SML Mahindra Ltd

🚛 SML Mahindra Aims for Top 3 in ILCV Segment with ₹15,000 Crore Revenue Target by FY31

- Revenue grew by 18% in FY 2026, with Q4 growth at 16%.

- PAT grew by 31% in FY 2026, though Q4 PAT growth was only 2% due to inflationary pressures.

- Market share increased by 20 basis points in cargo vehicles and 80 basis points in passenger vehicles for the full year.

- Integration synergies include sourcing benefits, engineering collaboration (e.g., ADAS development), and shared service networks, with 70 out of 150 cross-brand service points already operational.

- The company targets becoming a top-three player in India's ILCV segment, with a revenue goal of ₹15,000 crores by FY31.

- A 2-3% price increase was implemented in April 2026 to address cost pressures.

- An electric bus is planned for launch in FY 2027, with further EV strategy dependent on market conditions.

- Supply chain disruptions from geopolitical issues were managed without production loss, but commodity costs rose by 1.3% in Q4, with annualized impact around 3.5-3.7%.

- No plans for delisting; focus remains on growth and integration rather than merger.