| Scrip Code | 505192 |
|---|---|
| NSE Symbol | SMLMAH |
| MSEI Symbol | NOTLISTED |
| ISIN | INE294B01019 |
| Name of company | SML Mahindra Limited |
| Type of company | Main Board |
| Class of security | Equity |
| Date of start of financial year | 01-04-2025 |
| Date of end of financial year | 31-03-2026 |
| Date of board meeting when results were approved | 16-01-2026 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 29-12-2025 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| Reporting Type | Quarterly |
| Reporting Quarter | Third quarter |
| Nature of report standalone or consolidated | Standalone |
| Whether results are audited or unaudited for the quarter ended | Unaudited |
| Whether results are audited or unaudited for the Year to date for current period ended/year ended | Unaudited |
| Segment Reporting | Single segment |
| Description of single segment | Commercial Vehicles |
| Start date and time of board meeting | 16-01-2026 16:15:00 |
| End date and time of board meeting | 16-01-2026 16:45:00 |
| Whether cash flow statement is applicable on company | |
| Type of cash flow statement | |
| Declaration of unmodified opinion or statement on impact of audit qualification | Not applicable |
| Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? | No |
| No. of times funds raised during the quarter | |
| Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? | No |
| Not Applicable | |
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-10-2025 | 01-04-2025 |
| B | Date of end of reporting period | 31-12-2025 | 31-12-2025 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| 1 | Income | ||
| Revenue from operations | 53,927.00 | 1,94,027.00 | |
| Other income | 156.00 | 574.00 | |
| Total income | 54,083.00 | 1,94,601.00 | |
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 49,657.00 | 1,51,494.00 |
| (b) | Purchases of stock-in-trade | 2,268.00 | 7,304.00 |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | (11,929.00) | (12,539.00) |
| (d) | Employee benefit expense | 5,917.00 | 17,387.00 |
| (e) | Finance costs | 579.00 | 1,375.00 |
| (f) | Depreciation, depletion and amortisation expense | 1,334.00 | 3,866.00 |
| (f) | Other Expenses | ||
| 1 | Other expenses | 3,905.00 | 11,579.00 |
| Total other expenses | 3,905.00 | 11,579.00 | |
| Total expenses | 51,731.00 | 1,80,466.00 | |
| 3 | Total profit before exceptional items and tax | 2,352.00 | 14,135.00 |
| 4 | Exceptional items | 0.00 | 0.00 |
| 5 | Total profit before tax | 2,352.00 | 14,135.00 |
| 6 | Tax expense | ||
| 7 | Current tax | 601.00 | 3,717.00 |
| 8 | Deferred tax | (3.00) | (137.00) |
| 9 | Total tax expenses | 598.00 | 3,580.00 |
| 10 | Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement | 0.00 | 0.00 |
| 11 | Net Profit Loss for the period from continuing operations | 1,754.00 | 10,555.00 |
| 12 | Profit (loss) from discontinued operations before tax | 0.00 | 0.00 |
| 13 | Tax expense of discontinued operations | 0.00 | 0.00 |
| 14 | Net profit (loss) from discontinued operation after tax | 0.00 | 0.00 |
| 15 | Share of profit (loss) of associates and joint ventures accounted for using equity method | 0.00 | 0.00 |
| 16 | Total profit (loss) for period | 1,754.00 | 10,555.00 |
| 17 | Other comprehensive income net of taxes | 104.00 | 24.00 |
| 18 | Total Comprehensive Income for the period | 1,858.00 | 10,579.00 |
| 19 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | |||
| Total profit or loss, attributable to non-controlling interests | |||
| 20 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | |||
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | |||
| 21 | Details of equity share capital | ||
| Paid-up equity share capital | 1,448.00 | 1,448.00 | |
| Face value of equity share capital | 10 | 10 | |
| 27 | Details of debt securities | ||
| 22 | Reserves excluding revaluation reserve | ||
| 23 | Earnings per share | ||
| i | Earnings per equity share for continuing operations | ||
| Basic earnings (loss) per share from continuing operations | 12.11 | 72.93 | |
| Diluted earnings (loss) per share from continuing operations | 12.11 | 72.93 | |
| ii | Earnings per equity share for discontinued operations | ||
| Basic earnings (loss) per share from discontinued operations | 0 | 0 | |
| Diluted earnings (loss) per share from discontinued operations | 0 | 0 | |
| ii | Earnings per equity share | ||
| Basic earnings (loss) per share from continuing and discontinued operations | 12.11 | 72.93 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | 12.11 | 72.93 | |
| 24 | Debt equity ratio | ||
| 25 | Debt service coverage ratio | ||
| 26 | Interest service coverage ratio | ||
| 27 | Disclosure of notes on financial results | Textual Information(1) | |
| Textual Information(1) | The above unaudited financial results were reviewed and recommended by the Audit Committee on 16 January 2026 and approved by the Board of Directors in their meeting held on 16 January 2026. The unaudited financial results for the current quarter have been subjected to limited review by the Statutory Auditors of the Company. The Statutory Auditors of the Company have expressed an unmodified review conclusion on the unaudited financial results for the quarter and nine months ended 31 December 2025. The unmodified review report of the Statutory Auditors is being filed with the BSE Limited and National Stock Exchange of India Limited NSE. For more details on the unaudited financial results visit Investor Relations section of our website at https smlmahindra.com and Financial Results in Corporates section of www.nseindia.com and www.bseindia.com. The above unaudited financial results have been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 Interim Financial Reporting Ind AS 34 prescribed under section 133 of the Companies Act 2013 the Act and other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of Regulation 33 of the Listing Regulations including relevant circulars issued by the SEBI from time to time. The Chief Operating Decision Maker monitors and reviews the performance of the operating segment i.e commercial vehicles and related components as a single operating segment. Considering that there is only one reportable segment there are no additional disclosures to be provided under Ind AS 108 Segment information. On November 21 2025 the Government of India notified the four Labour Codes the Code on Wages 2019 the Industrial Relations Code 2020 the Code on Social Security 2020 and the Occupational Safety Health and Working Conditions Code 2020 collectively new labour code consolidating 29 existing labour laws. In accordance with the new Labour Codes the Company has currently estimated the incremental impact on retiral benefits to be Rs. 0.77 crores. The Company continues to monitor developments on the Rules to be notified by regulatory authorities including clarifications additional guidance from authorities and will continue to assess the accounting implications basis such developments guidance. The Ministry of Environment Forest and Climate Change has notified the Environment Protection End of Life Vehicles Rules 2025 ELV Rules which are effective from 1 April 2025. As per these rules Extended Producer Responsibility EPR obligations are imposed on producers vehicle manufacturers for the scrapping of End of Life Vehicles and such obligations are to be fulfilled through the purchase of EPR certificates from registered Vehicle Scrapping Facilities via a Centralised Online Portal. The implementation details and operational procedures of the ELV rules including the modalities of the pricing mechanism for the EPR certificates are yet to be developed. Consequently the Company is currently unable to reliably estimate a range of possible outcomes and the potential impact of these rules. The Company will continue to assess the ability to measure its obligations pursuant to the ELV Rules as and when the aforesaid details of implementation framework are available. |
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| Debt equity ratio | |
|---|---|
| Debt service coverage ratio | |
| Interest service coverage ratio |
| Particulars | 3 months/ 6 month ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |||||
|---|---|---|---|---|---|---|---|
| Date of start of reporting period | 01-10-2025 | 01-04-2025 | |||||
| Date of end of reporting period | 31-12-2025 | 31-12-2025 | |||||
| Whether results are audited or unaudited | Unaudited | Unaudited | |||||
| Nature of report standalone or consolidated | Standalone | Standalone | |||||
| 1 | Segment Revenue (Income) | ||||||
| (net sale/income from each segment should be disclosed) | |||||||
| Total Segment Revenue | |||||||
| Less: Inter segment revenue | |||||||
| Revenue from operations | |||||||
| 2 | Segment Result | ||||||
| Profit (+) / Loss (-) before tax and interest from each segment | |||||||
| Total Profit before tax | |||||||
| i. Finance cost | |||||||
| ii. Other Unallocable Expenditure net off Unallocable income | |||||||
| Profit before tax | |||||||
| 3 | (Segment Asset - Segment Liabilities) | ||||||
| Segment Asset | |||||||
| Total Segment Asset | |||||||
| Un-allocable Assets | null | null | |||||
| Net Segment Asset | null | null | |||||
| 4 | Segment Liabilities | ||||||
| Segment Liabilities | |||||||
| Total Segment Liabilities | |||||||
| Un-allocable Liabilities | null | null | |||||
| Net Segment Liabilities | null | null | |||||
| Disclosure of notes on segments | |||||||
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-10-2025 | 01-04-2025 |
| B | Date of end of reporting period | 31-12-2025 | 31-12-2025 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| Other comprehensive income [Abstract] | |||
| 1 | Amount of items that will not be reclassified to profit and loss | ||
| 1 | Remeasurement losses on defined benefit plans | 139.00 | 32.00 |
| Total Amount of items that will not be reclassified to profit and loss | 139.00 | 32.00 | |
| 2 | Income tax relating to items that will not be reclassified to profit or loss | 35.00 | 8.00 |
| 3 | Amount of items that will be reclassified to profit and loss | ||
| Total Amount of items that will be reclassified to profit and loss | |||
| 4 | Income tax relating to items that will be reclassified to profit or loss | ||
| 5 | Total Other comprehensive income | 104.00 | 24.00 |