Ghandhara Nissan Limited is a group Company of Bibojee Services (Pvt.) Limited. The Company was incorporated in 1981 as a Private Limited Company having the sale licensee for the distribution of Nissan vehicles in CBU condition in Pakistan, later in 1992 it was converted in to a Public Company listed in Karachi Stock Exchange.
GNL has Technical Assistance Agreement with Nissan Motor Co. Japan and joint Venture Agreement with Nissan Diesel Co. Japan for the progressive Assembly of Passenger Cars, Light Commercial Vehicles and Heavy Duty Vehicles. GNL’s Car and Truck Plants are located at Port Qasim adjacent to each other.
It is the only Automobile Company in the country assembling complete range of product i.e. passengers cars, light commercial vehicles and heavy-duty trucks and buses.
Result Review: GHNL registered PAT of Rs 201.81 million with an EPS of Rs 4.48 in 3QFY15 against PAT of Rs 66.22 million translate into EPS of RS 1.47 in same period last year, up by gigantic 204.7% YoY. GM of the company clocked in at 21.17% in 3QFY15 as compared to 18.52% in same period last year, expanded courtesy to weaker Yen. Finance cost of the GHNL stood at Rs 23.12 million against 1.03 million. Other expenses of the company registered growth of 80.5% to clock in at Rs 21.54 million against Rs 11.93 million in same period last year. On cumulatively, PAT of GHNL clocked in at Rs 281.48 million (EPS: Rs 6.25) in 9MFY15 as compared to PAT of Rs 95.35 million (EPS: 2.12), increased by 194.8% YoY.