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SML Mahindra Q2 Profit Plunges 43 Percent Despite Revenue Growth
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CNBC TV18•19-10-2026, 18:06
SML Mahindra Q2 Profit Plunges 43 Percent Despite Revenue Growth
- •SML Mahindra Ltd reported a 42.9 percent year-on-year fall in net profit to ₹12 crore for the September quarter compared to ₹21 crore a year ago.
- •Revenue from operations rose by 20.7 percent to ₹670 crore during the quarter from ₹555 crore in the same period last year.
- •EBITDA dropped 31 percent to ₹29 crore, and the EBITDA margin declined by 3.3 percentage points to 4.3 percent.
- •The proposed ₹525-crore acquisition of the truck and bus division from parent Mahindra & Mahindra is expected to be completed by January 31, 2027.
- •The company is currently assessing the financial impact of the new vehicle scrapping rules introduced in April 2025.
Key Questions Answered
SML Mahindra Ltd reported a 42.9% year-on-year drop in net profit to ₹12 crore for the September quarter compared to ₹21 crore the previous year, while revenue from operations grew by 20.7% to reach ₹670 crore.
SML Mahindra's proposed acquisition of the truck and bus division from its parent company, Mahindra & Mahindra Ltd, for ₹525 crore is expected to be completed on or before January 31, 2027.
SML Mahindra stated it cannot yet reliably estimate the financial impact of the Environment Protection (End-of-Life Vehicles) Rules, 2025, because key details like certificate pricing remain unfinalized, though the company continues to assess implementation frameworks.
