SML Isuzu Posts ₹669.6 Million Profit in Q1 FY26, Margins Hold Steady Despite Sequential Revenue Dip

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SML Isuzu Ltd has reported consolidated revenue of ₹8.46 billion and net profit of ₹669.6 million for the quarter ended June 2025. While revenue saw a slight dip from the previous quarter, the company maintained healthy profitability, reflecting operational discipline and sustained demand in the commercial vehicle segment.

Key Highlights:

Revenue from operations stood at ₹8.46 billion, down marginally from ₹8.63 billion in Q4 FY25.
Net profit came in at ₹669.6 million, compared to ₹717.4 million in the previous quarter, indicating stable margins despite softer topline.
The company continues to benefit from strong demand in light and medium commercial vehicles, particularly in rural and semi-urban markets.

Operational Context:

SML Isuzu’s Nawanshahr plant maintained high utilization levels, supported by steady order inflows and export traction.
The company has been focusing on product upgrades and fuel-efficient models to meet evolving regulatory and customer requirements.
Inventory management and cost controls helped offset input cost pressures, preserving EBITDA margins.

Strategic Outlook:

SML Isuzu is expected to benefit from infrastructure-led demand and fleet replacement cycles in H2 FY26.
The company is also exploring new partnerships and technology collaborations to enhance its EV and alternative fuel portfolio.
Analysts remain cautiously optimistic, citing stable fundamentals and potential upside from strategic stake acquisition talks involving Mahindra & Mahindra.

Sources: Moneycontrol, Economic Times Auto, BSE Corporate Filings (July 2025)