On a year-on-year (YoY) basis, standalone net profit declined 4.98%, while revenue from operations rose 13.19% in the quarter ended 30 June 2026.

Total expenses increased 15.17% YoY to Rs 873.45 crore in Q1 FY27. The cost of materials consumed stood at Rs 622.39 crore, up 9.12% YoY, while employee benefits expense rose 18.87% YoY to Rs 68.91 crore.

Profit before tax (PBT) stood at Rs 85.28 crore in Q1 FY27, down 4.76% YoY.

SML Mahindra (formerly known as SML Isuzu) is primarily engaged in the business of the manufacture and sale of commercial vehicles and their parts.