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KARACHI: Toyota Indus Motor Company (IMC) Limited has reported a significant financial boost, posting a profit of Rs4.87 billion for the second quarter of FY 2024-25. This marks a substantial 179% increase compared to the Rs1.74 billion profit recorded in the same period last year.
In addition to the strong earnings, Toyota Indus Motor has announced an interim cash dividend of Rs37 per share, following the first interim dividend of Rs39 per share (390%).
Despite the profit surge, the company’s net sales dropped by 137% to Rs43.3 billion, compared to Rs18.2 billion in 2QFY24. Moreover, gross margins declined to a record low of 14.1%, down from 7.8% in the previous year’s corresponding quarter.
Toyota Indus Motor paid Rs3.2 billion in taxes during 2QFY25, a sharp rise from Rs598 million in the same quarter last year. Meanwhile, earnings per share (EPS) improved to Rs61.92, significantly higher than the Rs22.15 EPS recorded previously.
At the time of reporting, INDU’s stock closed at Rs2,120, reflecting a decline of Rs28.57 (1.33%) on Friday, with a trading volume of 1,235 shares.
