Karachi, April 21, 2025 – Sazgar Engineering Works Limited has reported a staggering 192% increase in after-tax profit for the nine-month period ending March 31, 2025, compared to the same period in the previous fiscal year.
The company disclosed its financial results in a statement submitted to the Pakistan Stock Exchange (PSX) on Monday.
According to the announcement, Sazgar achieved a remarkable after-tax profit of Rs13 billion from July 2024 to March 2025, as opposed to Rs4.45 billion during the corresponding months of fiscal year 2023-24. This significant growth underscores Sazgar’s strong operational performance and improved market positioning, particularly in the growing automobile sector of Pakistan.
The company’s earnings per share (EPS) soared to Rs212.67 for the nine-month period, more than doubling from Rs73.59 recorded in the same period last year. In its board meeting held on April 19, 2025, Sazgar’s directors approved an interim cash dividend of Rs12 per share (120%) for the quarter ending March 31, 2025. This is in addition to the previously disbursed Rs20 per share (200%) interim dividend, further reflecting the company’s robust financial health.
During the third quarter (January to March 2025), Sazgar posted a quarterly profit of Rs6.23 billion, significantly up from Rs3.04 billion in the same quarter of the previous year. For the quarter, EPS also more than doubled to Rs103.08 from Rs50.20.
Analysts at Topline Securities had earlier forecasted strong profitability for Sazgar, citing a substantial rise in 4-wheeler sales, which are estimated to have reached 3,686 units in Q3FY25 — a 95% year-on-year and 112% quarter-on-quarter increase. The surge in sales was largely attributed to high demand in January 2025, when Pakistani consumers typically prefer vehicle deliveries with the new year’s registration.
Sazgar’s future outlook appears promising, especially with the anticipated global launch of the Haval H6 GT PHEV in October and a local release expected by year-end. This new offering is likely to enhance Sazgar’s product lineup and contribute positively to future earnings and market share.
Overall, Sazgar’s remarkable performance in 9MFY25 reaffirms its position as a key player in Pakistan’s automotive industry.