SML Mahindra

SML Mahindra reported a strong FY26 with revenue up 18%Current reported value: 18%. No comparable prior figure is available in the source record. YoY and PAT up 31%Current reported value: 31%. No comparable prior figure is available in the source record. YoY, outperforming industry volume growth of 13% with its own 17% growth. The integration post-acquisition is ahead of plan, with 70 of 150 cross-service network points already operational. Management reiterated its aspiration to reach 10-12%Current reported value: 10-12%. No comparable prior figure is available in the source record. market share by FY31 (from ~6% currently) and a revenue target of ₹15,000 croreCurrent reported value: ₹15,000 crore. No comparable prior figure is available in the source record.. Q4 saw a 16% revenue increase but PAT grew only 2% due to commodity cost inflation of ~1.3% margin headwind, partially offset by 2-3% price hikes in April. The key risk is potential demand deferment from diesel price increases and geopolitical uncertainty, though management has scenario plans in place.