SML Mahindra Income Statement

Financials in millions INR. Fiscal year is April - March.

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Operating Revenue	28,379	23,990	21,959	18,216	9,242
Other Revenue	83.2	-	-	-	-
Revenue	28,462	23,990	21,959	18,216	9,242
Revenue Growth (YoY)	18.64%	9.25%	20.55%	97.11%	56.36%
Cost of Revenue	21,670	18,320	17,053	14,674	7,628
Gross Profit	6,792	5,669	4,906	3,542	1,614
Selling, General & Admin	2,276	2,876	2,707	2,386	1,745
Other Operating Expenses	1,649	452.73	413.24	342.22	276.6
Operating Expenses	4,446	3,812	3,596	3,153	2,457
Operating Income	2,347	1,857	1,311	389.77	-843.34
Interest Expense	-207.4	-282.24	-281.85	-208.42	-206.58
Interest & Investment Income	-	40.98	20.7	16.34	42.1
Currency Exchange Gain (Loss)	-	9.38	1.47	6.64	12.48
Other Non Operating Income (Expenses)	-	2.67	8.06	-30.63	-0.3
EBT Excluding Unusual Items	2,140	1,628	1,059	173.71	-995.63
Gain (Loss) on Sale of Assets	-	1.62	10.77	0.02	0.46
Asset Writedown	-	-5.76	-5.21	-0.97	-7.49
Pretax Income	2,140	1,624	1,065	172.76	-1,003
Income Tax Expense	542	407.02	-14.27	-25.6	-5.06
Net Income	1,598	1,217	1,079	198.35	-997.61
Net Income to Common	1,598	1,217	1,079	198.35	-997.61
Net Income Growth	31.29%	12.79%	443.87%	-	-
Shares Outstanding (Basic)	14	14	14	14	14
Shares Outstanding (Diluted)	14	14	14	14	14
Shares Change (YoY)	-0.00%	-	-	-	-
EPS (Basic)	110.39	84.08	74.54	13.71	-68.94
EPS (Diluted)	110.39	84.08	74.54	13.71	-68.94
EPS Growth	31.30%	12.80%	443.84%	-	-
Free Cash Flow	858.6	1,155	-921.06	487.56	-376.37
Free Cash Flow Per Share	59.33	79.81	-63.65	33.69	-26.01
Dividend Per Share	-	18.000	16.000	-	-
Dividend Growth	-	12.50%	-	-	-
Gross Margin	23.86%	23.63%	22.34%	19.45%	17.46%
Operating Margin	8.25%	7.74%	5.97%	2.14%	-9.13%
Profit Margin	5.61%	5.07%	4.91%	1.09%	-10.79%
Free Cash Flow Margin	3.02%	4.81%	-4.19%	2.68%	-4.07%
EBITDA	2,867	2,309	1,756	784.17	-439.85
EBITDA Margin	10.07%	9.63%	7.99%	4.30%	-4.76%
D&A For EBITDA	520.3	452.16	445.13	394.4	403.49
EBIT	2,347	1,857	1,311	389.77	-843.34
EBIT Margin	8.25%	7.74%	5.97%	2.14%	-9.13%
Effective Tax Rate	25.33%	25.07%	-	-	-
Revenue as Reported	28,462	24,050	22,013	18,247	9,301

Updated Mar 31, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.