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Strong sales in September boosts SML Isuzu

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Capital Market
Last Updated : Oct 06 2015 | 12:01 AM IST

SML Isuzu surged 5.09% to Rs 1,306.05 at 12:31 IST on BSE after the company said that its total sales rose 19.44% to 1,032 units in September 2015 over September 2014.

The company announced the monthly sales volume data after market hours on Thursday, 1 October 2015.

Meanwhile, the S&P BSE Sensex was up 375.98 points or 1.43% at 26,596.93.

On BSE, so far 81,000 shares were traded in the counter as against average daily volume of 43,418 shares in the past one quarter.

The stock hit a high of Rs 1,346.35 and low of Rs 1,273 so far during the day. The stock had hit a record high of Rs 1,670 on 8 April 2015. The stock had hit a 52-week low of Rs 755 on 1 October 2014.

The stock had outperformed the market over the past one month till 1 October 2015, gaining 11.6% compared with Sensex's 2.04% rise. The scrip had also outperformed the market in past one quarter, surging 9.46% as against Sensex's 6.42% fall.

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The small-cap commercial vehicles manufacturer has equity capital of Rs 14.47 crore. Face value per share is Rs 10.

SML Isuzu's net profit rose 24.1% to Rs 29.06 crore on 13.3% growth in net sales to Rs 381.24 crore in Q1 June 2015 over Q1 June 2014.

SML Isuzu is a commercial vehicle manufacturer. Sumitomo Corporation, Japan and Isuzu Motors, Japan respectively held 43.96% and 15% stake in SML Isuzu (as per the shareholding pattern as on 30 June 2015).

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First Published: Oct 05 2015 | 12:33 PM IST

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