SML Mahindra Ltd

Q1 FY19Agricultural, Commercial & Construction Vehicles

SML Mahindra Q1 FY19 earnings call: Revenue & Margins

Q1 FY19 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 FY19 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

Revenue for Q1 FY19 (ended June 30, 2018) was Rs. EBITDA (Operating Profit) for Q1 June 2018: Rs.

From SML Mahindra Ltd's Q1 FY19 earnings-call transcript · updated 25 Sept 2026.

Revenue & Sales Performance

Revenue for Q1 FY19 (ended June 30, 2018) was Rs. 452.63 crores, up from Rs. 357.54 crores in Q1 FY18, indicating a 26.6% year-on-year increase.
Commercial Vehicle Industry sales (April-June 2018 vs April-June 2017):
M&HCVs total sales rose 74.8% (100,226 units vs 57,335 units).
LCVs total sales rose 38.0% (154,262 units vs 111,792 units).
SML Isuzu segment sales grew 32.3% (4,154 units vs 3,140 units).

2 more points management made on revenue & sales performance

Profitability & Margins

EBITDA (Operating Profit) for Q1 June 2018: Rs. 26.92 crores (from page 26, Profit before exceptional items and tax).
Operating Margin: 26.92 / 452.63 ≈ 5.95% for Q1 June 2018 (Revenue from operations Rs. 452.63 crores).
Year-on-year Operating Profit (Q1 June 2017): Rs. 9.52 crores (page 26), indicating a 183% increase YoY (26.92 vs 9.52 crores).
Profit After Tax (PAT) for Q1 June 2018: Rs. 20.11 crores (page 26).
PAT for Q1 June 2017: Rs. 6.75 crores, marking a ~198% increase YoY.

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 detail any capex, capacity expansion, or new plant/project specifics such as amounts, status, or timelines. It mentions: - On Page 31 (Balance Sheet), there is an "ECB Loan for Capex" amounting to Rs. 140.2 crores as of March 2018, indicating capex expenditure, but no details on the project(s) related to this loan are provided. - On Page 19, the company has an installed capacity of 24,000 vehicles, but no indication of current or planned capacity expansion. - No other pages in the presentation specify any particular capex amount, new plant, or project timelines. Therefore, no detailed capex, capacity expansion, or new project information with amounts, status, or timelines is provided within this presentation.

Top-ranked in Agricultural, Commercial & Construction Vehicles

Ranked on what management guided this quarter

5x potential

1TIL₹2.1K Cr

Rev 2Mar 1

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 does not explicitly mention any new fundraising through debt or equity during the period.
The Ind-AS Balance Sheet (Mar’18 vs Mar’17) shows an increase in borrowings from Rs. 45.4 crores in Mar’17 to Rs. 213.8 crores in Mar’18, mainly due to an ECB loan for Capex of Rs. 140.2 crores.
Share capital remains unchanged at Rs. 14.5 crores over the years.
Other equity has marginally decreased from Rs. 389.3 crores (Mar’17) to Rs. 383.6 crores (Mar’18).
Short term borrowings increased from Rs. 5.1 crores (Mar’17) to Rs. 70.0 crores (Mar’18).

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 investor presentation does not report any specific details regarding order book, order inflow, or pending orders. Based on the provided pages (1 through 31), the document focuses on: - Financial results and performance indicators (revenue, profit, EPS). - Balance sheet and sources/application of funds. - Product portfolio (buses, special application vehicles). - Shareholding pattern and equity/dividend history.

2 more points management made on order book & pipeline

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

Others in Agricultural, Commercial & Construction Vehicles this season

Atul Auto Ltd (Q1 FY19)
Sales of three wheelers for quarter ended 30.06.2018: 10,568 units, up from 8,974 units in same quarter previous year (17.7% YoY increase). Key concall…

Compare:vs Tata Motors vs Ashok Leyland vs Escorts Kubota

🔎 Who's planning the most growth?

Companies ranked by management's own guidance — revenue, margins, capex and order book, from every earnings call in India.

See rankings →

Frequently Asked Questions

What were SML Mahindra Ltd Q1 FY19 results?

Revenue for Q1 FY19 (ended June 30, 2018) was Rs. EBITDA (Operating Profit) for Q1 June 2018: 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 detail any capex, capacity expansion, or new plant/project specifics such as amounts, status, or timelines.

Keep SML Mahindra Ltd on your radar — track it to get its next earnings analysis in your feed.

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.