SML Mahindra Ltd

Q3 FY17Agricultural, Commercial & Construction Vehicles

SML Mahindra Q3 FY17 earnings call: Revenue & Margins

Q3 FY17 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 Q3 FY17 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

Quarter Revenue (Q4 Dec'16 vs Dec'15): Net sales/income from operations were Rs. Quarter ended Dec 2016 EBITDA (Operating Profit): Rs.

From SML Mahindra Ltd's Q3 FY17 earnings-call transcript · updated 25 Sept 2026.

Revenue & Sales Performance

Quarter Revenue (Q4 Dec'16 vs Dec'15): Net sales/income from operations were Rs. 228.12 crores in Dec'16 quarter compared to Rs. 192.79 crores in Dec'15 quarter (page 28).
Year-to-Date Revenue (9 months ended Dec'16 vs Dec'15): Rs. 992.84 crores vs Rs. 841.09 crores (page 28).
Vehicle Sales (2016 vs 2015): Total vehicles sold were 12,700 in 2016 vs 11,759 in 2015, an increase (page 27).

- **Commercial Vehicle Industry Growth (Apr-Jan’17 vs Apr-Jan’16):** SMLI sales grew 19.0% YoY - Passenger Carriers +15.1%, Goods Carriers +23.4% (page 11). - **Outlook:** ICRA forecasts 5-7% growth in the bus segment and 6-8% growth in the M&HCV truck segment for FY 2017-18, driven by factors such as new orders, government schemes, and infrastructure development (page 20). No explicit revenue forecast given, only volume segment outlook.

2 more points management made on revenue & sales performance

Profitability & Margins

Quarter ended Dec 2016 EBITDA (Operating Profit): Rs. 3.16 crores
Previous year (Dec 2015): Loss of Rs. 2.57 crores
Year-on-year change: Improvement of Rs. 5.73 crores
Operating Margin for the quarter: Approx. 1.38% (Operating profit Rs. 3.16 crores on Rs. 229.79 crores revenue)
Previous year (Dec 2015) operating margin was negative
Profit After Tax (PAT) for the quarter: Rs. 3.15 crores
Previous year (Dec 2015): Loss of Rs. 0.93 crores

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 specify details on any capex, capacity expansion, or new plant/project investments, amounts, status, or timelines. However, it mentions the following related points: - Installed Capacity: 18,000 vehicles and 4,000 bus bodies (Page 21). - Alliance with Isuzu has enabled launching medium & large size Isuzu buses and upgrading R&D and manufacturing to global standards (Page 18).

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

In 2010, the company raised Rs. 79.7 crores through a Rights Issue of 3,984,946 equity shares at Rs. 200 per share (Page 13).
Bank borrowings (net) figures over the last ten years show fluctuations: peaked at Rs. 220.3 crores in Mar'09, dropped to Rs. 30 crores by Mar'16, with some years of zero borrowings (Page 31).
Deferred tax liability (net) increased from negative values in early years to Rs. 5.6 crores by Mar'16, indicating some tax-related liabilities affecting net debt computations (Page 31).

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 mention or report any figures or information related to order book, order inflow, or pending orders for SML Isuzu Limited. Key points: - The presentation focuses on financial results, balance sheet analysis, performance indicators, product portfolio, shareholder structure, and market overview. - No section or data refers specifically to order book size, order inflow, or pending orders.

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 Q3 FY17 results?

Quarter Revenue (Q4 Dec'16 vs Dec'15): Net sales/income from operations were Rs. Quarter ended Dec 2016 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 specify details on any capex, capacity expansion, or new plant/project investments, 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.