ISLAMABAD, Indus Motors (INDU) announced its fiscal year-12 EPS Rs54.7 as compared to EPS of Rs34.9 last year, showing a significant growth of 57%.
The company has also announced a surprising final cash dividend of Rs24 per share, translating into a total cash payout of Rs32 per share, says a press release issued here on Thursday.
In addition to 8% growth in volumetric sales, the improved bottom-line is primarily a function of increased unit prices which rose by 15%. This considerable increase in unit prices absorbed increases in cost of sales and rendered into 190bps higher gross margins to clock in at 8.53% in FY12. During 4Q company s gross margins improved by 146bps to 10%, as against 8.53% in the previous quarter.
Furthermore, 18% rise in company s other operating income to Rs1.8bn as against Rs1.5bn in FY11 also played its due role in absorbing increasing operating cost and in strengthening company s profitability.
In 4Q, the company posted an EPS of Rs17.92, up 23% as against EPS of Rs.14.5 in the same quarter last year. As compared to preceding quarter, the reported earning is up 25% from Rs14.35 per share.
Though the company is facing risk of imported cars, increased margin scenario is expected to bode well for company s profitability.