Sazgar Engineering Works (SAZEW) Q1 2025 earnings summary

Executive summary

• Q1 FY25 net sales rose to Rs 26.332bn from Rs 8.044bn YoY, with net profit of Rs 4.217bn versus Rs 659m.

• Four-wheelers were the main sales driver at Rs 24.092bn, compared with Rs 6.685bn in Q1 FY24.

Financial highlights

• Gross profit increased to Rs 7.621bn from Rs 1.511bn; operating profit reached Rs 6.758bn versus Rs 1.146bn.

• Profit before tax was Rs 6.615bn versus Rs 1.109bn; net profit was Rs 4.217bn versus Rs 659m after taxation of Rs 2.398bn versus Rs 451m.

Outlook and guidance

• Plans include expanding the product range with environment-friendly vehicles in response to market dynamics and emerging new-energy vehicle offerings.

• HAVAL vehicles were strengthening their positions in their categories; demand was expected to grow alongside economic growth.