Atlas Honda Bikes Profit Rises by Massive 75% in 9 Months

Atlas Honda Limited (PSX: ATLH) has announced Rs. 10.6 billion profit for the 9 months that ended December 31, 2024, depicting a 75 percent increase from Rs. 6 billion in the same period last year. This translated into Earnings per Share (EPS) of Rs. 85.84 against an EPS of Rs. 49.01 for the corresponding period of last year. During the 9 months ended December 31, 2024, the Company achieved net sales of Rs. 146.8 billion, an increase of 27 percent as compared to last year. Resultantly, gross profit increased from Rs. 7.8 billion to Rs. 14 billion, up by 79 percent as a result of higher sales volume, better sales mix and stable exchange rates. Sales and marketing expenses rose to Rs. 2.8 billion, an increase of 22.5 percent, attributable to promotional activities and general inflation. Administrative expenses rose by 24 percent to Rs. 799.7 million mainly due to inflation and CSR initiatives. Other income, net of other operating expenses and financial charges, contributed Rs. 7.37 billion to the bottom line, 18 percent higher than the comparative period. This was on account of efficient treasury operations. The above factors supported the Company in achieving a 9-month profit before tax of Rs. 16.7 billion, up by 68 percent. At the time of filing, the company’s scrip at the bourse was Rs. 873.29, up by Rs. 79.39 with a turnover of 63,379 shares on Thursday.