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SML Mahindra Reports Mixed June Performance
8 Jul
Summary
- Commercial vehicle production and sales increased in June 2026.
- Exports saw a decline in June 2026 compared to the previous year.
- Fourth quarter net profit rose by 2.36% to ₹54.2 crore.
SML Mahindra Ltd announced its operational update for June 2026, revealing a mixed performance. The company's commercial vehicle production saw a slight increase, rising to 1,587 units from 1,546 units in June 2025. Sales also grew, reaching 1,896 units compared to 1,807 units in the previous year.
Despite domestic growth, SML Mahindra's exports experienced a downturn. In June 2026, exports fell to 34 units, a decrease from 64 units recorded in the corresponding month of the prior year. This suggests a challenging export market for the company.
The company also reported its fourth-quarter results for the financial year ended March 31, 2026. Net profit increased by 2.36% year-on-year to ₹54.2 crore, driven by a robust 16.4% revenue growth to ₹898 crore. However, margins faced pressure, with EBITDA remaining flat and margins declining to 10.1%.
Further financial details from the fourth quarter indicated that earnings before interest, tax, depreciation, and amortisation (EBITDA) stood unchanged at ₹90.4 crore. The board has recommended a final dividend of 235%, or ₹23.50 per equity share, for the financial year 2025-26.
