SML Mahindra’s September-quarter profit falls to Rs. 11.70 crore
As filed · SML Mahindra Limited has informed the Exchange regarding Outcome of Board Meeting held on October 19, 2026 for unaudited Financial results for the quarter and half year ended on September 30, 2026
What happened
FactSML Mahindra reported unaudited revenue from operations of Rs. 669.79 crore and profit for the period of Rs. 11.70 crore for the quarter ended 30 September 2026. For the half year ended 30 September 2026, revenue from operations was Rs. 1,627.33 crore and profit was Rs. 75.32 crore.
Why it matters
CapitSignal interpretationReported results are the point at which prior management commitments become checkable against audited or reviewed numbers.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Demand
RevisedCargo Vehicles 3621 April-February 2024-25 vs 3726 April-February 2023-24, % Change -2.8%
Passenger Vehicles 8285 April-February 2024-25 vs 8203 April-February 2023-24, % Change 1.0%
Change
FactImplication
CapitSignal interpretationDemand
RevisedCargo Vehicles 468 February 2024-25 vs 406 February 2023-24, % Change 15.3%
Passenger Vehicles 820 February 2024-25 vs 604 February 2023-24, % Change 35.8%
Change
FactImplication
CapitSignal interpretationMarket Share
RevisedIn terms of market share, we had a 20 basis point increase YOY in terms of cargo vehicles and 80 basis point for passenger vehicles.
So, passenger vehicles, which we are SML Mahindra is already quite strong and it's already #3 player in ILCV segment.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Margin trend against the prior period
- Cash from operations against reported profit
- Whether prior guidance is reaffirmed
- So, we are very much in track with our long-term aspiration, which was declared at the time of announcing the (management committed by FY31)
- Out of 150 such setups, 70 have already been operational, and another 80 will be operational by the end of thi (management committed by Q4 FY26)
Evidence
- SML Mahindra Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026.(opens the original filing in a new tab)
- Earlier statement · FY25
- Latest statement · FY25
- Earlier statement · FY25
- Latest statement · FY25
- Earlier statement · Q4 FY26
- Latest statement · Q4 FY26
How CapitSignal classified this
- Reasoning:
- Quarterly profit was lower than Rs. 21.05 crore in the quarter ended 30 September 2025, while revenue was higher than Rs. 555.11 crore. Half-year profit of Rs. 75.32 crore was below Rs. 88.01 crore in the corresponding prior-year half year.
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 90%