SML Mahindra reports higher June production and sales, but exports drop 47%

SML Mahindra Ltd reported an increase in its commercial vehicle production and sales for June 2026, while exports declined compared with the year-ago period, according to the company’s monthly operational update.The company produced 1,587 commercial vehicles in June 2026, up from 1,546 units in June 2025, while sales rose to 1,896 units from 1,807 units a year earlier.

Exports, however, fell to 34 units in June 2026 from 64 units in the corresponding month last year.

Q4FY26The company had reported a modest rise in profit for the fourth quarter, even as revenue growth remained strong and margins came under pressure.

Net profit rose 2.36% year-on-year to ₹54.2 crore in Q4, compared with ₹53 crore in the same period last year. Revenue increased 16.4% to ₹898 crore from ₹771 crore, reflecting improved sales momentum.Operating performance, however, remained largely flat. Earnings before interest, tax, depreciation and amortisation (EBITDA) stood unchanged at ₹90.4 crore, while margins declined to 10.1% from 11.7% a year ago, indicating cost pressures.

The company’s board has recommended a final dividend of 235%, or ₹23.50 per equity share, for the financial year ended March 31, 2026.

Shares of SML Mahindra Ltd ended 1.74% higher at ₹3,904 on the NSE on Wednesday.

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