SML Isuzu slips on reporting weak August sales

SML Isuzu declined 2.01% to Rs 787.10 at 12:18 IST on BSE after the company's sales fell 19.35% to 642 vehicles in August 2014 over August 2013.

The sales figures were announced after market hours on Wednesday, 3 September 2014.

Meanwhile, the BSE Sensex was down 124.81 points or 0.48% at 27,015.13.

On BSE, so far 11,741 shares were traded in the counter, compared with an average volume of 12,137 shares in the past one quarter.

The stock hit a high of Rs 819.95 and a low of Rs 765.10 so far during the day. The stock hit a record high of Rs 879.20 on 1 September 2014. The stock hit a 52-week low of Rs 219.90 on 14 November 2013.

The mid-cap company has an equity capital of Rs 14.47 crore. Face value per share is Rs 10.

SML Isuzu's net profit jumped 129.4% to Rs 23.42 crore on 19% rise in sales to Rs 336.46 crore in Q1 June 2014 over Q1 June 2013.

SML Isuzu is a commercial vehicle manufacturer. It has over 25 years of experience in producing Light & Medium commercial vehicles.

Sumitomo Corporation, Japan and Isuzu Motors, Japan respectively hold 43.96% and 15% shareholding in the company as at 30 June 2014.

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