On a year-on-year (YoY) basis, the company’s standalone net profit surged 3,209.43%, while revenue from operations increased 62.53% in Q3 FY26.

Profit before tax (PBT) stood at Rs 23.52 crore in Q3 FY26, up 3,036% year-on-year (YoY).

Total expenses rose 55.5% to Rs 517.31 crore in Q3 FY26 over Q3 FY25. During the quarter, the cost of materials consumed stood at Rs 496.57 crore (up 45.59% YoY), while employee benefits expense was at Rs 59.17 crore (up 17.38% 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.