Integrated Filing — IndAS



General information about company
Scrip Code 505192
NSE Symbol SMLISUZU
MSEI Symbol NOTLISTED
ISIN INE294B01019
Name of company SML ISUZU LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2025
Date of end of financial year 31-Mar-2026
Date of board meeting when results were approved 22-Jul-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 08-Jul-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter First quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended
Segment Reporting Single segment
Description of single segment COMMERCIAL VEHICLE
Start date and time of board meeting 22-Jul-2025   11:30:00
End date and time of board meeting 22-Jul-2025   12:50:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable
Whether the company has any related party?
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure.
Whether the company is a high value debt listed entity according to regulation 15 (1A)?
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company?
Latest Date on which RPT policy is updated
Indicate Company website link for updated RPT policy of the Company
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
Not applicable



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2025
B Date of end of reporting period 30-Jun-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Standalone
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 8458900000
Other income 20600000
Total income 8479500000
2 Expenses
(a) Cost of materials consumed 5703200000
(b) Purchases of stock-in-trade 262200000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 460800000
(d) Employee benefit expense 579700000
(e) Finance costs 50900000
(f) Depreciation, depletion and amortisation expense 124300000
(f) Other Expenses
1 Other Expenses 402900000 402900000
Total other expenses 402900000
Total expenses 7584000000
3 Total profit before exceptional items and tax 895500000
4 Exceptional items 0
5 Total profit before tax 895500000
6 Tax expense
7 Current tax 242200000
8 Deferred tax -16300000
9 Total tax expenses 225900000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0
11 Net Profit Loss for the period from continuing operations 669600000
12 Profit (loss) from discontinued operations before tax 0
13 Tax expense of discontinued operations 0
14 Net profit (loss) from discontinued operation after tax 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0
16 Total profit (loss) for period 669600000
17 Other comprehensive income net of taxes -4000000
18 Total Comprehensive Income for the period 665600000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 144800000
Face value of equity share capital 10
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 46.27
Diluted earnings (loss) per share from continuing operations 46.27
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0
Diluted earnings (loss) per share from discontinued operations 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 46.27
Diluted earnings (loss) per share from continuing and discontinued operations 46.27
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results
Textual Information(1) 1tThe above unaudited results were reviewed by the Audit Committee on 21 July 2025 and approved by the Board of Directors in their meeting held on 22 July 2025. The unaudited results for the current quarter, have been subjected to limited review by the Statutory Auditors of the Company. The unmodified review report of the Statutory Auditors is being filed with the BSE and National Stock Exchange Limited. For more details on the unaudited results, visit disclosure section of our website at www.smlisuzu.com and Financial Results in Corporates section of www.nseindia.com and www.bseindia.com. nttttt n2tThe above financial results have been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, Interim Financial Reporting Ind AS 34, prescribed under section 133 of the Companies Act, 2013 the Act, and other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of Regulation 33 of the Listing Regulations, including relevant circulars issued by the SEBI from time to time. nttttt n3tThe Company is primarily engaged in the business of manufacturing of commercial vehicles and related components which constitutes a single business segment and accordingly, disclosure requirements of Ind AS 108, Operating Segments are not required to be given. As defined in Ind AS 108, the Chief Operating Decision Maker CODM, i.e. the Board of Directors, evaluates the performance of the Company and allocates resources based on the analysis of the various performance indicators of the Company as a single unit. nttttt n4tThe figures for the quarter ended 31 March 2025, as reported in these financial results, are the balancing figures between audited figures in respect of the full financial year and the published year to date figures upto the end of third quarter of the relevant financial year. Also, the figures upto the end of the third quarter had only been reviewed and not subjected to audit. nttttt n5tOn 26 April 2025, Sumitomo Corporation, Japan Promoter shareholder and Isuzu Motors Limited, Japan Public shareholder entered into Share Purchase Agreements with Mahindra & Mahindra Limited Acquirer, whereby they agreed to sell 63,62,306 equity shares representing 43.96% of the equity share capital of the Company and 21,70,747 equity shares representing 15.00% of the equity share capital of the Company respectively, of face value of Rs.10 each, at a price of Rs. 650 per share. ntFurther, on 5 May 2025, the Acquirer published a Detailed Public Statement to the public shareholders announcing the Open Offer for acquisition of upto 37,62,628 fully paid equity shares of face value of Rs.10 each, representing 26% of the equity share capital of the Company, at a price of Rs. 1,554.60 per share. ntThe Acquirer has received unconditional approval from the Competition Commission of India CCI for the said acquisition and the Open Offer on 17 June 2025. The transaction remains subject to the completion of other customary conditions precedent. nttttt n6tDuring the year ended 31 March 2025 and quarter ended 30 June 2025, the Company received anonymous complaints alleging that some employees may have financial dealings with specific dealers. The Company, on the directions of Audit Committee, appointed an external expert for carrying out a factbased review, who submitted their report to the Audit Committee and the Audit Committee further appointed a subcommittee of two independent directors subcommittee to look into all aspects and conclude the matter. Based on findings of the expert and the subcommittee, there is no substantiated evidence of financial impropriety or fraud against the Company. Accordingly, management has concluded that there is no impact on the accompanying financial results of the Company. nttttt n7tThe CEO and CFO have certified these results under Regulation 332 of SEBI LODR Regulations, 2015. n8tPrevious period figures have been regrouped or reclassified wherever necessary, to confirm to current periods classification.t n n



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2025
Date of end of reporting period 30-Jun-2025
Whether accounts are audited or unaudited Unaudited
Nature of report standalone or consolidated Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2025
B Date of end of reporting period 30-Jun-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurement gains / (losses) gains on defined benefit plans -5300000 -5300000
Total Amount of items that will not be reclassified to profit and loss -5300000
2 Income tax relating to items that will not be reclassified to profit or loss -1300000
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0
5 Total Other comprehensive income -4000000