SML Isuzu share price rallies 7% on strong Q4 numbers; PAT at ₹27 cr, revenue up 70% YoY
Share price of commercial vehicle manufacturer, SML Isuzu rallied as the company went back to black with a Q4 PAT of ₹27 crore. In the top-line front, the company saw a strong growth.
PremiumCommercial vehicle manufacturer, SML Isuzu touched a new 52-week high on Monday amidst its fourth quarterly earnings for FY23. Q4 PAT came in at ₹26.79 crore as against a net loss of ₹11.42 crore in Q4FY22 and a loss of ₹0.13 crore in Q3FY23. The company recorded a strong growth across key parameters.
EBITDA stood at ₹43.2 crore in the quarter under review, as against meagre ₹1.7 crore in Q4 of FY22. EBITDA margins expanded sharply to 7.4% versus 0.5% in Q4 of previous fiscal.
Revenue from operations stood at ₹583.22 crore in Q4 of FY23, registering a growth of 70.35% from ₹342.35 crore in Q4FY22, and up by 77.95% compared to a profit of ₹327.75 crore in the December 2022 quarter.
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At the time of writing, SML Isuzu's share price traded at ₹1,090.60 apiece, up by ₹71.35 or 7% on BSE. The stock has hit a fresh 52-week high of ₹1,125 apiece earlier in the day.
For the full year FY23, the company came back to black with a PAT of ₹19.83 crore versus a loss of ₹99.76 crore in FY22. Revenue nearly doubled to ₹1,821.59 crore as against ₹924.17 crore.
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Established in 1983, SML Isuzu is a commercial vehicle manufacturer with products ranging from buses, ambulances, and customized vehicles.
SML Isuzu's shares have made significant growth in the past year. Its monthly upside is over 12% on BSE, while half-yearly gains are over 51%. So far in 2023, SML Isuzu's share price has rallied by nearly 36%.
In a year, the stock has jumped by a whopping nearly 87% on BSE.
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