| Element List |
Explanation |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is |
The increase in revenue is primarily driven by the overall growth in rental and lease fleet. Additionally, the consolidation of Autoworld during this period contributed to the lease revenue which was not present in the corresponding period of the previous year. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is |
The increase in net profit during the current quarter compared to the same quarter last year is mainly driven by higher revenues, improved operational efficiency, and stronger cost control measures. These factors led to improved gross and operating margins, despite the challenges, such as higher financing costs, increased depreciation from fleet expansion. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is |
The revenue for the current quarter compared to immediately preceding quarter is marginally high as increase in lease and rental revenue which is partly offset due to comparatively lower car sale proceeds due to volume and the mix of the vehicles sold. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is |
The reason of the increase in the net profit during the current quarter compared to the previous one is primarily due to higher lease income from an expanded fleet and comparatively marginally improved revenue. |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is |
The revenue increased mainly due to the growth of the lease fleet, which resulted in higher revenue. Additionally, Autoworld was consolidated into the group during this period, contributing lease revenue that was not present in the same period last year. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is |
The increase in net profit during the current period compared to the same period last year is primarily driven by strong revenue growth, enhanced operational efficiency, and effective cost management. These improvements resulted in better gross and operating margins, despite the challenges, such as higher financing costs, increased depreciation due to fleet expansion. |
| Statement of the type of external auditor's report |
Unmodified conclusion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) |
None |
| Reclassification of Comparison Items |
Certain comparative figures have been reclassified to conform with the current period presentation. |
| Additional Information |
For uniformity and year-on-year comparability, the Q2 2024 net profit has been replaced with Profit attributable to Shareholders of the Parent Company. |
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