Profit rises 19% as higher gross margins, other income lift earnings; board approves Rs9 cash dividend
KARACHI – Honda Atlas Cars Pakistan Limited reported a 19% rise in annual after-tax profit on Tuesday, supported by stronger gross margins and higher other income, according to a filing with the Pakistan Stock Exchange.
The company posted a profit after tax of Rs3.23 billion for the year ended March 31, 2026, compared with Rs2.71 billion in the previous year.
Earnings per share increased to Rs22.64 from Rs18.97 a year earlier.
The board of directors, in a meeting held on May 19, approved a final cash dividend of Rs9 per share for the year.
Gross profit rose sharply to Rs9.48 billion from Rs6.66 billion, reflecting improved revenue dynamics during the period.
Distribution and marketing expenses increased to Rs1.67 billion from Rs1.13 billion, while administrative expenses rose to Rs2.51 billion from Rs1.89 billion.
Other income surged to Rs2.31 billion compared with Rs990 million a year earlier, providing additional support to profitability.
The company’s income tax expense also climbed significantly to Rs1.85 billion from Rs566 million in the preceding year, reflecting higher taxable income.
The automaker maintained stable operational performance despite rising costs and challenging economic conditions affecting Pakistan’s automobile industry during the fiscal year.