SML Mahindra Limited — Investor Meet, 20-04-2026: Analysts/Institutional Investor Meet/Con. Call Updates

SML Mahindra held an Analyst/Institutional Investor Meet to present its performance and outlook. The meeting covered integration updates, product strategies, and financial results.

**Financial Performance:**

* Revenue grew 18% to Rs 2,838 Cr for FY26.

* PAT surged 31% to Rs 160 Cr for FY26.

* Q4 FY26 revenue increased 16% to Rs 898 Cr, with PAT growing 2% to Rs 54 Cr.

**Management Commentary & Outlook:**

The company is outgrowing the industry, with SML seeing 17% growth vs. 13% for the industry. Financials, supply chain, and organization are on track post-acquisition. SML Mahindra aims to be a top 3 player in India's ILCV Trucks & Buses segment.

**Operational Updates:**

* Volumes in Cargo Vehicles grew 28% YoY, and Passenger Vehicles saw 12% YoY growth in FY26.

* Market share in Cargo Vehicles stood at 16.0% (+170 bps YoY), while Passenger Vehicles was 3.6% (+20 bps YoY) in Q4 FY26.

**Investor Angle:**

Management appears confident about integration and future growth prospects, with key financial and operational metrics showing positive momentum.