Karachi: HinoPak Motors Limited reported a sharp decline in profitability for the quarter ended June 30, 2026, as lower sales and weaker operating margins weighed on the company’s financial performance.
According to the company’s unaudited financial results, profit after tax fell by nearly 50% to Rs209.69 million, compared with Rs416.82 million in the corresponding quarter last year.
The company’s earnings per share (EPS) dropped to Rs8.45, down from Rs16.81 in the same period of 2025.
Net sales declined 17.3% to Rs3.28 billion during the quarter, compared with Rs3.96 billion a year earlier. As a result, gross profit fell to Rs544.44 million from Rs845.56 million, reflecting pressure on margins.
Operating profit also declined sharply to Rs322.63 million, down from Rs613.44 million in the corresponding period last year.
On the positive side, finance costs nearly halved to Rs71.34 million from Rs146.72 million, while other income increased to Rs49.77 million from Rs30.64 million, partially cushioning the decline in earnings.
Despite these gains, profit before tax dropped to Rs208.57 million, compared with Rs413.68 million in the same quarter last year.
HinoPak reported total comprehensive income of Rs209.69 million for the quarter, with no other comprehensive income recorded during the period.
The results indicate that subdued sales continued to weigh on the commercial vehicle assembler’s performance, despite lower financing costs and higher non-operating income.
