Indus Motor has achieved a new milestone by posting a record profit of Rs. 23 billion in FY25, reflecting a 53% growth compared to the previous year. This strong financial performance demonstrates the company’s focus on operational efficiencies and cost management, while also highlighting challenges from rising competition, particularly from Chinese SUVs.
Indus Motor (#Toyota Pakistan) FY25 Update!#INDU posted strong FY25 results with #EPS Rs292.7, up 53% YoY. Sales rose 41% to Rs215bn, thanks to 61% higher volumes. Margins also improved to 14.5%, supported by stable currency & better volumes.
— KSEStocks (@ksestocksdotcom) September 19, 2025
Key points:
– Localization at 60%… pic.twitter.com/IjbY3Wq7G4
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Financial Highlights of FY25
| Indicator | FY25 | Notes |
| Profit After Tax | Rs. 23 billion | Record high |
| Growth | 53% | Year-on-year increase |
| Earnings per Share (EPS) | Rs. 292.74 | Improved vs. FY24 |
| Net Sales | Rs. 215.1 billion | Significant revenue growth |
| Gross Profit | Rs. 31.2 billion | Strong increase |
| Pre-tax Profit | Rs. 37.7 billion | Higher profitability |
| Quarterly Profit (Q4) | Rs. 6.4 billion | Slight decline vs. Q3 |
| Gross Margin (Q4) | 13.3% | Down from 16.9% |
| Gross Margin (FY25) | 14.5% | Improved from FY24 |
| Dividend (Final) | Rs. 50 per share | Added to annual payout |
| Dividend (Full-Year) | Rs. 176 | Highest in recent years |
| Customer Advances | Rs. 34 billion | Highest in 2.5 years |
| Other Income | Rs. 14.95 billion | Decline of 6% |
| Effective Tax Rate | 39% | Increased burden |
Product Mix and Market Performance
The company’s sales were driven largely by Corolla, Yaris, and Cross, which made up the bulk of volumes. However, sales of higher-margin Fortuner and Hilux declined, impacting quarterly margins. At the same time, the growing presence of Chinese SUVs in Pakistan created additional pricing pressure for Indus Motor.
Shareholder Returns
Indus Motor declared a final dividend of Rs. 50 per share, bringing the full-year payout to Rs. 176 per share, reflecting strong liquidity and commitment to shareholders. Additionally, customer advances surged to Rs. 34 billion, showing strong booking momentum.
Operational Efficiencies and Challenges
While operational efficiencies and cost management contributed to record profits, the company faced challenges including:
- Margin decline in Q4 (13.3% vs. 16.9% in Q3)
- Increased effective tax rate (39%)
- Other income decline to Rs. 14.95 billion
Despite these pressures, Indus Motor maintained its strong market position and financial stability.
Conclusion
Indus Motor’s record Rs. 23 billion profit in FY25 underlines its resilience and leadership in Pakistan’s auto industry. With strong sales of Corolla, Yaris, and Cross, coupled with improved operational efficiencies, the company has set new benchmarks. However, declining Fortuner and Hilux volumes, along with rising competition from Chinese SUVs, suggest that maintaining high margins will require continued strategic adjustments.
