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BOM:505192

5 stories mentioning BOM:505192Updated 12d ago

Every FINWIRES story that references BOM:505192, newest first.

Asia

Mahindra & Mahindra to Sell Truck & Bus Business to SML Mahindra for INR5.25 Billion

Mahindra & Mahindra (NSE:M&M, BOM:500520) approved the transfer of its truck and bus division to subsidiary SML Mahindra (NSE:SMLMAH, BOM:505192) for 5.25 billion Indian on a slump sale basis.The transaction will involve the transfer of the business undertaking, including employees, assets, intellectual property, contracts, licenses and liabilities, under a business transfer agreement expected to be executed by Aug. 7, according to an Indian bourse filing on Wednesday.The proposed sale is expected to be completed by Jan. 31, 2027.SML Mahindra jumped over 20% in after-market hours while Mahindra & Mahindra fell nearly 2%.

BOM:500520BOM:505192NSE:M&MNSE:SMLMAH
Asia

SML Mahindra's May Sales Rise 15%

Automobile manufacturer SML Mahindra's (NSE:SMLMAH, BOM:505192) total sales rose 15% to 1,767 units in May from 1,543 units sold a year ago, according to a Monday filing to the Indian stock exchanges.Passenger vehicle sales jumped 26% year on year in the reported month to 1,423 units, while cargo vehicle sales fell 17% to 344 units.The company's shares were down over 2% in recent trade.

BOM:505192NSE:SMLMAH
Asia

SML Isuzu's Total Commercial Vehicle Sales Rise in April

SML Isuzu's (NSE:SMLMAH, BOM:505192) total commercial vehicle sales in April rose to 1,711 units from 1,492 units sold a year ago, according to a Friday filing to the Indian stock exchanges.Exports in the month grew to 30 units from 20 units in the previous year, while production was up at 1,588 units from 1,529 units.The company's shares were down over 1% in recent trade.

BOM:505192NSE:SMLMAH
Asia

SML Mahindra's April Sales Rise 15% to 1,741 Units

Automobile manufacturer SML Mahindra's (NSE:SMLMAH, BOM:505192) total sales rose 15% to 1,741 units in April from 1,512 units sold a year ago, according to a Friday filing to the Indian stock exchanges.Passenger vehicle sales were up 19% year on year in the reported month to 1,331 units, while cargo vehicle sales rose 5% to 410 units.

BOM:505192NSE:SMLMAH
Asia

SML Mahindra's Fiscal Q2 Net Profit Rises; Shares Plummet 7%

SML Mahindra (NSE:SMLISUZU, BOM:505192), formerly SML Isuzu, recorded an increase in its net profit to 542.0 million Indian rupees in the fiscal fourth quarter, from 529.5 million rupees a year ago, according to an Indian bourse filing on Monday.Shares of the company fell over 7% in Tuesday's trade.Earnings per share during the quarter ended March 31 climbed to 37.46 rupees from the year-ago figure of 36.60 rupees.Revenue from operations in fiscal Q4 increased to 8.98 billion rupees from 7.71 billion rupees a year earlier.The company also declared a final dividend of 23.50 rupees per share for the financial year ended March 31.

BOM:505192NSE:SMLISUZU

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