Karachi, 27 April, 2026:* Indus Motor Company Limited (“IMC”) has announced its unaudited financial results for the nine months ended March 31, 2026, delivering strong growth in sales, revenue, and profitability amid improving economic conditions and a recovering automotive market.
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During the 9 months period, IMC sold 33,572 CKD and CBU vehicles, a 53.4% increase compared to 21,890 units in the corresponding period last year. The Company’s market share stood at approximately 15.3%, driven by sustained demand for the Toyota Corolla and Toyota Yaris.
Net sales turnover rose to Rs. 191.97 billion, up from Rs. 145.53 billion in the same period last year same period. Profit after tax increased to Rs. 19.39, compared to Rs. 16.55 billion, while Earnings Per Share (EPS) stood at Rs. 246.80, against Rs. 210.62 last year same period. The Board also declared a third interim cash dividend of Rs. 51 per share, compared to Rs. 50 per share in the corresponding quarter of FY 2024–25.
Further, we are pleased to inform you that the Board of Directors, in its meeting held on April 24, 2026, has approved an additional investment of Rs. 1 billion to further enhance the localization of parts and components. This brings the total investment in the localization project to Rs. 5.1 billion.
Pakistan’s economy showed steady improvement during the nine months, with GDP growth estimated at 3.5%, inflation at 7.3%, and foreign exchange reserves at USD 21.89 billion as of March 31, 2026. The State Bank maintained the policy rate at 10.5%, while fiscal discipline and continued IMF reforms supported broader macroeconomic stability.
The domestic auto sector also strengthened, with industry sales of locally manufactured Passenger Cars (PCs) and Light Commercial Vehicles (LCVs) rising 42.8% year-on-year to 144,029 units. However, industry utilization remains around 40% of installed capacity, highlighting the need for sustained demand and policy continuity.
Commenting on the results, Ali Asghar Jamali, Chief Executive Officer of IMC, said:
“Our nine-month performance reflects strong market recovery, disciplined execution, and continued customer confidence in our products. Higher volumes, cost optimization, and increased localization have strengthened our financial results.”
He added, “For the automotive sector to sustain this momentum, consistent government policy is critical. Stable regulations, rational taxation, and improved access to affordable financing will support local manufacturing, investment, and employment generation.”
Further he welcomed the move by the government to end the baggage scheme, calling it a key step to strengthen the local auto industry by boosting demand for locally assembled cars, supporting growth, jobs, and reducing idle capacity.
Looking ahead, IMC remains cautiously optimistic for the remainder of FY 2025–26, supported by stable macroeconomic indicators and consumer demand. However, rising global oil prices, geopolitical uncertainty, and supply chain risks remain key challenges.
The Company continues to advocate for relaxation of auto-financing restrictions which is currently up to Rs. 3 million and 3 years only, tax rationalization, and incentives for vehicle exports to strengthen the auto sector’s long-term competitiveness.
IMC extends its gratitude to customers, employees, dealers, vendors, shareholders, and partners for their continued trust and support.
