ISLAMABAD by IRFAN UL HAQ
Pakistan’s automobile industry witnessed a 16% increase in net profits during the final quarter of the fiscal year 2024, according to financial statements submitted by auto companies to the Pakistan Stock Exchange.
The sector reported a total net profit of PKR 16.89 billion, compared to PKR 14.56 billion in the same quarter of the previous fiscal year. The total revenue of the industry for the quarter stood at PKR 197.73 billion.
Among the top performers:
- Atlas Honda posted a net after-tax profit of PKR 4.80 billion, marking a 38.2% increase compared to PKR 3.47 billion in the same period last year.
- Indus Motors earned PKR 6.45 billion, reflecting a 13.9% rise from PKR 5.66 billion in the corresponding quarter.
- Millat Tractors recorded a profit of PKR 1.32 billion, while Sazgar Engineering Works earned PKR 3.48 billion.
The report indicates significant growth in the auto sector, with car sales rising sharply in the first two months of fiscal year 2025.
According to the Pakistan Automotive Manufacturers Association (PAMA):
- 301,498 vehicle units were sold in July–August FY25, a 43% increase compared to 211,252 units sold in the same period last year.
- August 2025 saw sales of 163,775 units, up 19% from July’s 137,699 units, and a 41% increase over August 2024, which recorded 115,903 units.
Company-wise year-on-year sales growth (first two months of FY25) includes:
- Indus Motors: 78% increase
- Pak Suzuki Motors: 33% increase
- Honda Atlas Cars: 24% increase
- Sazgar Engineering Works: 20% increase
The steady rise in both profitability and vehicle sales signals a strong recovery and upward momentum in Pakistan’s automobile sector, driven by improved demand and market stability.
