Honda Atlas Cars Pakistan Limited (HCAR) announced strong financial results for the first half of FY2026. The company posted a profit after tax of Rs. 1,571 million, or Rs. 11.00 per share, reflecting a 3.4-fold increase from Rs. 460 million in the same period last year.
On a quarterly basis, Honda Atlas recorded Rs. 742 million in 2QMY26, marking a 2.9 times year-on-year growth.
Net sales for 1HMY26 reached Rs. 51,880 million, up 59 percent from Rs. 32,567 million in 1HMY25. Analysts at Arif Habib Limited attributed this growth to a 34 percent increase in total volumes, which reached 11,818 units. Civic and City models accounted for 10,168 units, while BR-V and HR-V models contributed 1,650 units.
In 2QMY26, net sales were Rs. 25,418 million versus Rs. 16,519 million in the same quarter last year, showing a 53 percent rise. The increase was driven by a 46 percent growth in volumes following the launch of the HR-V Hybrid in August 2025 and the Honda City 1.5L Aspire S CVT in September 2025.
Gross margins improved to 8.1 percent in 1HMY26, up from 6.9 percent in 1HMY25. Quarterly margins remained stable at 7.4 percent in 2QMY26.
Other income surged 483 percent year-on-year in 2QMY26 to Rs. 495 million, reflecting higher cash and bank balances of Rs. 1.5 billion. Finance costs increased 63 percent YoY to Rs. 315 million due to higher borrowings. The effective tax rate fell to 33.9 percent in 2QMY26, down from 39.6 percent in 2QMY25.
The results highlight Honda Atlas’s strong performance, driven by increased sales, strategic launches, and operational efficiency. The company’s growth reflects resilience in Pakistan’s automotive market and growing consumer demand for Honda models.
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Honda Atlas continues to focus on expanding its market share while maintaining strong profitability and improving financial performance.
