Indus Motor Company Achieves Significant Profit Increase in 9MFY25

Indus Motor Company (IMC) has announced a substantial surge in its financial performance, reporting a profit-after-tax (PAT) of Rs16.55 billion for the initial nine months of the fiscal year 2024-25. This represents a notable 75% increase compared to the corresponding period of the previous year.

The company communicated this progress in a notification to the Pakistan Stock Exchange (PSX) and in a separate public statement issued on Monday.

In the same period last year, the company’s PAT stood at Rs9.41 billion.

The earnings per share (EPS) reached Rs210.62, up from Rs119.67 in the same timeframe last year. Furthermore, IMC declared a third interim cash dividend of Rs50 per share, an increase from Rs34 per share during the corresponding period of the previous year.

Key Performance Indicators

According to the official statement, IMC demonstrated remarkable results during the nine months ending on March 31, 2025. Total sales of completely knocked down (CKD) and completely built units (CBU) grew by 57%, reaching 21,890 units, a significant rise from the 13,922 units sold in the equivalent period last year.

Factors Contributing to Growth

“This growth can be attributed to a recovery in consumer purchasing power and the continued popularity of models such as the Corolla Cross and Toyota Yaris, enhanced by timely feature improvements and model revisions,” the company stated.

Net sales revenue also saw an increase, climbing to Rs145.53 billion from Rs98.23 billion during the same period last year.

“This upswing is a result of higher sales volumes, stable input costs due to a relatively favorable exchange rate, and efficient cost control measures, including increased localisation efforts.”

CEO’s Remarks

Ali Asghar Jamali, CEO of IMC, commented: “Indus Motor Company has shown strong results in the first nine months of FY24-25, driven by lower interest rates, growing consumer optimism, and stable foreign exchange rates. The continuing trend highlights the need for policy adjustments, specifically the streamlining of depreciation allowances on used car imports, to guarantee fair competition for local manufacturers and boost government revenue. IMC is dedicated to innovation, customer satisfaction, and contributing to the sustainable advancement of the nation’s automotive industry.”

He also noted that used car imports still constitute a substantial portion (29%) of the local auto market in terms of value in the current financial year. During this period, imports of used vehicles saw a moderate increase of 6%, totaling 29,590 units, compared to 27,859 units in the same period last year.