Mahindra Group-owned SML Mahindra Limited disclosed a 5.1% year-on-year decrease in its consolidated net profit to Rs 64 crore for the first quarter of FY27. This decline was from Rs 67 crore in the same quarter of the previous financial year. Despite this, revenue from operations surged by 13.2% year-on-year to Rs 957 crore in the April-June quarter compared to Rs 846 crore a year earlier.
Operating performance faced challenges as earnings before interest, taxes, depreciation, and amortization (EBITDA) dropped by 4.7% to Rs 100.1 crore from Rs 105 crore in the corresponding period. The EBITDA margin also contracted to 10.5% in the June quarter from 12.4% in the same quarter last fiscal year, as per the company’s filing.
In recent developments, SML Mahindra observed an increase in commercial vehicle production and domestic sales for June 2026, although exports saw a decline from the previous year. The company manufactured 1,587 commercial vehicles during the month, up from 1,546 units in June 2025. Domestic sales rose to 1,896 units from 1,807 units a year earlier, while exports decreased to 34 units from 64 units in the corresponding period.
The stock is presently trading at a trailing price-to-earnings (P/E) ratio of 36.93 based on its latest full-year earnings per share (EPS) of Rs 110.40. Starting the year 2026 at Rs 4,091.90, the stock surged in mid-February to surpass Rs 5,138 before retracing gains in the following months. It is currently priced at Rs 3,960.30, indicating a year-to-date decline of approximately 3.22%. Shares of SML Mahindra concluded Monday’s session at Rs 3,960.30 on the BSE, down Rs 116.25, or 2.85%.
