SML Mahindra Sees 12% Increase in March Commercial Vehicle Sales
SML Mahindra rallies after March CV sales rise 12% YoY in Q4
Business Standard
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SML Mahindra's commercial vehicle sales rose 12.4% year-on-year in March 2026, reaching 2,393 units. Despite a production increase of 3.64%, exports fell sharply by 65.59%. The company's net profit also surged significantly, reflecting strong operational performance.
- 01SML Mahindra's commercial vehicle sales increased by 12.4% in March 2026.
- 02Production of commercial vehicles rose by 3.64% year-on-year.
- 03Exports declined sharply by 65.59% compared to the previous year.
- 04Net profit surged by 3209.43% to ₹17.54 crore.
- 05Revenue from operations jumped by 62.53% to ₹539.27 crore.
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SML Mahindra's stock surged by 8.99% to ₹4,318.70 following a strong performance in March 2026, where the company reported a 12.4% increase in commercial vehicle sales, totaling 2,393 units compared to 2,129 units in March 2025. Production also saw a modest rise of 3.64%, reaching 1,652 units. However, the company faced a significant decline in exports, which fell by 65.59% to just 64 units. On the financial front, SML Mahindra's standalone net profit experienced a staggering increase of 3209.43%, amounting to ₹17.54 crore, driven by a 62.53% rise in revenue from operations, which reached ₹539.27 crore in the third quarter of FY26 compared to the previous quarter.
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The increase in sales and profits suggests a positive outlook for SML Mahindra, potentially leading to job stability and growth in the commercial vehicle sector.
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