Islamabad: Sazgar Engineering Works Limited (SAZEW), a prominent Pakistani auto manufacturer, posted a remarkable net profit of Rs6.23 billion for the third quarter (Jan-Mar) of the financial year 2025 (FY25), marking a significant 105% increase from Rs3.03 billion in the same period last year.
This quarter’s profit is the highest-ever recorded by the company, according to a report by brokerage house Topline Securities.
The earnings per share (EPS) surged to Rs103.06 in 3QFY25, compared to Rs50.20 in the corresponding period of FY24.
The company’s performance exceeded industry expectations, with gross margins surpassing estimates.
In response to the strong results, Sazgar declared a dividend of Rs12 per share for 3QFY25, bringing the total dividend for the first nine months of FY25 to Rs32 per share.
Sazgar’s net sales for the quarter rose by 83%, reaching Rs36.74 billion, up from Rs20.05 billion in 3QFY24.
However, the cost of sales also saw a significant increase, rising by 74% to Rs24.77 billion, compared to Rs14.24 billion in the same period last year.
Despite the rise in costs, the company achieved a gross profit of Rs11.97 billion in 3QFY25, reflecting a robust financial performance.
Background of Sazgar Engineering
Sazgar Engineering Works Limited (SAZEW), established in 1991, is a leading Pakistani manufacturer renowned for its diverse vehicle production, including auto rickshaws, tractors, and passenger cars.
The company operates its manufacturing facilities in Lahore, with annual capacities of 20,000 rickshaws and 24,000 automobiles in a single shift.
In recent years, Sazgar has expanded its product lineup through strategic collaborations with international automotive brands.
Read More: Sazgar Profit Grows by Massive 541% in Q1 FY25
Notably, in 2024, the company achieved a significant milestone by producing its 10,000th locally assembled hybrid vehicle in partnership with Great Wall Motors (GWM).
This includes models like the Haval H6 HEV, marking Pakistan’s first locally assembled New Energy Vehicle (NEV).
Looking ahead, Sazgar plans to further diversify its offerings by introducing battery electric vehicles (BEVs).
The company aims to commence the local assembly of these vehicles by December 2025, with an expansion plan that includes upgrading existing facilities and installing a 4-megawatt solar power system.
Also Read: Sazgar Engineering Reports Robust Growth in March 2025
Through these initiatives, Sazgar Engineering is positioning itself as a key player in Pakistan’s evolving automotive industry, contributing to the nation’s shift towards sustainable transportation solutions.
