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Honda Atlas Cars (Pakistan) Limited (HCAR) has reported a remarkable 242% year-on-year increase in profits for the first half of the 2025–26 fiscal year, driven by strong sales growth and successful new model launches. The company posted a profit after tax of Rs. 1,571 million (EPS: Rs. 11.00), compared to Rs. 460 million in the same period last year.
The surge comes amid a 59% increase in net sales to Rs. 51,880 million, supported by a 34% rise in total vehicle volumes to 11,818 units, including Civic, City, BR-V, and HR-V models. Quarterly profits also jumped 2.9 times to Rs. 742 million in 2QMY26, bolstered by the launch of the HR-V Hybrid in August and the Honda City 1.5L Aspire S CVT in September.
Gross margins improved to 8.1% from 6.9%, while other income rose 483% to Rs. 495 million, thanks to higher cash balances of Rs. 1.5 billion. Finance costs increased 63% to Rs. 315 million due to additional borrowings, and the effective tax rate fell to 33.9% from 39.6% last year.
Financial Snapshot 1HMY26 vs 1HMY25
| Metric | 1HMY26 | 1HMY25 | YoY Change |
| Profit After Tax | Rs. 1,571M | Rs. 460M | +242% |
| Net Sales | Rs. 51,880M | Rs. 32,567M | +59% |
| Units Sold | 11,818 | 8,803 | +34% |
| Gross Margin | 8.1% | 6.9% | +1.2pp |
| Other Income | Rs. 495M | Rs. 85M | +483% |
| Finance Cost | Rs. 315M | Rs. 193M | +63% |
The strong performance reflects Honda Atlas’ strategic product launches and expanding market share in Pakistan’s automotive sector.
