SML Mahindra Ltd

Q4 FY18Agricultural, Commercial & Construction Vehicles

SML Mahindra Q4 FY18 earnings call: Revenue & Margins

Q4 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 Q4 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

Revenue from operations for Q4 FY18 (ending March 31, 2018) was Rs. Quarter ended March 31, 2018 (Q4 FY18) Financials (Page 26): - EBITDA (Operating Profit): Rs.

From SML Mahindra Ltd's Q4 FY18 earnings-call transcript · updated 25 Sept 2026.

Revenue & Sales Performance

Revenue from operations for Q4 FY18 (ending March 31, 2018) was Rs. 368.08 crores, compared to Rs. 409.59 crores in Q4 FY17, indicating a year-on-year decline.
Total income for Q4 FY18 was Rs. 369.86 crores vs. Rs. 409.68 crores in Q4 FY17.
Vehicle sales for FY18 totaled 11,355 units compared to 15,184 units in FY17, showing a decline.
Commercial vehicle industry data for Apr-May 2018 shows a 55% increase in total CV sales vs. Apr-May 2017.
No explicit outlook is given for company revenue or volumes in the presentation.

2 more points management made on revenue & sales performance

Profitability & Margins

Quarter ended March 31, 2018 (Q4 FY18) Financials (Page 26):
EBITDA (Operating Profit): Rs. 31.80 crores
Q4 FY17 Operating Profit: Rs. 31.66 crores
Year-on-year (YoY) change: +0.44% (31.80 vs 31.66)
Operating Margin: 8.5% approx. (Calculated using Revenue from operations Rs. 368.08 crores and Operating Profit Rs. 31.80 crores; explicit margin not stated)
Profit After Tax (PAT): Rs. 14.87 crores
Q4 FY17 PAT: Rs. 9.50 crores
YoY change: +56.5% (14.87 vs 9.50)

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 specific capex, capacity expansion, or new plant/project with amounts, status, or timelines. It provides an overview of installed capacity (Page 19) as: - Installed Capacity: 18,000 vehicles and 4,000 bus bodies. However, there are no clear mentions or descriptions of ongoing or planned capacity expansion, capital expenditure projects, new plant setups, or related financial commitments, statuses, or timelines in the provided slides. The balance sheet (Page 30) shows Capital Work In Progress (WIP) amounts (e.g., Rs. 34.9 crores as of March 2018), but no description or details of these projects are provided. Summary: - Capital WIP/Intangible Assets under development (March 2018): Rs. 34.9 Crores - No stated project details, timelines, or status on capex or new plants mentioned in the presentation.

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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 the company issued 3,984,946 equity shares of Rs. 10 each at a premium of Rs. 190 per share, raising Rs. 79.7 crores (Page 13).
Share Capital has remained steady at Rs. 14.5 crores from MAR’16 to MAR’18 (Page 30), with no new equity fundraising indicated.
Bank borrowings (including ECB loan for Capex) increased substantially from Rs. 45.4 crores in MAR’17 to Rs. 213.8 crores in MAR’18 (Page 30), indicating higher debt levels in recent year.
Short term borrowings also increased from Rs. 5.1 crores in MAR’17 to Rs. 70 crores in MAR’18 (Page 30).

- No explicit mention of recent equity fundraising activity beyond historical rights issue. - Other borrowings and deferred tax liabilities fluctuated but no direct mention of new debt fundraisers apart from increase in borrowings for capex (Page 30). Summary: The presentation indicates a significant increase in borrowings in FY 2018 but no new equity fundraising other than the 2010 Rights Issue.

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 presentation does not provide any information on order book, order inflow, or pending orders. - There are no sections or data points mentioning order book size. - No figures or commentary are presented regarding order inflow. - Pending orders or backlog details are not stated anywhere in the provided document pages. Therefore, based solely on the content of the presentation provided, no details on order book, order inflow, or pending orders are reported.

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.

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Frequently Asked Questions

What were SML Mahindra Ltd Q4 FY18 results?

Revenue from operations for Q4 FY18 (ending March 31, 2018) was Rs. Quarter ended March 31, 2018 (Q4 FY18) Financials (Page 26): - 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 detail any specific capex, capacity expansion, or new plant/project with 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.