The 1953–54 SM-sarja season was the 23rd season of the SM-sarja, the top level of ice hockey in Finland. 10 teams participated in the league, and TBK Tampere won the championship.
| Club | Sp | W | T | L | GF–GA | Pts | ||
|---|---|---|---|---|---|---|---|---|
| 1. | 8 | 5 | 2 | 1 | 27:21 | 12 | ||
| 2. | 8 | 4 | 1 | 3 | 37:30 | 9 | ||
| 3. | 8 | 4 | 0 | 4 | 24:34 | 8 | ||
| 4. | 8 | 2 | 2 | 4 | 34:30 | 6 | ||
| 5. | 8 | 2 | 1 | 5 | 27:34 | 5 |
| Club | Sp | W | T | L | GF–GA | Pts | ||
|---|---|---|---|---|---|---|---|---|
| 1. | 8 | 6 | 1 | 1 | 42:20 | 13 | ||
| 2. | 8 | 6 | 1 | 1 | 40:24 | 13 | ||
| 3. | 8 | 3 | 2 | 3 | 40:46 | 8 | ||
| 4. | 8 | 1 | 2 | 5 | 33:37 | 4 | ||
| 5. | 8 | 1 | 0 | 7 | 23:51 | 2 |