Honda Atlas Cars (Pakistan) Limited (HCAR) has showcased remarkable financial progress, recording a robust profit of Rs566.4 million for the quarter ending December 31, 2024. This represents an impressive growth of 295% compared to Rs143.3 million reported in the same period last year.
HCAR’s earnings per share (EPS) have also seen a substantial rise, climbing to Rs3.97, compared to Rs1 in the prior year. This exceptional performance is primarily attributed to a 44% increase in sales, which reached Rs17.85 billion, a notable jump from Rs12.43 billion in the corresponding quarter of the previous year.
Despite a 42% increase in the cost of sales, the company’s gross profit soared by nearly 60%, amounting to Rs1.64 billion. As a result, HCAR’s gross margins improved to 9.2%, up from 8.3% last year, signaling better cost management and operational efficiency.
This outstanding financial performance underscores HCAR’s resilience and strategic ability to balance costs and drive growth, even in a challenging market environment. The company’s ability to deliver improved profitability and margins not only benefits its shareholders but also reaffirms its strong market position.
FAQs:
- What is the key factor behind Honda Atlas’s impressive profit growth?
The primary factor driving the profit growth is a 44% increase in sales, coupled with efficient cost management, resulting in improved gross margins and higher overall profitability. - How much did HCAR’s earnings per share (EPS) grow in the last quarter?
HCAR’s EPS rose significantly to Rs3.97, compared to Rs1 during the same quarter in the previous year.
What was the total revenue generated by Honda Atlas Cars in the last quarter?
Honda Atlas Cars reported a revenue of Rs17.85 billion, showcasing a strong 44% growth compared to the previous year.
