AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Sazgar: Sazgar Engineering Works Limited (SAZEW) has reported robust growth in SUV sales, with earnings per share reaching Rs103.1 in the third quarter of FY25, marking a year-on-year increase of approximately 2.1 times. This surge has propelled the company’s earnings for the first nine months of FY25 to Rs212.7 per share, which is 2.4 times higher than the same period last year. The increase is primarily attributed to a significant rise in SUV sales, which have grown 2.5 times year-on-year.
During its recent analyst briefing, SAZEW management expressed confidence in the company’s growth trajectory, despite the anticipation of tariff reductions proposed in the FY26 budget. The management expects these reductions to be phased in gradually through FY30, and therefore, they do not foresee an immediate impact on local demand for their vehicles. The company anticipates that its volumes will continue to expand in line with the overall growth of the auto industry.
SAZEW has also adjusted the capital expenditure for its Rs11.5 billion expansion plan, which is primarily intended for establishing local manufacturing and assembly of New Energy Vehicles (NEVs). The rollout of these vehicles is anticipated in the latter part of FY26. In addition to local market efforts, SAZEW is focusing on export opportunities for its electric rickshaws, with Japan and Liberia currently identified as key export markets.
The company’s strategic initiatives highlight its commitment to expanding its footprint both domestically and internationally, as it continues to capitalize on the growing demand for SUVs and electric vehicles.