Atlas Honda Limited (PSX: ATLH) has announced a profit of Rs. 10.6 billion for the nine months ending December 31, 2024, reflecting a significant 75% increase compared to Rs. 6 billion in the same period last year. This translates into an Earnings Per Share (EPS) of Rs. 85.84, up from Rs. 49.01 during the corresponding period in 2023.

The company achieved net sales of Rs. 146.8 billion, marking a 27% increase year-on-year. This growth was driven by higher sales volumes, an improved sales mix, and stable exchange rates. As a result, gross profit surged by 79%, rising from Rs. 7.8 billion to Rs. 14 billion.

Sales and marketing expenses increased by 22.5% to Rs. 2.8 billion, attributed to promotional activities and general inflation. Similarly, administrative expenses rose by 24% to Rs. 799.7 million, primarily due to inflation and corporate social responsibility (CSR) initiatives.

The company’s other income, net of operating expenses and financial charges, contributed Rs. 7.37 billion to the bottom line, an 18% increase compared to the same period last year. This was largely due to efficient treasury operations.

Atlas Honda reported a profit before tax of Rs. 16.7 billion, up by 68% year-on-year, supported by higher sales, better cost management, and stable economic conditions.

At the close of trading on Thursday, the company’s stock price stood at Rs. 873.29, reflecting an increase of Rs. 79.39, with a turnover of 63,379 shares.

The company’s strong financial performance highlights its ability to navigate market challenges and capitalize on growth opportunities. With a focus on maintaining operational efficiency and leveraging stable economic conditions, Atlas Honda remains well-positioned for continued success.