Haval, GWM Distributor Breaks Profit Record on Strong FY26 Sales

Sazgar Engineering Works Limited documented its highest-ever annual profit after tax of Rs.

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• While fourth quarter distribution expenses rose 124 percent, mainly due to deliveries of the newly introduced Tank 500, 6.2 billion during fiscal year 2026.
• Despite the solid rise in sales, the company's gross margin declined to 24.2 percent in fiscal year 2026 from 29.1 percent a year earlier.

Sazgar Engineering Works Limited documented its highest-ever annual profit after tax of Rs. 23.6 billion in fiscal year 2026, marking a 44 percent growth from the previous year, according to a result review by Arif Habib Limited.

In practice, the firm additionally posted its highest ever quarterly profit of Rs. 8.7 billion in the fourth quarter, up 151 percent year-on-year (YoY) and 36 percent quarter-on-quarter (QoQ).

Notably, the firm declared a cash dividend of Rs. 20 per share for the fourth quarter, taking its total dividend payout for fiscal year 2026 to Rs. 70 per share.

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Sazgar Engineering's annual revenue rose 76 percent to Rs. 191.7 billion, backed by a 77 percent rise in four wheeler sales (Haval, GWM etc) to 19, 179 units.

Revenue for the fourth quarter jumped 181 percent YoY and 62 percent QoQ to Rs. 76.5 billion, with four-wheeler volumes reaching 6, 549 units, more than double the level recorded a year earlier. The firm sold around 1, 370 Tank units during the quarter.

Fourth quarter gross margin stood at 22.3 percent, compared with 25.1 percent in the same period last year. AHL attributed the decline mainly to a change in product mix and the impact of rupee depreciation. Govt Launches E-Pension Portal.

Distribution expenses rose 78 percent YoY to Rs. While fourth quarter distribution expenses rose 124 percent, mainly due to deliveries of the newly introduced Tank 500, 6.2 billion during fiscal year 2026.

Other income rose 96 percent annually to Rs. While fourth quarter other income rose 108 percent YoY to Rs, 2.7 billion. 667 million, which the brokerage attributed to higher deposits.

Finance costs rose 97 percent YoY to Rs. 454 million for fiscal year 2026, mainly due to higher long-term financing. Fourth quarter finance costs reached Rs. 153 million, up 5.3 times YoY and 50 percent QoQ.

Notably, the effective tax rate stood at 38.7 percent during the fourth quarter, compared with 38.9 percent in the same period last year. Stay Connected with ProPakistani.

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Taken together, the developments around haval, GWM Distributor Breaks Profit Record on Strong FY26 Sales point to a situation that is still moving, and the coming days should bring more clarity.