KIA is set to revolutionize the automotive market in Pakistan with the launch of its electric SUVs, including the highly anticipated high-end EV9 model.

This announcement follows the impressive financial performance of Honda Atlas Cars (Pakistan) Limited (HCAR). For the quarter ending December 31, 2024, HCAR reported a profit of Rs. 566.4 million, a dramatic 295% increase from Rs. 143.3 million in the same quarter the previous year.

Additionally, the company's earnings per share (EPS) saw a significant rise, reaching Rs. 3.97, up from Rs. 1 in the prior year. The substantial profit growth was driven primarily by a 44% increase in sales, totaling Rs. 17.85 billion compared to Rs. 12.43 billion during the same period last year.

Even with a 42% rise in the cost of sales, HCAR's gross profit surged by nearly 60%, amounting to Rs. 1.64 billion. Consequently, the company's gross margins improved to 9.2%, compared to 8.3% in the previous year.

This impressive financial performance showcases HCAR's effective cost management and sales growth amidst challenges. The ability to achieve higher margins and profits reflects the company's strong market position and is a positive signal for its shareholders.
Image by Pak Wheels