SML Mahindra Limited reported a 31% increase in net profit to ₹159.75 crore for the financial year ended March 31, 2026. The company achieved its highest ever profit after tax, driven by a 17% growth in sales volume to 16,632 vehicles compared to 14,221 vehicles in the previous year.

Revenue from operations rose to ₹2,837.92 crore from ₹2,398.99 crore in the previous year. The company’s operating profit improved to ₹286.72 crore from ₹240.61 crore. Profit before tax stood at ₹213.95 crore, up from ₹162.38 crore.

The Board of Directors has recommended a final dividend of ₹23.50 per equity share of ₹10 each for the financial year ended March 31, 2026. If approved, the total dividend outgo will be ₹34.01 crore. The record date for the dividend is July 3, 2026.

Financial Highlights

The company’s net worth increased to ₹519.34 crore as on March 31, 2026, from ₹382.66 crore in the previous year. Short-term and long-term borrowings stood at ₹26,950.17 crore and ₹1,064.86 crore respectively.

SML Mahindra Limited filed its Business Responsibility and Sustainability Report (BRSR) for the financial year ended March 31, 2026, with the stock exchanges. The company reported the production of 17,165 vehicles during the year, surpassing its target of 17,000 units. The report highlights the company's commitment to environmental sustainability, including the generation of 41,90,623 kWh of electricity through its 3.04 MWp rooftop solar power plant.

Operational and Environmental Performance

The company, which manufactures trucks and buses, stated that passenger vehicles contributed 69% to its total turnover, while cargo vehicles accounted for 24%. In terms of energy management, SML Mahindra reported a total energy consumption of 1,08,635 Gigajoules, with renewable sources accounting for 13,899 Gigajoules. The company achieved a waste intensity of 1.5 metric tonnes per rupee of turnover and maintained zero liquid discharge by treating wastewater for reuse in plantations.

Social and Governance Metrics

The report details the company's workforce composition, comprising 818 employees and 2,759 workers. The board of directors includes two women, representing 28.6% of the total board strength. SML Mahindra confirmed that 100% of its employees and workers received training on human rights issues during the year. The company also reported that it had no instances of fines, penalties, or punitive actions by regulators during FY 2025-26.

Stakeholder Engagement and Compliance

SML Mahindra received 188 customer complaints during the year, with one pending resolution at the close of the period. The company's grievance redressal mechanisms are in place for all stakeholder groups, including shareholders, employees, and communities. The report confirms compliance with all applicable environmental laws and regulations, including the Water Act and Air Act. The company holds several ISO certifications, including ISO 9001:2015 for quality management and ISO 14001:2015 for environmental management.