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Q2 Results: SOBHA and SML Mahindra Post Earnings With Higher Revenue But Sharp Profit Decline
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CNBC Awaaz•19-10-2026, 17:58
Q2 Results: SOBHA and SML Mahindra Post Earnings With Higher Revenue But Sharp Profit Decline
- •Real estate company SOBHA reported a decline in consolidated net profit to 33 crore rupees.
- •SOBHA's consolidated revenue dropped from 1,408 crore rupees to 967 crore rupees.
- •SML Mahindra saw its net profit fall by 42.9 percent year-on-year to 12 crore rupees.
- •SML Mahindra's revenue increased by 20.7 percent to 670 crore rupees compared to the previous year.
Key Questions Answered
Real estate company SOBHA reported a consolidated net profit drop to ₹33 crore compared to ₹73 crore in the previous year, while its consolidated revenue dropped from ₹1,408 crore to ₹967 crore. Additionally, its EBITDA fell to ₹69 crore, though its EBITDA margin saw an improvement, rising to 7.1%.
SML Mahindra's net profit fell by 42.9% year-on-year to ₹12 crore down from ₹21 crore in the same quarter last year. However, the commercial vehicle company's revenue increased by 20.7% to reach ₹670 crore compared to ₹555 crore a year ago.
SML Mahindra's EBITDA fell by 31% to ₹29 crore, down from ₹42 crore in the corresponding quarter of the previous year. Furthermore, the company's EBITDA margin declined from 7.6% to 4.3%.
