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This Article is From Nov 09, 2020

Dolat Capital: SML Isuzu’s Weak Performance Continues In Q2

Dolat Capital: SML Isuzu’s Weak Performance Continues In Q2
Cabins for Isuzu NPR N-Series trucks stand on the assembly line inside the Isuzu East Africa Ltd. plant in Nairobi, Kenya (Photographer Luis Tato/Bloomberg)

BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Dolat Capital Report

SML Isuzu Ltd. reported a dismal performance in Q2 FY21.

Revenue stood at Rs 1.2 billion (down 49% YoY) attributed to 54% YoY decline in volume (987 units) offset by 12% YoY increase in net average selling price due to higher spare parts revenue and increase in vehicle prices.

Bus to truck volume mix was in ratio of 24:76 with market share of 5% in the bus segment.


Company reported Ebitda loss of Rs 184 million versus (loss of Rs147 million in Q2 FY20) attributable to negative operating leverage.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

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