Indus Motor Company Limited reported earnings results for the third quarter and nine months ended March 31, 2023. For the third quarter, the company reported sales was PKR 48,199.21 million compared to PKR 68,222.74 million a year ago. Net income was PKR 3,216.45 million compared to PKR 5,117.81 million a year ago. Basic earnings per share from continuing operations was PKR 40.92 compared to PKR 65.11 a year ago.
For the nine months, sales was PKR 135,032.74 million compared to PKR 203,407.34 million a year ago. Net income was PKR 5,843.97 million compared to PKR 15,292.5 million a year ago. Basic earnings per share from continuing operations was PKR 74.35 compared to PKR 194.56 a year ago.
Indus Motor Company Limited is a Pakistan-based company, which is engaged in the assembling, progressive manufacturing, and marketing of Toyota vehicles. The Company also acts as the sole distributor of Toyota and Daihatsu vehicles in Pakistan. The Company’s factory is situated at Plot No. NWZ/1/P-1, Port Qasim Industrial Estate, Bin Qasim, Karachi. The Company’s segments are Manufacturing and Trading. The Company offers products, including Toyota Corolla Altis X, Toyota Yaris, Toyota Camry Hybrid, Toyota Corolla Cross, Toyota Fortuner, Toyota Revo, Toyota Hilux E (Standard), Toyota Hilux Single Cabin, Toyota Hiace Deluxe, Toyota Hiace and Toyota Coaster. In addition, the Company offers services, which include a Toyota protection plan, extended warranty, and prepaid periodic maintenance.
