By Qudsia Bano
ISLAMABAD, June 22 (INP-WealthPK): Favourable market conditions together with effective strategies and customer confidence enabled Ghandhara Industries Limited – a maker of heavy-duty vehicles – to generate net revenues of Rs17.7 billion in the first nine months (July-March) of the ongoing fiscal year 2021-22 compared to Rs10.6 billion during the same period of fiscal 2020-21, posting a 67% growth. As a result, the company’s gross profit climbed by 98% to Rs2.7 billion this year from Rs1.3 billion last year, with earnings per share (EPS) jumping to Rs27.92 from Rs9.71.
| Ghandhara Industries Limited Financial Performance | |||
|
Particulars |
31-March-22 | 31-March-21 |
Growth % |
| Rs. in ‘000 | Rs. in ‘000 | ||
| Revenue | 17,755,871 | 10,602,848 | 67% |
| Gross Profit | 2,761,784 | 1,397,100 | 98% |
| Profit before Tax | 1,539,915 | 483,132 | 219% |
| Net Profit | 1,189,537 | 413,607 | 188% |
| Earnings Per Share | 27.92 | 9.71 | 188% |
Annual Results 2020-21
|
PATTERN OF SHAREHOLDING – GHANDARA INDUSTRIES LIMITED As of June 30, 2021 |
||
| Categories of Shareholders | Shares Held | Percentage |
| Directors, Chief Executive Officers and their spouse(s), and minor children | 93,410 | 0.22 |
| Associated Companies, Undertakings, and related Parties | 27,431,642 | 64.38 |
| NIT and ICP | 241,982 | 0.57 |
| Banks, NBFCs, DFIs, Takaful, Pension, and Stock Funds | 4,247,000 | 9.97 |
| Investment and Modaraba Companies | 42,656 | 0.10 |
| Insurance Companies | 124,000 | 0.29 |
| Joint Stock Companies | 765,310 | 1.80 |
| Other Companies, Corporate Bodies, Trust, etc. | 919,703 | 2.16 |
| General Public (Local) | 8,743,141 | 20.52 |
| Total | 42,608,844 | 100.00 |
| Source: Company financial Report | ||
As of June 30, 2021, associated companies, undertakings and related parties owned 64.38% of the company’s total shares; general public (local) held 20.52%; banks, development financial institutions, and non-banking financial institutions owned 9.97%; joint stock companies held 1.80%; other companies, corporate bodies, and trusts had 2.16%;
directors, the chief executive officer and their spouse(s) and minor children owned 0.22%; NIT and ICP owned 0.57%; investment and modaraba companies owned 0.10% and insurance companies 0.29%.
Financial Performance
The company’s net revenues climbed to Rs14.9 billion during the fiscal year 2020-21 from the previous year’s Rs11.7 billion, registering a growth of 27% year-on-year. The company’s gross profit climbed to Rs2 billion during 2020-21, 200% up from the previous year’s (FY2019-20) Rs692 million. The company made a profit-after-tax of Rs604 million in 2020-21 compared to a loss of Rs1.2 billion in FY2019-20. As a result, the firm’s EPS grew to Rs14.18 in FY2020-21 versus a loss of Rs30.11 in FY2019-20.
| Ghandhara Industries Limited Financial Performance | |||
| Particulars | 30-Jun-21 | 30-Jun-20 | Growth % |
| Rs. in ‘000 | Rs. in ‘000 | ||
| Revenue | 14,999,493 | 11,788,254 | 27% |
| Gross Profit | 2,075,065 | 692,764 | 200% |
| Profit before Tax | 738,056 | -1,012,276 | -173% |
| Net Profit | 604,213 | -1,282,883 | -147% |
| Earnings Per Share | 14.18 | -30.11 | -147% |
Ghandara Industries Limited’s EPS deteriorated from 2018 to 2020 due to unfavourable market conditions caused by Covid-19-induced lockdowns. However, the EPS in 2021 increased to Rs14.18 due to high revenues and profits generated by the company.
It is to mention here that Ghandhara Industries assembles, manufactures and sells Isuzu vehicles and buses. Medium-duty and heavy-duty vehicles (F-Series) and light-duty vehicles (L-Series) are among the company’s offerings.
NHR (4×2), NKR (4×2), NPR (4×2) and NPS (4×2) are among the N-Series pickup and trucks. FTR (4×2), FVR (4×2), FVZ (6×4) and FTS are among the F-Series trucks and prime movers offered by the company. NKR (microbus), NPR and MT133 are among the company’s buses. The company also produces car bodies. It provides bus bodies, front-end structures, water bowsers, aluminum containers, half-load bodies, high-wall bodies, bottle carriers, mobile workshops, mechanical sweepers, troop carriers, mobile canteens, and dumpers. It also offers after-chassis solutions.
The company also makes bodies for the mining sector, the military, transportation, agriculture, beverage industry and exploration, to name a few.
