In a stunning financial performance, Sazgar Engineering Works Limited has reported a whopping Rs. 12.85 billion profit for the first nine months of the ongoing fiscal year, according to the company’s latest financial disclosures.
This significant surge in earnings marks a milestone for the automotive and engineering firm, reflecting robust demand, effective cost management, and strategic expansion in its product lines—particularly in the electric vehicle and three-wheeler segments.
Analysts attribute this growth to Sazgar’s increasing market share, aggressive exports, and its growing footprint in the local electric vehicle (EV) landscape. The company’s profitability has caught the attention of investors, with its stock seeing a sharp uptick following the announcement.
With one quarter still to go, Sazgar’s performance positions it as one of the top profit-makers in Pakistan’s auto engineering sector in FY2024-25.
