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جو شخص بہانہ بنانے میں بہت اچھا ہو ، وہ کسی اور کام میں اچھا نہیں ہو سکتا
پیسہ بدترین آقا ہے، مگر بہترین غلام بھی ہے
کسی فرد یا قوم کو برباد کرنا ہے تو اس کی امید کو مار ڈالیے اور اگر اسے تعمیر کرنا ہے اس کی امید کا دیا روشن کیجئے
کامیابی سوچ سے ملتی ہے
زندگی کی دوڑ میں دوسروں سے آگے نکلنے کیلئے تیز چلنا ضروری نہیں، بلکہ ہر رکاوٹ کے باوجود چلتے رہنا اور مسلسل چلتے رہنا ضروری ہے
جب باتیں آمنے سامنے ہوتی ہیں تو جھوٹ اور غلط فہممی کا خاتمہ ہو جاتا ھے
بہت اونچے پہاڑ پر چڑھنے کے لئیے قدم آہستہ آہستہ اٹھانا پڑتے ہیں
تین چیزیں نیکی کی بنیاد ہیں، تواضع بے توقع, سخاوت بے منت اور خدمت بے طلبِ مکافات
غربت اور افلاس کی وجہ پیداوار کی کمی نہیں، بلکہ اسکی غلط تقسیم ہے
دولت ہونے سے آدمی اپنے آپ کو بھول جاتا ہے اور دولت نہ ہونے سے لوگ اس کو بھول جاتے ہیں
FINANCIAL RESULT FOR THE NINE MONTHS ENDED 31/03/2017
PROFIT/LOSS BEFORE TAXATION RS. IN MILLION 5,092.742
PROFIT/LOSS AFTER TAXATION RS. IN MILLION 3,752.479
EPS = 36.29
DIVIDEND = 185%
BOOK CLOSURE FROM 06/06/2017
BOOK CLOSURE TO 19/06/2017
Honda Atlas Cars Limited (HCAR): MY18 EPS expected at PKR46.11, up 7%YoY; DPS at PKR 18.50
11 April 2018
Taurus Securities Limited
Honda Atlas Cars Limited (HCAR) is scheduled to announce its MY18 financial results on April 12, 2018, wherein the automobile assembler is expected to post a PAT of PKR 6.6bn (EPS: PKR 46.11), up by 7%YoY. Alongside, we expect it to announce a cash payout of PKR 14.32/share, taking total cash payout for the year to PKR 18.50/share.
Sales revenue in MY18 is expected to grow by 46%YoY on the back of i) a 15k increase in off-takes (up 42%YoY), thanks to the introduction of BR-V, and ii) an increase in average selling prices.
Gross margin in MY18 is expected to fall by 3.22pps YoY on the back of i) ~30%YoY increase in steel prices, and ii) ~9% PKR depreciation against THB.
In 4QMY18, HCAR's bottom-line is expected to stay largely stagnant (rising by 3%QoQ) despite an expected 20% rise in sales revenue, to PKR 10.25/share vs. PKR 9.92/share in 3QMY18 mainly on account of i) higher steel costs, and ii) PKR depreciation.
Atlas Honda Limited (ATLH): ATLH posted an EPS of PkR45.1 for MY18
30 April 2018
Shajar Capital Pakistan (Private) Limited
ATLH announced its MY18 results on April 30, 2018. The company posted a Profit after Tax of PkR4.66bn (EPSkR45.1) during the year, á20.18%YoY from the PkR3.75bn (EPS: PkR36.29/sh) reported for the earlier year.For the final quarter, the company reported Profit after Tax of PkR1.25bn (EPS: PkR12.1/sh), compared to the PkR1.17bn reported in the earlier quarter and the PkR1.04bn (EPS: PkR10.07/sh) reported in the 4QMY17 (á7%QoQ; á20%YoY)
For the year, the company posted revenues of PkR77.48bn, á18.94%YoY from the PkR64.53bn reported in the SPLY. During the period, the company sold around 1,087,105 units, compared to 920,662 units in the earlier year, representing an increase of 18.1%. In 4QMY18, revenues came in at PkR21bn, compared to the PkR19.59bn reported in the earlier quarter (á7%QoQ) and the PkR17.63bn (á19%YoY) reported in the SPLY.
During MY18, ATLH’s Gross Margins came in at 10.7%, 20bps higher than the 10.5% reported in the SPLY. For the quarter, the company reported Gross Margins of 10.1%, compared to 10.7% in 3QMY17 (â0.7bps QoQ) and the 10.5% in 4QMY18 (â40bps YoY).
Honda Atlas Cars Limited (HCAR): MY18 EPS at PKR 45.48, up 6%YoY; DPS at PKR 22.75
15 May 2018
Taurus Securities Limited
Honda Atlas Cars Limited (HCAR) announced its MY18 financial results today, wherein the automobile assembler posted a PAT of PKR 6.5bn (EPS: PKR 45.48), up by 6%YoY. Alongside, it also announced a cash payout of PKR 18.57/share, taking total cash payout for the year to PKR 22.75/share.
Sales revenue in MY18 grew by 46%YoY on the back of i) a 14.8k increase in off-takes (up 42%YoY), thanks to the introduction of BR-V, and ii) an increase in average selling prices.
Gross margin in MY18 fell by 3.11pps YoY on the back of i) ~30%YoY increase in steel prices, and ii) ~9% PKR depreciation against THB.
In 4QMY18, HCAR's bottom-line dropped by 3%QoQ despite an 18%QoQ rise in sales revenue, to PKR 9.62/share vs. PKR 9.92/share in 3QMY18 mainly on account of i) higher steel costs, and ii) PKR depreciation.
Honda Atlas Cars Limited (HCAR): EPS for MY18 clocked in at PkR45.5
15 May 2018
First Capital Equities Limited
Honda Atlas Cars (Pak) Ltd (HCAR) announced its financial results for MY18 where company posted earnings at PkR6.49bn (EPS clocked in at PkR45.5, up 5.9%YoY). Earnings for 4QMY18 stood at PkR1.37bn (EPS: PkR9.7), down 35%/2% YoY/QoQ.
The decline in quarterly earnings for 4QMY18 is primarily attributable to increase in steel prices, PkR depreciation vis-à-vis USD (4.7% CYTD) and delayed price pass on. Consequently, gross margins declined by 3.1ppt/0.9ppt YoY/QoQ,
Distribution costs clocked in at PkR418mn, up by 99%/1.66x YoY/QoQ. Administration expenses stood at 231mn, up by 67%/53% YoY/QoQ.
Honda Atlas Cars Limited (HCAR): MY2018 EPS clocked in at PKR45.5 – Below expectations
15 May 2018
Insight Securities (Private) Limited
Honda Atlas Cars (Pakistan) Ltd. (HCAR PA) has announced its full year MY2018 results where the company has posted net profit after tax of PKR6.5b (PKR45.5/share), up 6%YoY. The earnings are below our expectations mainly due to higher than expected distribution and admin expenses. The company has also announced final dividend of PKR22.75/share.
During MY2018, net sales of the company increased by 46% to PKR91.5b, led by 42% increase in volumes (addition of BR-V). However, the same did not reflect into bottom-line due to 3.1pps fall in gross margins owing to higher raw material costs and PKR devaluation.
During 4Q, results reflect similar picture, where revenue increased by 22%, however 3.8pps YoY fall in gross margins and significantly higher distribution and admin expenses dragged bottom-line by 35%YoY
Honda Atlas Cars Limited (HCAR): 4QMY18 EPS Rs9.6 -35%YoY (-3%QoQ); DPS Rs22.75/share (In-line with Expectations) – by Topline Research
15 May 2018
Topline Securities (Private) Limited
HCAR declared earnings of Rs9.6/share in 4QMY18, down 35% YoY primarily on account of margin compression
Net sales of the company improved by 22% primarily led by growth in sales volume of the company. Contrarily, gross profits of the company were down 12% YoY to Rs2.4bn as margins dropped from 13% in 4QMY17 to 9.6% in 4QMY18.
The company has not completely passed on the impact of currency devaluation, we believe. HCAR has raised car prices twice since Jan 2018.