SML Isuzu Reports 44% Profit Growth in Q1 FY26, Revenue Up by 13%

Key Highlights

• Q1 FY26 profit rose by 44% to ₹66.96 crore.

• Revenue grew 13% to ₹845.89 crore.

• EPS increased to ₹46.27 from ₹32.06.

• Expenses rose to ₹758.40 crore, with material costs up to ₹570.32 crore.

• Mahindra to acquire 58.96% stake, CCI approved the deal in June 2025.

SML Isuzu Limited has delivered a strong financial performance for the first quarter of the financial year 2025-26, ending on June 30, 2025. The company reported a 44% increase in net profit and a 13% growth in revenue compared to the same period last year.

₹66.96 Crore Profit in Q1 FY26

In Q1 FY26, the company recorded a net profit of ₹66.96 crore. This is a significant rise from ₹46.39 crore in the first quarter of FY25. This 44% increase highlights SML Isuzu’s strong position and steady growth in the commercial vehicle segment.

Revenue Growth of 13%

The revenue from operations in Q1 FY26 increased to ₹845.89 crore, up from ₹746.01 crore in Q1 FY25. The total income of the company also rose to ₹847.95 crore from ₹747.26 crore in the same period last year.

Rise in Expenses but Profit Stays Strong

SML Isuzu also saw an increase in expenses. Total expenses grew to ₹758.40 crore in Q1 FY26, compared to ₹685.30 crore in the previous year’s same quarter. A major part of this was the rise in the cost of materials consumed, which increased to ₹570.32 crore from ₹483.12 crore.

Despite the increase in spending, the company managed to maintain strong profit margins, showing efficient cost management and increased sales.

EPS Rises Sharply

Earnings per share (EPS)for the quarter rose to ₹46.27, compared to ₹32.06 in Q1 FY25. This increase is a positive sign for shareholders and indicates better returns on their investment.

The financial results were approved by the Board of Directors during a meeting held in Chandigarh on July 22, 2025. The meeting began at 11:30 AM and concluded at 12:50 PM.

Company Overview and Location

SML Isuzu is known for manufacturing commercial vehicles, including trucks and buses. Its operations are based in Punjab, with the head office located in Village Asron, District Shahid Bhagat Singh Nagar.

Ownership Changes in Progress

Apart from strong financial results, SML Isuzu is currently undergoing major ownership changes:

• In April 2025, Japan’s Sumitomo Corporation and Isuzu Motors signed a deal to sell their 58.96% stake in the company to Mahindra & Mahindra.

• The deal was valued at ₹650 per share.

• Following this, Mahindra & Mahindra launched an open offer in May to acquire an additional 26% stake at ₹1,554.60 per share.

• This ownership transaction received approval from the Competition Commission of India (CCI) on June 17, 2025.

These developments suggest a new phase for the company, possibly bringing strategic changes under Mahindra's leadership.

Also Read: Supreme Court: LMV License Valid for Commercial Vehicles Under 7500 Kg

CMV360 Says

SML Isuzu has started FY26 on a strong note with a 44% increase in profit and a 13% growth in revenue. Even with rising costs, the company maintained profitability. Alongside this, major ownership changes are expected to shape the company’s future as Mahindra & Mahindra moves toward taking control.