Indus Motor Company (INDU): 2QFY18 EPS clocks in at Rs47.53, up 23% YoY – By Shajar Research
<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Indus Motor Company (INDU) today announced 1HFY18 results,
with Profit after Tax of Rs7.4bn (EPS: Rs93.69), up 21% YoY from Rs6.1bn (EPS:
Rs77.28) in 1HFY17. Accompanying the result is an interim cash dividend of
Rs32.5/share (we had forecasted DPS at Rs30/share), taking 1HFY18 payout to
Rs62.5/share. For 2QFY18, the company recorded EPS of Rs47.53, up 23% YoY/ 3%
QoQ, which is higher than expectations.</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Net sales for 2QFY18 clocked in 25% YoY higher on account of
7% YoY increase in volumes during the quarter, while the shift in product mix
towards higher-priced models further augmented the company’s top line. Gross
margins during the quarter were also above e...
