Toyota Indus Motor Company (IMC) Limited has reported a profit of Rs. 4.87 billion for the second quarter ending December 31, FY2024-25, marking a significant 179 percent increase compared to Rs. 1.74 billion in the same period last year.

The company also announced an interim cash dividend of Rs. 37 per share, in addition to the first interim cash dividend of Rs. 39 per share (390 percent) already paid earlier.

Despite the profit surge, Toyota IMC’s net sales decreased by 137 percent, standing at Rs. 43.3 billion compared to Rs. 18.2 billion in Q2 FY2023-24. Gross margins also fell to a record low of 14.1 percent, down from 7.8 percent in the same period last year.

The company paid Rs. 3.2 billion in taxes during the quarter, a sharp increase from Rs. 598 million in the corresponding period last year. Earnings per share (EPS) rose to Rs. 61.92, compared to Rs. 22.15 in the same quarter last year.

At the close of trading on Friday, Toyota IMC’s stock (INDU) was priced at Rs. 2,120, reflecting a decline of Rs. 28.57 or 1.33 percent, with a turnover of 1,235 shares.