SML Isuzu on Thursday (1 April) said its total sales slumped 75.6% to 488 units in March 2020 from 2,003 units in March 2019.
On a month-on-month basis, total sales declined 44.48% in March 2020 compared with 879 units in February 2020.
Total sales witnessed a 42.1% drop to 2,479 units in Q4 March 2020 as against 4,282 units in Q4 March 2019.
On a standalone basis, the company reported a net loss of Rs 17.89 crore in Q3 December 2019 as against a net loss of Rs 14.80 crore posted in Q3 December 2018. Net sales declined 23.78% to Rs 176.52 crore in Q3 December 2019 over Q3 December 2018.
SML Isuzu is engaged in the business of manufacture of commercial vehicles and spares. The firm produces light and medium commercial vehicles.
Shares of SML Isuzu rose 1.80% to Rs 305.45 on 1 April 2020. BSE and NSE are shut today on account of Ram Navami.
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