SML Isuzu's Profit in FY25 up by 12.7%
By Ankur Chandra | Updated at: May 31, 2025 07:30 PM IST

SML Isuzu Ltd. reported a steady financial performance for the fiscal year ended March 31, 2025, registering a 12.7% year-over-year (YoY) growth in net profit to ₹121.67 crore. The company also announced a final dividend of ₹18 per equity share (180%) for FY25, subject to shareholder approval.
Key Financial Highlights (Standalone)
| Particulars (₹ crore) | Q4 FY25 | Q3 FY25 | Q4 FY24 | FY25 | FY24 | YoY Growth (%) |
|---|---|---|---|---|---|---|
| Revenue from Operations | 771.38 | 331.80 | 679.60 | 2,398.99 | 2,195.93 | 9.2% |
| Total Income | 773.10 | 333.43 | 681.62 | 2,405.05 | 2,201.34 | 9.3% |
| Total Expenses | 701.96 | 332.68 | 631.22 | 2,242.67 | 2,094.89 | 7.1% |
| Profit Before Tax | 71.14 | 0.75 | 50.40 | 162.38 | 106.45 | 52.5% |
| Net Profit | 52.95 | 0.53 | 52.32 | 121.67 | 107.88 | 12.7% |
| EPS (₹) | 36.60 | 0.36 | 36.14 | 84.08 | 74.54 | 12.8% |
| Total Comprehensive Income | 51.71 | 0.46 | 53.52 | 120.23 | 107.64 | 11.7% |
Dividend Announcement
The Board has recommended a final dividend of ₹18 per share (180%), amounting to ₹26.05 crore for FY25.
Ownership Change & Open Offer
In a significant strategic move:
- Sumitomo Corp (43.96%) and Isuzu Motors (15%) have agreed to sell their combined 58.96% stake in SML Isuzu to Mahindra & Mahindra Ltd at ₹650/share.
- Mahindra has also initiated an Open Offer for an additional 26% equity at ₹1,554.60/share, representing a substantial premium.
Governance and Executive Changes
- Mr. M.S. Ramta, Executive Director (Works), will retire on 31 May 2025. Interim charge will be handled by:
- Mr. Sandeep Chandna – Production, HR & Plant Operations
- Mr. Vikas Sharma – R&D and Quality Assurance
- Appointment of M/s A. Arora & Co. as Secretarial Auditor for FY26–FY30 was approved.
Audit Outcome
The statutory auditors, Walker Chandiok & Co LLP, issued an unmodified opinion on the FY25 financial results, reaffirming compliance with SEBI LODR and Ind-AS standards.
Management Statement
“We’ve maintained profitability despite headwinds and ensured operational continuity through robust internal systems. The strategic developments signal a promising phase ahead,” said Yasushi Nishikawa, Managing Director & CEO.
Outlook
With Mahindra set to take control and a premium open offer on the table, investor interest in SML Isuzu is poised to rise. The company’s strong FY25 performance, cost controls, and consistent dividend strategy strengthen its fundamentals heading into FY26.
REF:https://nsearchives.nseindia.com/corporate/SMLISUZU_30052025141308_SMLOutcomeBM30052025singedPM_.pdf
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