Ghandhara Industries Limited: performance and outlook

Business Recorder reported that Ghandhara Industries Limited (GHNI) lifted its topline by 95.71 percent in the first nine months of the current fiscal year, reaching Rs42,830.22 million. Net profit grew 79.55 percent to Rs5,265.50 million, translating into earnings of Rs123.58 per share and a net margin of 12.30 percent. Cost control, a steadier local currency and higher prices helped hold the gross margin at 24 percent.

Industry data from PAMA showed local truck and bus sales rose 74 percent during the period. GHNI's own sales volume rose 57 percent in the nine months, as economic activity resumed and commercial vehicle demand improved. GHNI has also formed a tie-up with Zhongtong Bus Holding Company Limited aimed at launching luxury buses in Pakistan.

Management intends to set up a production line for luxury buses before FY26 closes. The move would widen the sales mix and mark GHNI's entry into the EV and NEV segment. The company added that the arrangement could also support exports if GHNI becomes Zhongtong's regional assembly hub.