SML Mahindra hits the floor as Q3 PAT slides 17% QoQ to Rs 18 cr

SML Mahindra hit a lower circuit of 5% at Rs 4,185.75 after the company?s standalone net profit tanked 16.67% to Rs 17.54 crore on a 2.85% decline in revenue from operations to Rs 539.27 crore in Q3 FY26 over Q2 FY26.

On a year-on-year (YoY) basis, the company?s standalone net profit surged 3,209.43%, while revenue from operations increased 62.53% in Q3 FY26.

Profit before tax (PBT) stood at Rs 23.52 crore in Q3 FY26, up 3,036% year-on-year (YoY).

Total expenses rose 55.5% to Rs 517.31 crore in Q3 FY26 over Q3 FY25. During the quarter, the cost of materials consumed stood at Rs 496.57 crore (up 45.59% YoY), while employee benefits expense was at Rs 59.17 crore (up 17.38% YoY).

SML Mahindra (formerly known as SML Isuzu) is primarily engaged in the business of the manufacture and sale of commercial vehicles and their parts.

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