Ghandhara Automobiles Limited recorded consolidated earnings per share of PKR 71.85 in FY25, as compared to earnings per share of PKR 6.40 in FY24. The company recorded net sales of PKR 34.5 Bn, up 267% from PKR 9.4 Bn in FY24. Along with this, it saw its gross margin expand from 12% in FY24 to 18% in FY25.
As a result, gross profit rose 461% from PKR 1.1 Bn in FY24 to PKR 6.4 Bn in FY25. GAL posted profit after tax of PKR 4.1 Bn in FY25, compared to PKR 365 Mn in FY24. In 1QFY26, the company saw its gross margin contract to 18% from 19% in SPLY. Profit after tax for the period surged to PKR 1.7 Bn during the period compared to PKR 601 Mn in 1QFY25.
Management apprised that sales for the JAC T9 were reopened on October 9th with the current estimated delivery time being 2 months. The response for the 4×2 variant has been encouraging and management expects strong sales to continue. It was revealed that while the sales tax on the 4×4 variant was 25% as compared to 18% for the 4×2 variant, the margins for both variants are similar.
Unit sales for FY25 stood at 2,436 units as compared to 1,234 units in FY24. Moving forward, the management expects strong demand to continue for its products as economic activity picks up and mining activity begins in FY27.
Important Disclosures
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