After sharing a remarkable profit growth, Sazgar Engineering has brought another update translating production and sales figures recorded last month. The company’s October 2024 production and sales charts for three-wheelers and four-wheelers paint a positive picture of its performance.
Three-Wheelers Sale
In the three-wheeler segment, the company produced 2,520 units and sold 2,401, indicating a strong market demand for these vehicles. This suggests that the company’s three-wheelers are well-received by customers and effectively meet their needs.
Four-Wheelers Sale
Similarly, the four-wheeler like Haval H6 and Jolion experienced robust performance. The company manufactured 1,008 four-wheelers and sold 1,002 units in October. This highlights the company’s ability to produce and deliver four-wheelers efficiently, catering to customer demands.
The high sales figures signify that the company’s four-wheelers are popular among consumers and fulfill their requirements.
Overall, the October 2024 production and sales figures demonstrate the company’s success in both segments. The strong demand, efficient production, and high sales figures indicate the company’s ability to meet market needs and deliver quality products to its customers.
Profit Growth
A week back, Sazgar Engineering Works Limited also posted exceptional results with a record 541% YoY increase in earnings, reaching Rs. 4.2 billion in 1QFY25. On a QoQ basis, the company’s profit grew by 21%.
This strong performance was supported by a surge in sales of both three- and four-wheeler vehicles. The company sold 2,605 four-wheelers, a 3.5% YoY growth, and 5,435 three-wheelers, marking an 89% YoY increase.
Net sales for Sazgar jumped by 3.3% YoY to Rs. 26.3 billion, driven by robust demand for Haval vehicles and continued production growth. Notably, Sazgar achieved its highest monthly production for four-wheelers in September 2024, highlighting its operational efficiency and market demand.
Sazgar also declared its first-ever dividend for 1QFY25, distributing Rs. 10 per share, showcasing its financial stability.
What do you think about Sazgar Engineering’s performance in terms of sales, production and profit. Tell us in the comments section.
