$HCAR Honda Atlas Car (HCAR): 3QMY26 EPS at Rs4.59,up 16% YoY while down 12% QoQ – lower than expectations – By Topline Research
$HCAR
Honda Atlas Cars (Pakistan) Limited
Rs. 235.68
-1.80%
- Honda Atlas Car Pakistan (HCAR) announced its 3QMY26, result today, where the company recorded profit of Rs655mn (EPS of Rs4.59), up 16% YoY while down 12% QoQ.
- The result came lower than industry expectations due to lower-than-expected gross margins and higher-than-expected effective tax rate.
- Gross margins clocked in at 7.55% in 3QMY26 vs 9.21% in 3QMY25 and 7.56% in 2QMY26. Despite increased sales, gross margins fell as compared to last year, however the margins remained flattish on QoQ basis. We were expecting gross margins at 9%.