SML Mahindra Ltd

Q2 FY18Agricultural, Commercial & Construction Vehicles

SML Mahindra Q2 FY18 earnings call: Revenue & Margins

Q2 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 Q2 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 September 30, 2017, revenue from operations was Rs. For the quarter ended September 30, 2017, the presentation reports: - EBITDA (Operating Profit): Rs.

From SML Mahindra Ltd's Q2 FY18 earnings-call transcript · updated 25 Sept 2026.

Revenue & Sales Performance

For the quarter ended September 30, 2017, revenue from operations was Rs. 584.61 crores, down from Rs. 852.55 crores in the same quarter of the previous year (Sep 30, 2016), indicating a significant year-on-year decline.
Vehicle sales for FY 2017 include:
Passenger Carriers: 8,012 units (up from 6,813 in 2016)
Cargo Trucks: 7,172 units (up from 5,887 in 2016)
Total vehicle sales: 15,184 units (up from 12,700 in 2016)
Commercial Vehicle Industry sales comparison Apr-Nov 16 vs Apr-Nov 17:
M&HCVs slightly up by 0.7%
LCVs up by 9.1%
SMLI segment stable at 0.6% change
SMLI sales declined by 32.3%
Explicit outlook:
Domestic CV industry expected to grow at 6-7% in FY 2018 (ICRA)
M&HCV trucks to grow 2-4%, LCV trucks 14-16% (ICRA)

2 more points management made on revenue & sales performance

Profitability & Margins

For the quarter ended September 30, 2017, the presentation reports:
EBITDA (Operating Profit): Rs. 4.27 crores (down from Rs. 68.62 crores YoY)
Operating Margin: Not explicitly stated for the quarter, but FY data shows operating margins around 8%
Profit After Tax (PAT): Rs. 3.39 crores (down from Rs. 50.55 crores YoY)
Earnings Per Share (EPS): Rs. 2.34 (down from Rs. 34.93 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 describe any current or planned capital expenditure (capex), capacity expansion, or new plant/project details, including amounts, status, or timelines. - Installed capacity as stated on page 19 is 18,000 vehicles and 4,000 bus bodies. - No direct mention of ongoing or future capex or plant expansions is made. - Milestones (pages 12-14) reference past set-ups and launches but no current projects.

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

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 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 of 11:50, raising Rs. 79.7 crores (Page 13).
Bank borrowings (net) shown in the Balance Sheet Analysis fluctuated over the last ten years, for example:
Rs. 220.3 crores in March 2009,
Rs. 84.6 crores in March 2010,
Rs. 132.1 crores in March 2013,
Rs. 30.0 crores in March 2016,
Rs. 38.6 crores in March 2017 (Page 28).

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 explicitly report details on order book, order inflow, or pending orders. Based on the provided content, the presentation primarily covers: - Historical financial results, balance sheet analysis, and performance indicators. - Sales volumes of vehicles for passenger carriers and cargo trucks over ten years. - Product portfolio and marketing network. - Market potential and industry outlook.

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

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Frequently Asked Questions

What were SML Mahindra Ltd Q2 FY18 results?

For the quarter ended September 30, 2017, revenue from operations was Rs. For the quarter ended September 30, 2017, the presentation reports: - EBITDA (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 describe any current or planned capital expenditure (capex), capacity expansion, or new plant/project details, including 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.