External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>Indus Motor Company (INDU) announced its 4QFY26 results today, where the company recorded profit of Rs6.1bn (EPS of Rs76.73), down 5% YoY and 9% QoQ.</li><li>The result came lower than expectations due to lower-than-expected gross margins.</li><li>This took FY26 earnings at Rs25.5bn (EPS of Rs324.50) up 11% YoY compared to FY25 profit of Rs23bn (EPS of Rs292.74).</li></ul>

Indus Motor Company (INDU) announced its 4QFY26 results today, where the company recorded profit of Rs6.1bn (EPS of Rs76.73), down 5% YoY and 9% QoQ.The result came lower than expectations due to lower-than-expected gross margins.This took FY26 earnings at Rs25.5bn (EPS of Rs324.50) up 11% YoY compared to FY25 profit of Rs23bn (EPS of Rs292.74).

Indus Motor Company (INDU): 4QFY26 EPS at Rs76.73, Down 5% YoY and 9% QoQ – Lower Than Expectations