Honda Reports 188% Growth, Reflecting Positive Trends in the Auto Sector

Honda Atlas Car Pakistan (HCAR) has announced its financial results for the first quarter of FY2026 (July to September 2025), showing impressive growth despite lower-than-expected gross margins, Myesha Sohail, Research Analyst at Topline Securities, reported.

Honda’s net sales surged to Rs25.4 billion, reflecting a 53% YoY (Year-on-Year) increase, driven by a 46% YoY growth in vehicle sales volumes, e.g., 4,880 units. 

The company reported a 163% YoY increase in profit before tax, totaling Rs. 1.12 billion, and profit after tax reached Rs. 742 million, a remarkable 188% YoY increase. 

These strong results from Honda align with the broader momentum seen in Pakistan’s auto sector. Earlier today, we reported the Pakistan Bureau of Statistics’ release of Large Scale Manufacturing (LSM) index results, in which the auto sector showed an 84.5% QoQ increase. 

Moreover, of the total 4.08% QoQ growth in the Large Scale Manufacturing (LSM), the automobile industry accounted for the largest share (1.85) of the overall growth. This shows the industry is growing and improving at a solid pace.