Honda Atlas Cars Reports 117% Profit Surge Amid Strong Sales Growth in Pakistan, driven by increased vehicle sales and strong demand in the Pakistani automotive market. The company announced a PAT (Profit After Tax) of Rs. 2.227 billion for 9MMY26, more than double last year’s results. This profit increase reflects Honda Atlas Cars’ efficient operations and growing consumer preference for its vehicles.
In 3QMY26, net sales reached Rs. 33.1 billion, marking an 86% YoY growth and 30% QoQ growth. Vehicle sales volume rose by 92% YoY to 7,159 units, showing robust market performance. Despite a slight decline in gross margins to 7.55%, the company maintained strong earnings per share (EPS) of Rs. 4.59 for the quarter. Analysts had expected slightly higher margins, but flattish margins on a quarter-on-quarter basis ensured stable financial results.
Operational costs also increased, with distribution expenses rising 3.1 times YoY and administrative expenses climbing 27%. Other income surged 97% YoY, supporting overall profitability. The effective tax rate stood at 41.2% for 9MMY26, slightly lower than last year, which positively impacted the net profit. Honda Atlas Cars is currently trading at a P/E ratio of 8.5x for MY26E, reflecting investor confidence in its financial performance.
This record profit growth highlights Honda Atlas Cars’ strong position in the Pakistan car market. With continued revenue growth and efficient cost management, the company is poised to maintain profitability and expand market share. Financial results of Honda Atlas for 9MMY26 indicate that both domestic sales and operational strategies contributed to this significant profit surge.
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Honda Atlas Cars reports 117% profit surge in Pakistan, boosted by strong sales, PAT growth, and rising vehicle sales volume.
