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(28/10/2026 20:51)

SML Mahindra Q2 net profit down 44.42% at Rs 11.70 cr

The company reported standalone net profit of Rs 11.70 crore for the quarter ended September 30, 2026 as compared to Rs 21.05 crore in the same period last year, registering a year-on-year decline of 44.42 per cent.

Net revenue of the company rose substantially by 20.66 per cent at Rs 669.79 crore in July-September quarter of this fiscal as against Rs 555.11 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 24.96 per cent to Rs 641.28 crore from Rs 513.19 crore in year ago period.

Other Income dipped by 24.53 per cent at Rs 1.60 crore versus (Sep'25 Rs 2.12 crore).

Operating Profit slipped by 31.99 per cent to Rs 28.51 crore as against Rs 41.92 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 43.58 per cent in September quarter.

Interest declined by 68.64 per cent y-o-y to Rs 0.90 crore, while Taxation decreased by 42.60 per cent at Rs 4.15 crore (Sep'25 Rs 7.23 crore).