India's SML Mahindra heads for worst day in over a year after quarterly profit drop
21/10/2026 05:21
BUZZ-India's SML Mahindra heads for worst day in over a year after quarterly profit drop ** Shares of SML Mahindra SMLM.NS fall as much as 9.1% to a near two-month low of 5,501 rupees
** Stock on track for its biggest one-day pct drop since April 2025
** Co reports Q2 profit of 117 million rupees ($1.23 million) vs 210.5 million a year ago
** Commercial vehicle maker's revenue rises to 6.71 billion rupees from 5.57 billion a year ago
** YTD, stock up 42.3%
($1 = 94.7500 Indian rupees)
(Reporting by Puyaan Singh in Bengaluru)
Recent news on SML Mahindra
See all newsIndia's SML Mahindra heads for worst day in over a year after quarterly profit drop
Brief: SML Mahindra Ltd Sept-Quarter Profit 117 Million Rupees
India's SML Mahindra gains on upbeat September sales, production update
Brief: SML Mahindra September Total Vehicle Sales Up 18%
Brief: Sml Mahindra Says August Commercial Vehicles Sales 1095 Units Versus 815 Units A Year Ago