SML Mahindra Q2 results: revenue up 21% YoY, profit down 44%
SMLMAH · price
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SML Mahindra Q2 FY27 revenue grew about 21% YoY to Rs 669.79 cr; H1 revenue rose to Rs 1,627 cr from Rs 1,401 cr. However Q2 PAT fell 44% to Rs 11.70 cr from Rs 21.05 cr, and H1 PAT slipped to Rs 75.32 cr. Margins compressed sharply. The Board separately approved acquiring the Truck and Bus Division from Mahindra and Mahindra for Rs 525 cr on slump sale basis, expected to close by 31 January 2027. Auditor limited review report is unmodified.
Mixed quarter: topline growth solid but profits fell sharply. Margin pressure is the real worry. Parent biz acquisition may reshape future growth.