Gandhara Industries posted a net profit of Rs. 604 million in FY2021 compared to a loss of Rs. 1.28 billion in FY2020 as company’s sales witness a revival amid economic revival.
GHNI posted sales of Rs. 14.99 billion in FY2021 compared to Rs. 11.788 billion in FY2020, marking an increase of 26%. Respite came in Gross margins which increased to 13% from previous year margin of 5%.
Lower Finance cost of Rs. 466mn also helped the company post healthy profit as it decreased by more than 50%YoY.
Gandhara Industries principal activity is the assembly, progressive manufacturing and sale of Isuzu trucks, buses and pick ups.
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