Karachi: Ghandhara Industries Limited has reported substantial growth in its financial performance for the period ending March 31, 2025, as detailed in its unaudited financial statements. The company recorded a significant increase in net revenues, reaching Rs. 21.88 billion compared to Rs. 9.81 billion in the corresponding period of the previous year. This growth reflects an overall positive economic environment in Pakistan, bolstered by favorable monetary policies and international institutional support.
The automotive sector, particularly, has seen notable expansion. According to the Pakistan Automotive Manufacturers Association (PAMA), the truck and bus market grew by 80 percent over the past year. In alignment with this trend, Ghandhara Industries Limited reported a 109 percent increase in sales during the same period.
The company's gross profit for the period was Rs. 5.21 billion, up from Rs. 1.72 billion in the previous year. Profit after tax also showed remarkable improvement, rising to Rs. 2.93 billion from Rs. 0.30 billion in the corresponding period last year. This performance is attributed to both the favorable economic climate and the company's strategic management efforts.
According to information available from the Pakistan Stock Exchange (PSX), the company's market performance has been strong, reflecting the positive trajectory of Pakistan's economy. The designated market category for Ghandhara Industries Limited remains robust amid the economic recovery.
Looking ahead, the company anticipates sustained demand for its products as various sectors of Pakistan's economy continue to grow. However, it acknowledges potential risks from international trade challenges, volatile exchange rates, and recession fears, which could impact the broader economic landscape. To address these challenges, the management is implementing a comprehensive strategy to ensure continued growth and profitability.
The board of Ghandhara Industries Limited has expressed gratitude to its shareholders, suppliers, customers, dealers, and financial partners for their continued support. It also recognized the dedication of its employees and the ongoing assistance from its principals, including Isuzu Motors Limited and Marubeni Corporation.