AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: Hub Power Company Ltd (HUBC) is positioning itself for future growth, driven by the burgeoning electric vehicle (EV) market. In its latest projections, HUBC expects to report a net profit after tax (NPAT) of PkR12.1 billion, equating to earnings per share (EPS) of PkR9.34 for the first quarter of fiscal year 2026, marking a 37% decline year-over-year.
The company is optimistic about the long-term prospects of its investment in BYD’s newly launched EV segment. HUBC anticipates this venture will significantly bolster its profitability. Contributions from the EV segment are expected to rise to 5% and 7% in fiscal years 2026 and 2027, respectively, through its associate company, Mega Motors Ltd.
HUBC plans a gradual increase in EV production, targeting 500 units per month in fiscal year 2026 and doubling that to 1,000 units per month in fiscal year 2027. This expansion is driven by growing consumer acceptance and the availability of financing options.
AKD Securities Limited, in its analysis, has revised its target price for HUBC to PkR194 per share by June 2026. The dividend yield for fiscal year 2026 is forecasted at 6.5%. Despite these positive indicators, the investment stance on HUBC has been adjusted to ‘Neutral’.