Karachi, Pakistan — Toyota Pakistan, represented by Indus Motor Company (IMC), has reported a remarkable 56% increase in profit for the fiscal year ending June 30, 2024. The company’s net profit surged to Rs 15.07 billion, reflecting a significant improvement over the previous year.
Despite facing a 14% decline in revenue, IMC achieved this impressive profit growth. The company’s earnings per share (EPS) rose to Rs 191.76, up from Rs 122.96 in the prior year. Additionally, IMC’s gross profit increased substantially to Rs 19.38 billion, compared to Rs 7.93 billion last year, enhancing the profit margin from 4.5% to 12.7%.
In light of this strong performance, IMC’s board of directors has declared a final cash dividend of Rs 43 per share. This dividend, combined with the interim dividend of Rs 71.7 per share previously announced, results in a total cash dividend of Rs 114.7 per share for the 2023-2024 fiscal year.
The results highlight Toyota Pakistan’s continued resilience and effective financial management in a challenging market environment.
