The financial performance of SML Mahindra Limited during its financial year that ended on March 31, 2026 was strong due to growth in volumes and consolidation efforts with the Mahindra group. Revenue during the period went up by 18 per cent to reach Rs 2,837.92 crore, while profits after tax increased by 31 per cent to hit Rs 159.75 crore.
After reviewing the audited accounts, the board decided to recommend a dividend of 235 per cent, which is equal to Rs 23.50 per share, which will be finalized after approval from the shareholders in the upcoming annual general meeting.
Growth driven by volumes and market shares:
During the financial year, the company achieved improvement in terms of volumes in both cargo and passenger vehicles. Volume growth in cargo vehicles stood at 28 per cent, whereas in passenger vehicles it increased by 12 per cent.
Moreover, there was an increase in market share with improvements made in the segments of trucks and buses within the intermediate light commercial vehicle segment. SML reported that it had been outperforming the general growth rates in the automobile sector, which have been reported at around 13 per cent for vehicles heavier than 3.5 tonnes.
The quarterly financial results showed the same trends, with revenues increasing by 16 per cent to Rs 897.65 crore during Q4. Post-tax profit for the quarter was reported at Rs 54.20 crore, remaining constant year-over-year.
SML’s integration with Mahindra is proceeding as expected:
According to SML Mahindra, the efforts taken towards the integration process post the acquisition of a majority stake by Mahindra are going according to plan.
