Commercial vehicle manufacturer SML Mahindra Ltd (formerly SML Isuzu Ltd) reported a robust performance for October 2025, with sales rising 36% year-on-year to 995 units, compared with 733 units in the same month last year.

Production also saw a healthy uptick, increasing to 1,206 units from 947 units a year earlier, while exports were marginally lower at 64 units, compared to 68 units in October 2024.

For the September quarter (Q2 FY26), SML Isuzu reported a modest performance, with net profit slipping 3.7% year-on-year to ₹21 crore from ₹22 crore in the year-ago period. Revenue inched up 1% to ₹555 crore compared with ₹549.7 crore last year, reflecting stable demand but limited pricing momentum.

EBITDA declined 6.5% YoY to ₹42 crore from ₹44.8 crore, as operating efficiency came

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