Indus Motor Company Limited (INDU) is scheduled to announce its financial result for 9MFY19 on 26th Apr’19, analysts expect profitability during the 9MFY19 to decrease by 10% YoY to PKR 10,478mn (EPS: PKR 133.31) against PKR 11,636mn (EPS: PKR 148.04).
Topline is expected to witness a growth of 17% YoY to PKR 117.3bn attributable to volumetric growth of 7% to 49,566 units vs. 46,427 units in 9MFY18 coupled with average increase of 12-17% in prices across all variants.
On a sequential basis, analysts project the company to post earnings of PKR 3,566mn (EPS: PKR 45.37) depicting a drop of 17% YoY and increase of 5% QoQ.
Topline is expected to grow by 11% YoY owing to higher sales of Corolla (up by 16% YoY to 15,039 units) while Hilux and Fortuner volumes plunged by 50% YoY and 31% YoY (sales units during 3QFY19 up by 4% YoY to 16,935 vs 16,293 in SPLY).
Moreover, the analysts expect margins to deteriorate by 455bps to 12.9% YoY owing to depreciation of PKR against USD by 25% YoY and JPY against USD by 2% YoY resulting in decline in gross margins.
