Karachi: Hinopak Motors Limited reported its financial results for the quarter ending June 30, 2026, during a board meeting held on July 28, 2026. The meeting took place at the company's registered office on Manghopir Road, Karachi, where the un-audited financial statements were approved by the Board of Directors.
The company announced that there would be no cash dividend or bonus/right shares for the quarter. The un-audited financial statements have been appended as Annexures A-D, with further details to be transmitted via PUCARS within the specified timeframe.
For the quarter ending June 30, 2026, the company's revenue from contracts with customers stood at 3.28 billion rupees, showing a moderate decline from 3.96 billion rupees in the same period the previous year. The gross profit also decreased to 544.44 million rupees from 845.56 million rupees.
The distribution costs amounted to 126.64 million rupees, while administration expenses were 126.93 million rupees. Other income increased to 49.77 million rupees, whereas other expenses reduced to 18.52 million rupees. The reversal of impairment on trade receivables and deposits was recorded at 0.50 million rupees.
The profit from operations reached 322.63 million rupees, down from 613.44 million rupees previously. Finance costs decreased to 71.34 million rupees. Consequently, the profit before income tax and levies was 251.29 million rupees. After accounting for the levy - minimum tax, the profit before income tax was 208.57 million rupees. The income tax provision resulted in a profit after tax of 209.69 million rupees, compared to 416.82 million rupees a year earlier.
According to information available from the Pakistan Stock Exchange (PSX), the company's earnings per share for the quarter were reported at Rs. 8.45, down from Rs. 16.81 in the same period last year.
On the balance sheet, the total assets of Hinopak Motors Limited decreased to 9.85 billion rupees from 11.57 billion rupees as of March 31, 2026. Non-current assets were valued at 3.30 billion rupees, while current assets stood at 6.36 billion rupees. The company reported total liabilities of 3.57 billion rupees, a decrease from 5.50 billion rupees.
The shareholders' equity increased to 6.27 billion rupees from 6.07 billion rupees, with the issued, subscribed, and paid-up capital remaining at 248.01 million rupees. Capital reserves and revenue reserves were reported at 5.41 billion rupees and 911.04 million rupees, respectively.
In the designated market category, the company continues to navigate market challenges amidst a moderate decline in revenue and profit margins, reflecting the broader economic conditions affecting the automotive sector.