Karachi: The Directors of Agriauto Industries Limited and its subsidiary, Agriauto Stamping Company (Private) Limited, have released a comprehensive report for the fiscal year ended June 30, 2026, highlighting significant financial growth and strategic adjustments within the Group. This report comes amid a positive economic shift in Pakistan, marked by a GDP expansion of 3.7% and a strengthened external sector, reflecting the nation's first current account surplus in over a decade.
According to the report dated September 24, 2026, Pakistan's economy demonstrated encouraging improvement during FY 2026. Large-scale manufacturing returned to positive growth after three years of contraction. The automotive industry, in particular, evolved with an increase in market demand and the introduction of new vehicle technologies, including hybrid and electric vehicles.
In financial terms, Agriauto Industries Limited reported a consolidated sales increase of 47% to Rs. 17.4 billion. The Group's profit after taxation rose to Rs. 1,203 million from Rs. 238 million the previous year. This growth was largely driven by the rise in production and sales of passenger cars. Standalone sales closed at Rs. 10.7 billion, a 38% increase, with a corresponding profit after tax of Rs. 681 million, up from Rs. 99 million last year.
The Group's strategic decision to discontinue its camshaft operations, due to sustained low demand from the tractor industry, is expected to have a negligible impact on its turnover or asset base. Similarly, the discontinuation of Yamaha Motor Pakistan's operations will also have minimal effect on the Group's financials.
According to information available from the Pakistan Stock Exchange (PSX), the Group's consolidated turnover reached Rs. 17,383 million, while the standalone turnover was Rs. 10,730 million. The earnings per share surged to Rs. 33.43 from Rs. 6.62 on a consolidated basis, and to Rs. 18.93 from Rs. 2.75 on a standalone basis.
The Group also reached a settlement with the Government of Sindh regarding the Sindh Infrastructure and Development Cess (SIDC) liability. The consolidated liability was determined at Rs. 671.15 million, payable over approximately 14 years. The statutory framework introduced by the Sindh Development and Maintenance of Infrastructure Cess (Amendment) Act, 2026, facilitated this settlement.
As Pakistan continues implementing reforms under the IMF's Extended Fund Facility and the Resilience and Sustainability Facility, the automotive and other manufacturing sectors anticipate further growth. The Government's GDP growth target of 4% for the next year underscores the ongoing efforts to enhance industrial competitiveness and sustain economic momentum.