SML Mahindra reported a 44.4 percent year-on-year decline in net profit to Rs 11.70 crore for Q2FY27. The company had posted a net profit of Rs 21.05 crore in the corresponding quarter of the previous financial year. Sequentially, net profit dropped sharply from Rs 63.62 crore in the quarter ended June 30, 2026.
Revenue from operations rose 20.7 percent year-on-year to Rs 669.79 crore compared to Rs 555.11 crore. However, total expenses surged to Rs 655.54 crore from Rs 528.95 crore a year ago, driven primarily by a rise in raw material consumption costs.
For the H1FY27, consolidated revenue from operations stood at Rs 1,627.33 crore compared to Rs 1,401.00 crore in H1 FY26. Net profit for the six-month period declined 14.4 percent to Rs 75.32 crore from Rs 88.01 crore reported in the same period last year.