Baluchistan Wheels Limited (BWHL) reported earnings per share of PKR 23.67 for FY25, compared to PKR 18.05 in FY24. Furthermore, in 4QFY25, the company reported earnings per share of PKR 8.28, compared to earnings per share of PKR 5.80 in the same period last year (SPLY).
The company highlighted that it has no contribution in EV sales, as alloy wheels are used in that segment whereas it exclusively manufactures steel wheels. Management further added that, at present, they have no plans to enter the alloy wheel market. Currently, 99% of sales are generated through OEMs, with negligible volumes in the replacement market. Regarding Belarus tractors, management clarified that these are imported in CKD form and therefore provide no additional contribution to the company’s sales.
They also highlighted that Belarus tractors are unlikely to pose a significant threat, given that only about 1,000 units are imported annually. For the tractor segment, the company expects industry sales to fall in the range of 30,000–35,000 units. However, they emphasized that after fully assessing the impact of recent floods, they would be in a better position to provide a more precise outlook. In FY25, the company’s total sales stood at 281,703 units in the car segment, 33,324 units in trucks, and 35,616 units in tractors. The truck segment posted strong YoY growth of 71%, while the car segment registered a growth of 41% during the year.
Important Disclosures
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