SML Mahindra Ltd Approves FY 2026 Results, Recommends Rs. 23.50 Dividend Per Share
SML Mahindra Ltd announced the outcome of its Board Meeting held on April 20, 2026, confirming the approval of its Audited Financial Results for the fourth quarter and the entire financial year ended March 31, 2026. The Board also recommended a final dividend for the financial year.During the meeting, the company confirmed that its Statutory Auditors, M/s B S R & Co. LLP, issued an audit report with an unmodified opinion on the financial results for the year ended March 31, 2026.
The Board recommended a Final Dividend of 235% (Rs. 23.50 per share) for the financial year ending March 31, 2026.
Key Corporate Governance Updates
In terms of corporate appointments, the Board appointed Mr. K.N. Vaidyanathan as the Internal Auditor for the company for the financial year 2026-27. Mr. Vaidyanathan replaces M/s S.Tandon & Associates LLP, whose tenure was scheduled until FY 2025-26.Regarding shareholder meetings, the company announced that the 42nd Annual General Meeting of Members will be held on July 21, 2026. The record date for the purpose of the AGM and dividend payment is set for July 3, 2026.
Financial Performance Overview
The company released its audited financial results, providing a year-over-year comparison of operational and financial health.The Statement of Audited Financial Results for the year ended March 31, 2026, highlights the following key figures (in Rupees crores):
| Particulars | Quarter ended 31.03.2026 | Year ended 31.03.2026 |
|---|---|---|
| Revenue from operations | 897.65 | 2,398.99 |
| Other income | 2.58 | 6.06 |
| Total Income | 900.23 | 2,406.06 |
| Total Expenses | 827.63 | 2,242.67 |
| Profit before tax | 72.60 | 162.38 |
| Profit for the year | 54.20 | 121.67 |
The company's overall financial structure showed substantial changes in assets and liabilities.
Assets and Liabilities Snapshot
The Statement of Audited Assets and Liabilities for March 31, 2026, showed the following total figures:| Component | 31.03.2026 (Rupees in crores) | 31.03.2025 (Rupees in crores) |
|---|---|---|
| Total Non-current assets | 408.06 | 396.12 |
| Total current assets | 988.72 | 903.29 |
| Total equity | 519.34 | 382.66 |
| Total liabilities | 877.44 | 916.75 |
| Total equity and liabilities | 1,396.78 | 1,299.41 |
Cash Flow Highlights
The Statement of Audited Cash Flows provides insight into the company's cash generation and usage.| Activity | Year ended 31 March 2026 (Rupees In Crores) | Year ended 31 March 2025 (Rupees In Crores) |
|---|---|---|
| Net cash from operating activities (A) | 156.19 | 177.48 |
| Net cash used in investing activities (B) | (65.83) | (60.94) |
| Net cash used in financing activities (C) | (88.95) | (148.26) |
| Net increase in cash and cash equivalents | 1.41 | (31.72) |
| Cash and cash equivalents at the end of the year | 4.51 | 3.10 |
Financial Statements Summary
The detailed financial reports provide a comprehensive view of the company's performance across the reporting periods.The table below summarizes the core income and expense components:
| Component | Quarter ended 31.03.2026 | Quarter ended 31.12.2026 | Quarter ended 31.03.25 | Year ended 31.03.26 | Year ended 31.03.26 |
|---|---|---|---|---|---|
| Revenue from operations | 897.65 | 539.27 | 771.38 | 2,837.92 | 2,398.99 |
| Total Income | 900.23 | 640.83 | 773.10 | 2,846.24 | 2,406.06 |
| Total Expenses | 827.63 | 617.31 | 701.96 | 2,632.29 | 2,242.67 |
| Profit before tax | 72.60 | 23.62 | 71.14 | 213.95 | 162.38 |
| Profit for the period/year | 54.20 | 17.54 | 52.95 | 159.75 | 121.67 |
SMLMAH Stock Price Movement
Today, SML Mahindra Limited shares edged higher, concluding the session at ₹4321.6, up 0.48%. The stock traded throughout the day on a volume of 105,529 shares.Source:
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