Indus Motors Ltd (INDU) ne 2QFY24 mein PKR1.74bn (EPS: PKR22.15) ka profit report kiya hai, jo 46% QoQ mein kam hua lekin 31% YoY mein barh gaya. 1HFY24 mein NPAT PKR 4.96bn (EPS: PKR 63.07) tak pohanch gaya. Company ne ek interim DPS of PKR13.20 bhi announce kiya he.
KEY HIGHLIGHTS 2QFY24:
01 – INDU ka net revenue PKR18.2bn tha, 44% QoQ aur 63% YoY mein kami. Analysis mein decrease ki wajah se decline hua, lekin revenue estimation PKR16.0bn se zyada gaya, shayad trading segment mein behtar se behtar sales ki wajah se.
02 – Gross margins 7.8% tak decline hue, 2.3ppt QoQ mein kami, lekin -1.0% se pehle se behtar. Margin mein giravat ko Yaris ki best sale aur competing price cuts ne affect kiya.
03 – Doosri income 2QFY24 mein PKR2.5bn tak pohanchi, 12% YoY mein kami lekin 28% QoQ mein barh gayi.
04 – Distribution expenses tezi se barh gayi, despite lower volumes, aur effective tax rate 28% tha, 31% SPLY ke muqable mein.
Results show karte hain ke INDU demand challenges aur kam margins se guzar raha hai. Lekin agle mahine mein sales mein behtri hone ki ummed hai.
Indus Motors, January 2024 mein further sales ko appreciate kar rahe hain, jise Corolla Cross ke launch ne chaar guna barha diya hai.
Mazeed, ane wale gehoon (wheat) ka mosam aur company ke zyada exposure ke sath rural sales, INDU ko recent future mein zyada sales se faida uthane ka imkaan hai.
Margins mein slight increase ki umeed hai, khaaskar ke zyada Corolla Cross sales ke sath.
