SML Mahindra Ltd

Q1 FY18Agricultural, Commercial & Construction Vehicles

SML Mahindra Q1 FY18 earnings call: Revenue & Margins

Q1 FY18 investor presentation: what the company reported on revenue, margins and projects.

Price₹6,603

Market cap₹9.1K Cr

P/E58.2

Updated25 Sept 2026

Read4 min read

Based on SML Mahindra Ltd's Q1 FY18 investor presentation. The company has not published an earnings-call transcript for this quarter, so figures here are what the presentation reports, not management guidance.

The short version

For the quarter ended June 30, 2017: - Revenue from operations: Rs. Quarter ended June 30, 2017 vs June 30, 2016 (Page 27): - Operating Profit: Rs.

From SML Mahindra Ltd's Q1 FY18 earnings-call transcript · updated 25 Sept 2026.

Revenue & Sales Performance

For the quarter ended June 30, 2017:
Revenue from operations: Rs. 357.54 crores (down from Rs. 515.14 crores in Q2 2016)
Total income: Rs. 357.98 crores (down from Rs. 516.10 crores)
Profit before tax: Rs. 9.52 crores (down from Rs. 55.43 crores)
Earnings per share: Rs. 4.67 (down from Rs. 28.24)
Vehicle sales volumes for FY 2017 compared to FY 2016:
Passenger carriers: 8,012 units vs. 6,813 units (growth)
Cargo trucks: 7,172 units vs. 5,887 units (growth)
Total vehicles: 15,184 units vs. 12,700 units (growth)
No explicit quarterly revenue or volume outlook is stated.
However, the presentation cites ICRA’s outlook (page 20):
Bus segment growth expected at 5-7% in FY 2017-18

2 more points management made on revenue & sales performance

Profitability & Margins

Quarter ended June 30, 2017 vs June 30, 2016 (Page 27):
Operating Profit: Rs. 9.52 crores (Q2 FY18) vs Rs. 55.43 crores (Q2 FY17) — a significant decrease year-on-year.
Profit After Tax (PAT): Rs. 6.76 crores vs Rs. 40.86 crores — substantial decline year-on-year.
Earnings Per Share (EPS): Rs. 4.67 vs Rs. 28.24 QoQ.
Operating Margin:
Operating margin for the quarter is not explicitly stated on page 27.
From FY 2017 annual figures (Page 26), operating margin was 8.2%; no explicit quarter margin outlook is provided.
EBITDA:
EBITDA figure is not directly reported in the presentation.

2 more points management made on profitability & margins

See what SML Mahindra Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

The presentation does not explicitly mention any detailed capex, capacity expansion, or new plant/project plans with specific amounts, status, or timelines. Key related points include: - Installed Capacity: 18,000 vehicles and 4,000 bus bodies (Page 21), but no stated expansion plans. - Alliance with Isuzu enables upgraded manufacturing and R&D facilities matching global standards (Page 18), without specification of capex or timelines.

- Milestones from past years mention new product launches and technical agreements but no new plants or capacity expansions (Pages 12-14). - No direct references to planned capital expenditure, new plant construction, or capacity expansion projects are found in the presentation. Thus, no explicit capex or capacity expansion details with financial amounts or timelines are provided in the presentation.

2 more points management made on capital expenditure plans

Top-ranked in Agricultural, Commercial & Construction Vehicles

Ranked on what management guided this quarter

5x potential

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2BEML Ltd₹17.0K Cr

Rev 2Mar 3

3₹664 Cr

Rev 2Mar 3

4₹1.6L Cr

Rev 3Mar 3

5₹93.4K Cr

Rev 3Mar 3

Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

The presentation mentions a Rights Issue in 2010, where 3,984,946 equity shares of Rs. 10 each at a premium of Rs. 190 per share were issued in the ratio 11:50, raising Rs. 79.7 crores (Page 13).
Bank Borrowings (net) fluctuated over the last ten years:
Peaked at Rs. 220.3 crores in March 2009
Decreased significantly to Rs. 38.6 crores by March 2017
No borrowings shown for the years 2014 and 2015 (Page 30).

2 more points management made on fundraising & capital structure

See what SML Mahindra Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The provided investor presentation does not explicitly report any figures or details regarding: - Order book - Order inflow - Pending orders None of the pages or sections within the presentation mention these terms or provide related data. The financial data focuses on revenues, profit, sales volumes, balance sheet items, and product/marketing details, but there is no direct disclosure about order status or order pipeline information.

SML Mahindra Ltd — Quarterly revenue & net profit

Revenue Net profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹898 Cr, net profit ₹54 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

What SML Mahindra Ltd's management said in earlier quarters

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Frequently Asked Questions

What were SML Mahindra Ltd Q1 FY18 results?

For the quarter ended June 30, 2017: - Revenue from operations: Rs. Quarter ended June 30, 2017 vs June 30, 2016 (Page 27): - Operating Profit: Rs.

What is SML Mahindra Ltd share price analysis?

SML Mahindra Ltd currently shows a neutral. The stock trades at a P/E of 58.2 with a market cap of ₹9,105 Cr. Investors should review the full earnings analysis for detailed insights.

Is SML Mahindra Ltd planning capital expenditure?

The presentation does not explicitly mention any detailed capex, capacity expansion, or new plant/project plans with specific amounts, status, or timelines.

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This analysis is AI-generated based on publicly available earnings data and the company's investor presentation. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.