Mumbai, Oct 19 (SocialNews.XYZ) SML Mahindra Limited on Monday reported a 43 per cent year-on-year (YoY) decline in net profit for the September quarter (Q2 FY27), as margin pressures weighed on earnings despite a robust increase in revenue.
The commercial vehicle manufacturer posted a net profit of Rs 12 crore for the quarter, compared with Rs 21 crore in the corresponding period last financial year (Q2 FY26), according to its stock exchange filing.
Revenue, however, rose 21 per cent year-on-year to Rs 670 crore from Rs 555 crore, as per its filing.
Operating performance remained under pressure during the quarter. Earnings before interest, tax, depreciation and amortisation (EBITDA) fell 31 per cent year-on-year to Rs 29 crore from Rs 42 crore.
Consequently, EBITDA margin contracted by 330 basis points to 4.3 per cent from 7.6 per cent a year earlier.
Formerly known as SML Isuzu Limited, the company was renamed SML Mahindra Limited after Mahindra & Mahindra acquired a controlling 58.96 per cent stake in August 2025 from Sumitomo Corporation and Isuzu Motors.
The company, headquartered in Chandigarh, manufactures a range of commercial vehicles including light and medium-duty trucks, buses, ambulances, police personnel carriers and other specialised vehicles from its manufacturing facility in Punjab's Nawanshahar.
SML Mahindra is also working to strengthen its position in the commercial vehicle segment through the proposed acquisition of Mahindra & Mahindra's Truck and Bus Division (MTBD) for Rs 525 crore.
The transaction, expected to be completed by January 2027, is aimed at creating a unified commercial vehicle business under the company.
In addition to expanding its product portfolio, SML Mahindra has been undertaking sustainability initiatives, including the adoption of solar power and lower-carbon energy sources such as piped natural gas (PNG) across its operations.
Source: IANS
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz