Indus Motor Company Limited (PSX: INDU) posted a record Profit After Tax (PAT) of Rs. 12.70 billion (EPS: Rs. 161.60) for the first half of FY26, marking a 28% year-on-year (YoY) growth from Rs. 9.96 billion (EPS: Rs. 126.69) in 1HFY25. According to analysts, this is the highest half-yearly profit recorded since 2014, driven by strong vehicle sales and robust volume growth.
Top sellers: Yaris, Corolla, and Corolla Cross 9,094 units.
Fortuner and Hilux 1,580 units.
Gross Margin: 13.1% vs 14.1% in 1QFY26, impacted by higher sales of lower-priced variants.
Other Income: Rs. 5.32 billion, up 43% YoY.
Finance Costs: Rs. 82 million, up from Rs. 38 million YoY.
Effective Tax Rate: 39.3% vs 40% last year.
Dividend and Market Outlook
Cash Dividend 2QFY26: Rs. 46 per share
Cumulative 1HFY26 Dividend: Rs. 97 per share
Analysts at Arif Habib Limited (AHL) maintain a “Buy” recommendation for INDU, citing strong earnings, robust volume growth, and attractive P/E multiples of 6.1x FY26 and 5.8x FY27.
Indus Motor’s record earnings reflect strong demand for mid-range and premium vehicles, particularly Yaris, Corolla, and Corolla Cross. While quarterly margins eased slightly due to lower-priced variants, overall profitability improved thanks to higher sales volumes, efficient cost management, and other income gains.
The company’s outlook remains positive, supported by increasing automotive demand and continued focus on high-volume, popular models.
Experienced Content Writer & Creative Strategist I am an experienced writer passionate about creating engaging, research-driven content across technology, AI, fintech, and cryptocurrency. My goal is to inform, inspire, and connect audiences through impactful storytelling while helping brands build trust and a strong digital presence.