SML Isuzu surges ~1% on strong YTD numbers in February 2022

2 Mar 2022 , 12:07 PM

SML Isuzu Ltd. reported a 6.1% yoy decline in total sales at 714 units during February 2022 against 760 units in February 2021.

SML Isuzu Ltd. reported cargo vehicles sales of 567 units for the month of February 2022 against 627 units in February 2021, recording a downside of 9.6% yoy. While its passenger vehicle sales stood at 147 units during February 2022 as against 133 units during February 2021, up by 10.5% yoy.

Cumulative cargo vehicles sales for the period April-Feb’22 stood at 4,602 units against 3,268 units in the previous corresponding period, registering a growth of 40.8% yoy.

Passenger vehicle sales registered the highest growth of 73.40% yoy at cumulative 1,427 units for the 11-month period ended February 2022, against 823 units in 11 months ended FY20-21.

Post this development, SML Isuzu so far gained 1.19% at Rs513.95, against its previous closing price of Rs507.90 on NSE. It touched the intraday high and low of Rs529.85 and Rs509.80 respectively.