According to reports from Business Standard, SML Mahindra achieved a 3% year-on-year growth in June 2026, selling 1,930 units compared to 1,871 units in the same period last year. The company's performance was driven by contrasting trends across its vehicle segments, with passenger vehicles showing strong momentum while cargo vehicles faced headwinds. For the April to June 2026 quarter, total sales grew 10% to 5,438 units compared with the same period last year, as reported by TipRanks.
As reported by Business Standard, the company's cargo vehicle sales declined 26% YoY to 355 units in June 2026, indicating challenges in this segment. In contrast, passenger vehicle sales rose 13% YoY to 1,575 units from 1,391 units in the year-ago period, demonstrating robust demand in the passenger vehicle segment. For the quarter, the company recorded a 19% rise in passenger vehicle volumes to 4,329 units over the April to June period, offsetting a 13% decline in cargo vehicle sales to 1,109 units, as reported by TipRanks. This divergent performance across vehicle categories reflects the company's mixed market conditions.
According to Business Standard, SML Mahindra reported a marginal 2.36% year-on-year rise in standalone net profit to ₹54.20 crore for the fourth quarter ended March 31, 2026, compared with ₹52.95 crore in the corresponding quarter last year. The company's revenue from operations rose 16.39% YoY to ₹897.65 crore in the quarter ended March 31, 2026. The company, formerly known as SML Isuzu, is primarily engaged in the manufacture and sale of commercial vehicles and their parts.
As reported by Business Standard, the company's stock counter slipped 2.07% to ₹4,010.90 on the BSE following the results announcement. The market reaction suggests investor concerns about the mixed performance across vehicle segments, with cargo vehicle weakness offsetting the strong passenger vehicle growth. The company, formerly SML Isuzu Limited, operates in the commercial vehicle industry focusing on trucks and buses for cargo and passenger transport markets in India, with production facilities in Punjab and an established presence on Indian stock exchanges.
