (10,628,351) | (5,239,717) | 102.84% |
| Profit after taxation | 16,554,582 | 9,406,436 | 75.99% |
| Earnings per share – basic and diluted (Rupees) | 210.62 | 119.67 | 76.00% |
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Posted on: 2025-04-28T09:57:31+05:00
