SML Isuzu , formerly known as SML Isuzu Limited, has reported a robust financial performance for the half year ended September 30, 2025. The company, which recently underwent a significant ownership change, has shown impressive growth in both revenue and profitability.

Financial Highlights

The company's revenue from operations for the half year stood at ₹1,401.00 crore, marking an 8.12% increase from ₹1,295.81 crore in the same period last year. More notably, the profit for the half year surged to ₹88.01 crore, representing a significant 29.07% growth compared to ₹68.19 crore in the previous year.

Quarterly Performance

For the quarter ended September 30, 2025, SML Isuzu reported a profit of ₹21.05 crore. While this shows a slight decrease from ₹21.80 crore in the same quarter last year, it's important to note the overall half-yearly growth trend.

Corporate Developments

The company has undergone a major transformation recently:

1. Ownership Change: On August 1, 2025, Mahindra & Mahindra Limited acquired a 58.96% equity stake in the company, making SML Isuzu its subsidiary.

2. Name Change: Effective October 8, 2025, the company's name was changed from SML Isuzu Limited to SML Mahindra Limited, reflecting the new ownership structure.

Credit Rating Upgrade

In a separate announcement, ICRA Limited has upgraded SML Isuzu's long-term credit rating from [ICRA] AA- to [ICRA] AA+ with a stable outlook. This upgrade reflects the expected improvement in the company's credit profile, supported by Mahindra & Mahindra's ownership and control. ICRA anticipates that SML will benefit from operational synergies with M&M across various business functions, potentially strengthening its earnings trajectory.

Looking Ahead

With the backing of Mahindra & Mahindra and a strong financial performance, SML Isuzu appears well-positioned for future growth. The company's established presence in the school and executive bus segments, combined with potential synergies from its new parent company, may contribute to an improved earnings profile in the coming quarters.

Investors and stakeholders will likely keep a close eye on how the company leverages its new relationship with Mahindra & Mahindra to drive further growth and operational efficiencies in the competitive commercial vehicle market.

SML Isuzu , a prominent player in the commercial vehicle sector, has reported a decline in its September sales figures while maintaining positive year-to-date growth. The company's latest disclosure to the stock exchanges provides insights into its performance across different vehicle categories.

September Sales Performance

SML Isuzu's total vehicle sales for September stood at 950 units, marking a 10% decrease from the 1,055 units sold in September of the previous year. The decline was observed across both major segments:

• Cargo Vehicles: Sales dropped by 9% to 370 units, compared to 407 units in the previous year.
• Passenger Vehicles: A more pronounced decline of 10% was seen, with sales falling to 580 units from 648 units in the same period last year.

Year-to-Date Growth

Despite the September setback, SML Isuzu's performance for the first half of the financial year (April-September) shows resilience:

• Total Sales: Reached 8,145 units, a 7% increase from 7,627 units in the same period last year.
• Cargo Vehicles: Demonstrated strong growth with a 29% increase to 2,422 units, up from 1,879 units.
• Passenger Vehicles: Remained relatively stable with 5,723 units sold, compared to 5,748 units in the previous year, showing a marginal growth of 0.4%.

Performance Overview

Upcoming Financial Results

In a separate announcement, SML Isuzu has informed that its Board of Directors is scheduled to meet on October 18 to consider and approve the unaudited financial results for the second quarter and half-year ending September 30. As per regulatory requirements, the company has also declared a closure of the trading window for designated persons from October 1 to October 21.

The contrasting monthly and year-to-date performances highlight the dynamic nature of the commercial vehicle market. While September sales indicate some challenges, the overall growth in the first half of the fiscal year, particularly in the cargo vehicle segment, suggests underlying strength in SML Isuzu's market position.