Honda Atlas Cars (Pakistan) Limited (HCAR) posted an impressive profit of Rs566.4 million for the quarter ending December 31, 2024, marking a massive 295% increase compared to Rs143.3 million in the same quarter last year.
The company’s earnings per share also rose significantly to Rs. 3.97, up from Rs. 1 in the previous year. This sharp rise in profits was mainly due to a 44% increase in sales, which reached Rs17.85 billion compared to Rs. 12.43 billion during the same period last year.
Although the cost of sales also went up by 42%, HCAR’s gross profit jumped nearly 60%, reaching Rs. 1.64 billion. As a result, the company’s gross margins improved to 9.2%, compared to 8.3% in the previous year.
This strong financial performance highlights HCAR’s ability to manage costs and grow its sales despite challenges. The company’s ability to achieve higher margins and profits is a positive sign for its shareholders and reflects its strong position in the market.
