SML Mahindra Limited has announced its vehicle sales performance for April 2026, demonstrating robust growth across its product portfolio. The commercial vehicle manufacturer disclosed these figures in compliance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Strong Sales Performance in April 2026

The company achieved total vehicle sales of 1741 units in April 2026-27, representing a significant 15% increase compared to 1512 units sold in April 2025-26. This growth reflects the company's strengthening market position in the commercial vehicle segment. The following table summarises the performance across key vehicle categories:

Passenger Vehicles Lead Growth

Passenger vehicles emerged as the primary growth driver, with sales reaching 1331 units in April 2026-27, marking a substantial 19% increase from 1123 units in the previous year. This segment contributed significantly to the overall sales momentum and represents the larger portion of the company's monthly sales volume.

Steady Growth in Cargo Segment

The cargo vehicles segment also showed positive momentum with 410 units sold in April 2026-27, reflecting a 5% growth from 389 units in April 2025-26. While the growth rate was more modest compared to passenger vehicles, it demonstrates consistent demand across the company's commercial vehicle range.

Regulatory Compliance and Transparency

SML Mahindra Limited, formerly known as SML Isuzu Limited, maintains regular disclosure practices as required under SEBI regulations. The company operates from its registered office and works at Village Asron, District Shahid Bhagat Singh Nagar in Punjab, with corporate office facilities in Mohali. This monthly sales disclosure reinforces the company's commitment to maintaining transparency with stakeholders and regulatory compliance in the Indian capital markets.

SML Mahindra has announced its audited financial results for the fourth quarter and financial year ended 31 March 2026, demonstrating solid revenue growth and improved profitability. The company's performance reflects strong operational momentum across its trucks and buses segment.

Q4 Financial Performance

The company delivered robust top-line growth during Q4 FY26, with total income reaching ₹900.23 crore compared to ₹773.10 crore in the corresponding quarter of the previous year. Net profit after tax for the quarter stood at ₹54.20 crore, representing a 2.4% increase from ₹52.95 crore in Q4 FY25.

Full Year FY26 Performance

For the complete financial year 2025-26, SML Mahindra reported total income of ₹2,846.24 crore, up from ₹2,405.05 crore in FY25. Net profit after tax for the year increased to ₹159.75 crore compared to ₹121.67 crore in the previous year. Basic earnings per share improved to ₹110.39 from ₹84.08 in FY25.

Dividend Declaration

The Board of Directors at their meeting held on 20 April 2026 has recommended a final dividend of ₹23.50 per equity share of ₹10 each fully paid up. The total dividend payout amounts to ₹34.01 crores for the year ended 31 March 2026, subject to approval by shareholders at the ensuing Annual General Meeting.

Earnings Call Insights

SML Mahindra has published the transcript of its Press/Analyst/Institutional Investor Conference Call held on 20 April 2026. The call, led by Executive Chairman Vinod Kumar Sahay, Group CFO Amarjyoti Barua, and Sector CFO Manaswini Goel, provided detailed insights into the company's integration progress with Mahindra Group.

Strategic Synergies and Market Performance

The management highlighted significant progress in six key integration pillars including product development, network expansion, and operational synergies. The company outperformed the industry with 17% volume growth versus 13% industry growth. Market share increased by 20 basis points in cargo vehicles and 80 basis points in passenger vehicles for the full year.

The company is targeting to become a top three player in India's ILCV trucks and buses segment, with revenue aspiration of ₹15,000 crores by FY31. Management expressed confidence in managing current supply chain challenges while maintaining production schedules despite geopolitical uncertainties.

Key Highlights

The Q4 and full year results present several positive developments for SML Mahindra:

• Strong double-digit revenue growth in both Q4 and full year
• Consistent improvement in net profitability
• Significant growth in earnings per share
• Attractive dividend proposal reflecting shareholder returns
• Successful integration with Mahindra Group ecosystem
• Enhanced service network coverage across India

The audited financial results were published on 21 April 2026 in Financial Express, The Indian Express, and Ajit newspapers, and are available on the company's website at smlmahindra.com.