SML Mahindra, a leading manufacturer of commercial vehicles, reported a 2.36% year-on-year increase in standalone net profit for the fourth quarter of FY26, amounting to ₹54.20 crore compared to ₹52.95 crore in the same quarter last year. Revenue from operations saw a significant rise of 16.39%, reaching ₹897.65 crore. However, total expenses also increased by 17.90% to ₹827.63 crore, driven by a 15.68% rise in the cost of materials consumed, which totaled ₹624.22 crore, and a 1.99% increase in employee benefits expenses, amounting to ₹53.71 crore. The profit before tax for the quarter was ₹72.60 crore, reflecting a 2.05% growth YoY. For the entire financial year FY26, SML Mahindra reported a robust performance with a 31.29% increase in net profit to ₹159.75 crore and total revenue rising by 18.29% to ₹2,837.92 crore. The company’s board has recommended a final dividend of ₹23.50 per equity share for the fiscal year ending March 31, 2026.