SML Mahindra ends lower as October sales decline 4% YoY

SML Mahindra declined 4.14% to settle at Rs 5,182 after the company?s sales declined 3.72% to 958 units in October 2026 compared with 995 units sold in October 2025.

The company's commercial vehicle production rose 13.52% to 1,369 units in October 2026, compared with 1,206 units in the corresponding month last year.

Exports increased significantly to 107 units during the month, compared with 64 units in the corresponding period last year, registering a growth of 67.19%.

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

The company's profit after tax (PAT) declined 44.42% year-on-year (YoY) and 81.61% quarter-on-quarter (QoQ) to Rs 11.70 crore in Q2 FY27. Net sales rose 20.66% YoY but declined 30.05% QoQ to Rs 669.79 crore during the quarter.

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