SML Isuzu Q1 Review - On A Recovery Path: Dolat Capital

BQ Prime’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 BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Dolat Capital Report.SML Isuzu Ltd. delivered strong numbers in Q1 led by favorable mix. Revenue stood at Rs 5 billion (up 46% QoQ) attributed to 34.6% QoQ growth in volume (3511 units) and 8.6 % QoQ increase in net average selling price. Bus to truck volume mix was in the ratio of 69:31. Bus market share has improved to 9.15% in Q1 and expect bus volume continue to show significant recovery. Given the recovery in economic activities, we believe the special application segment covering school, college, staff, ambulance etc. has immense growth prospects in the near and mid-term. Cargo segment volume is expected to show strong growth in FY23 led by increased requirements for last-mile transportation, especially from ecommerce segment. However, the increasing penetration of electric vehicles in the bus segment and rising competitive intensity are key threats for SML Isuzu..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime 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 author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

SML Isuzu Q1 Review - On A Recovery Path: Dolat Capital

SML Isuzu Q1 Review - On A Recovery Path: Dolat Capital

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