ISLAMABAD: Atlas Honda Limited (PSX: ATLH) has recorded an impressive 75% year-on-year (YoY) growth in profit after tax, reaching Rs10.65 billion (EPS: Rs85.84) for the nine months ending December 31, 2024, compared to Rs6.08 billion in the same period last year.
The company’s sales surged by 27.2% to Rs146.86 billion, up from Rs115.42 billion in the previous year, driving strong financial performance.
Key Financial Highlights:
- Gross profit increased 79.1% to Rs14.01 billion (previously Rs7.82 billion), reflecting improved efficiency and sales growth.
- Gross profit margin strengthened despite a 23.5% rise in cost of sales, which stood at Rs132.84 billion (vs. Rs107.59 billion last year).
- Operating expenses rose, with:
- Sales & marketing costs up 22.5% to Rs2.84 billion
- Administrative expenses increasing 24.1% to Rs799.71 million
- Other income grew 18.2% to Rs7.38 billion, helping offset rising expenses.
- Share of profit from an associate saw a 408.4% jump to Rs41.43 million (vs. Rs8.15 million last year).
- Other operating expenses declined 11.7% to Rs662.86 million, supporting profitability.
- Finance costs increased 55.7% to Rs85.88 million, primarily due to higher interest rates.
- Tax expenses rose 57.2% to Rs6.10 billion (vs. Rs3.88 billion last year).
Dividend Announcement
Given the robust financial results, Atlas Honda’s Board of Directors has proposed a dividend payout, reinforcing its commitment to shareholder value and market appeal.
