Revenue was the quarter stood at ₹846 crore in the first quarter, which was up 13.4% from ₹746 crore it reported during the June quarter of the previous fiscal.
The company reported earnings before interest, taxes, depreciation and amortisation (EBITDA) of ₹105 crore in the quarter under review. This was 15% higher than the previous fiscal’s ₹80.8 crore.Its margin expanded to 12.4% from 10.8% in the year-ago period.
On April 26, 2025, the company’s promoters Sumitomo and Isuzu agreed to divest 59% of their stake to Mahindra & Mahindra for ₹650 per share. The deal is expected to be completed by December 31, 2025.On May 5, M&M launched an open offer to acquire additional 26% stake in the company at ₹1,554.6 per share. The Competition Commission of India (CCI) approved M&M’s plan to buy promoter stake and open offer on June 17.
Since the announcement of the acquisition, shares of SML Isuzu are up 108%. From the Open Offer price, the stock is up 138%.
The company mainly manufactures light and medium commercial vehicles. Its facility is in Shahid Bhagat Singh Nagar in Punjab.
Shares of SML Isuzu hit 10% upper circuit of ₹3,685.1 apiece on Tuesday, July 22. The stock has gained 163% in 2025 and is up 110% from the day its M&M deal was announced.
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