SML Mahindra Limited has submitted to the Exchange, the Outcome of Board Meeting held on 20th April 2026
SMLMAH · price
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SML Mahindra Limited reported strong audited financial results for FY2026 ending March 31, 2026. Full-year revenue from operations grew 18% to ₹2,837.92 Crores from ₹2,398.99 Crores in FY2025. Profit before tax jumped 32% to ₹213.95 Crores from ₹162.38 Crores, while net profit rose 31% to ₹159.75 Crores from ₹121.67 Crores. EPS improved significantly to ₹110.39 from ₹84.08. The Board recommended a final dividend of 235% (₹23.50 per share) totaling ₹34.01 Crores, subject to shareholder approval at the AGM on July 21, 2026 (record date July 3, 2026). Statutory auditors B S R & Co. LLP issued an unmodified opinion. The company also appointed Mr. K.N. Vaidyanathan, EVP & Group Chief Internal Auditor of Mahindra Group, as Internal Auditor for FY2026-27 replacing M/s S. Tandon & Associates LLP.
The 18-32% improvement in revenue and profits demonstrates strong operational performance. The 235% dividend payout signals management confidence and provides direct shareholder returns. The appointment of Mahindra Group's internal audit head may indicate deeper integration within the Mahindra ecosystem.