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.

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

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.

SML Mahindra has provided updated guidance on commodity cost pressures while reaffirming its commitment to maintaining Q1 FY27 operational plans despite facing multiple market challenges. The company shared these insights during its recent conference call, offering clarity on both cost management and strategic positioning.

Commodity Cost Outlook and Steel Price Guidance

The management expects commodity cost inflation, particularly for steel, not to continue throughout FY27. Recent price hikes have largely covered the headwinds, positioning the company better for the remainder of the fiscal year. This guidance provides relief amid concerns about input cost pressures affecting the automotive sector.

Operational Resilience Amid Market Challenges

The company's management confirmed that their Q1 FY27 plans remain unaffected by prevailing market uncertainties. This stance demonstrates confidence in the operational framework despite various external pressures.

Strategic Cost Management

SML Mahindra's approach to managing commodity cost inflation reflects proactive planning in addressing input cost challenges. The company's ability to implement price hikes that cover cost headwinds while maintaining operational plans suggests effective cost management strategies that should support margins going forward.