SML Isuzu rose 1.51% to Rs 1,149 after the firm said that it has received order from the Department of Military Affairs under the Ministry of Defence worth Rs 24.71 crore for the supply of a BS VI, 4-wheel drive troop carrier with 20 seats.
According to an exchange filing, the order has been awarded post-normal GEM tender process with standard business prudent norms, terms, and conditions. There are no adverse terms (or) conditions under the contract.
The delivery of 114 units, valued at a total consideration of Rs. 24.71 crores, is expected to be completed within the time period of 11 March 2025 to 9 July 2025.
SML Isuzu is primarily engaged in the business of the manufacture and sale of commercial vehicles and their parts.
The company had reported an 80.2% decline in net profit to Rs 0.53 crore on a 14.1% decrease in net sales to Rs 331.80 crore in Q3 FY25 over Q3 FY24.
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