Indus Motor Company Announces Strong Financial Results for FY2024-25

Indus Motor Company Limited (IMC) revealed its financial performance on Friday for the fiscal year concluding on June 30, 2025, showcasing considerable advancements in sales, revenue, and profitability, coinciding with positive signals of financial market recovery.

IMC reported sales of 33,757 vehicles, marking a 56% surge compared to the preceding year. The introduction of the updated Yaris model in July 2024 spurred an 84% increase in passenger car sales, while the commercial vehicle sector expanded by 32% due to heightened fleet demand.

Net sales revenue reached PKR 215.14 billion, a rise from PKR 152.48 billion in FY 2023–24.

Effective cost control, increased domestic sourcing, and beneficial exchange rate shifts propelled profit before tax to PKR 37.67 billion, a leap from PKR 23.33 billion. Earnings per share grew to PKR 292.74 from PKR 191.76, with net profit after tax escalating to PKR 23.01 billion, compared to PKR 15.07 billion the prior year.

Based on these outcomes, the Board of Directors has declared a final dividend of PKR 50 per share, bringing the total dividend for the 2024-25 fiscal year to PKR 176 per share.

Ali Asghar Jamali, CEO of IMC, remarked on the results, stating, “This year was characterized by measured optimism for Pakistan’s economic landscape and our industry. Despite ongoing obstacles, the broader economic climate displayed signs of stabilization, suggesting the potential for a more robust foundation in the future. Against this backdrop, I am pleased to announce that IMC achieved enhanced performance, driven by product innovation, rebounding demand, and sound financial management.

This achievement underscores the adaptability of our workforce, the dedication of our clientele, and the confidence of our stakeholders.”

The broader automotive sector also demonstrated recovery in FY 2024–25, with sales of passenger cars and light commercial vehicles climbing by 43 percent to almost 148,000 units.

However, the substantial growth in imported used vehicles, estimated between 40,000 and 45,000 units, now constituting approximately one-third of the domestic market compared to less than 10 percent until 2023, presents a significant challenge to local manufacturing and strains the nation’s foreign exchange reserves.

Reiterating its dedication to sustainable progress, IMC emphasized the necessity for consistent and well-considered policies that protect the local industry while ensuring consumer choice. Looking forward, IMC anticipates sustained demand in FY 2025–26, bolstered by reduced interest rates, controlled inflation, and greater acceptance of hybrid and electric vehicles. The company’s key objectives remain focused on delivering superior quality, safety, and value to customers, alongside providing consistent returns to shareholders.