Indus Motor Company Limited’s (INDU) Profits Accelerate in 4QFY25
Indus Motor Company Limited (INDU), the maker of Toyota cars in Pakistan, has announced its financial results for the April–June 2025 quarter (4QFY25). The company reported a profit of PKR 6.5 billion (EPS: 82.1), up 14% from last year. The main reason behind this growth was higher car sales.
Alongside the results, INDU also announced a final cash dividend of PKR 50 per share, taking the full-year payout to PKR 176 per share, great news for shareholders!
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Key highlights of 4Q FY25
- Revenue: PKR 69.6bn, up 28% YoY from PKR 54.2bn.
- Sales Volumes: 11,775 units sold vs. 7,069 units last year → 67% higher.
- Growth mainly driven by strong demand for Yaris facelift and higher IMV sales.
- Gross Margins: 13.3% vs. 14.2% last year.
- Margins fell slightly due to more Yaris sales (lower margins) compared to Corolla Cross.
- Corolla Cross prices also dropped ~3% YoY due to promotions.
- Operating Expenses: Down 29% YoY, thanks to fewer warranty claims & lower promotional spending.
- Other Income: Slightly down (6% YoY) due to lower interest rates.
- Dividend: PKR 50/sh final → full year dividend at PKR 176/sh.
Full-year FY25 performance
- Earnings: PKR 23bn (EPS: 292.7) vs. PKR 15bn (EPS: 191.8) in FY24 → up 53% YoY.
- Sales Revenue: PKR 215bn, up 41% YoY.
- Gross Margins: Improved to 14.5% from 12.7% last year.
What’s next?
Analysts remain positive on INDU due to:
- High localization → less exposed to currency swings.
- First-mover in hybrid vehicles (HEVs) → Corolla Cross HEV is a key advantage.
- Strong nationwide dealership network → supports sales and service growth.
With healthy volumes, strong profits, and steady dividends, INDU continues to reward its investors while keeping an eye on the future of hybrids in Pakistan.
Source: AKD Securities
⚠️ This post reflects the author’s personal opinion and is for informational purposes only. It does not constitute financial advice. Investing involves risk and should be done independently. Read full disclaimer →
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