Indus Toyota Ltd (INDU) announced its Full Year 2019 Financial Results where it posted Net Profit of Rs. 13.72 billion (EPS: Rs. 174.49/share) marking a 13%YoY decline.
INDU Sales grew by 13% YoY to Rs. 158 billion. However, Gross Profit declined by 20% as the company faced declining margins amid cost pressures. The finance cost remained limited as INDU had ample liquidity to fund its operations.
Full-year dividend payout stands at Rs.115/share leading to a payout ratio of 66% as compared to 70% in FY18, a considerably tamed decline considering the firm is undertaking significant expansions.
|Rupees in Million||FY19||FY18||YoY%|
|Cost of sales||138,805||115,831||20%|
|Total operating expenses||2,814||2,808||0%|
|Other operating expenses||1,641||1,898||-14%|
|Other operating income||4,307||3,901||10%|
|Profit Before Tax||18,976||22,999||-17%|