SML Mahindra reported a rise in total income for the first quarter ended June 30, 2026, while net profit declined year-on-year. Total income for Q1FY27 stood at ₹958.73 crore, compared to ₹847.95 crore in the corresponding period of the previous year. Net profit for the quarter decreased to ₹63.62 crore from ₹66.96 crore in Q1FY26. The Board of Directors approved the unaudited financial results on July 20, 2026.

Financial Performance

The company's financial results for the quarter ended June 30, 2026, were prepared in accordance with Indian Accounting Standard 34. The figures for the quarter ended March 31, 2026, are balancing figures between audited annual results and published year-to-date figures up to the third quarter.

Earnings Per Share

Basic and diluted earnings per share (EPS) for the quarter stood at ₹43.96, down from ₹46.27 in the same quarter of the previous year. For the year ended March 31, 2026, the EPS was recorded at ₹110.39.

SML Mahindra Limited reported a 5% year-on-year increase in total sales for June 2026, reaching 1,896 units compared to 1,807 units in the previous year. The company's production for the month also improved, rising to 1,587 units from 1,546 units in June 2025. The growth in sales was driven by the commercial vehicles segment, which constitutes the company's primary business operations. However, exports for the month declined to 34 units from 64 units recorded in the same period of the prior year.

Production and Sales Performance

The commercial vehicles segment recorded sales of 1,896 units in June 2026, up from 1,807 units in the corresponding period of the prior year, reflecting a 5% year-on-year improvement. Production figures for this segment stood at 1,587 units for June 2026, compared to 1,546 units in June 2025, indicating steady operational output. While domestic sales momentum remained positive, exports witnessed a notable decline during the period.

Operational Data: June 2026

The following table details the production, sales, and export figures for SML Mahindra Limited for the month of June 2026:

Regulatory Disclosure

The disclosure was submitted to the stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Parvesh Madan, Company Secretary & Compliance Officer, signed the filing on behalf of SML Mahindra Limited.