SML Mahindra Q4 FY26 Results and Integration Update

SML Mahindra reported strong FY26 results with revenue up 18% and PAT growth of 31%, alongside a two-notch credit rating upgrade to AA+.
Mahindra Group completed its 58.96% acquisition in August 2025 and has fully integrated SML, achieving significant progress on six strategic synergy pillars.
The company outlined its aspiration to become a top-three player in India's ILCV trucks and buses segment, targeting a 10-12% market share by FY31.
Management addressed current supply chain and inflationary pressures, noting a 1.3% cost impact in Q4 and a subsequent 2-3% price increase effective April 15th.