Name: Latest research reports of SML Isuzu Ltd. authored by Dolat Capital and published by - Trendlyne research reports.
Item: SML Isuzu Ltd.
Rating: 1
Author: Dolat Capital

SML Isuzu

Sell: SML Isuzu Ltd.

Target

Dolat Capital

SML Isuzu reported a dismal performance in Q1FY20. Revenue stood at Rs 287mn (-94% YoY) attributed to sharp 95% fall in volume (202 units) offset by increase in net ASP because of better spare parts revenue. Bus to Truck volume mix was in ratio of 44:56 with market share of 7.8% in the bus segment. EBITDA loss stood at Rs 357mn attributable to high RM costs and negative operating leverage. The company reported net loss of Rs...