Mahindra & Mahindra Q2FY26 Profit Rises 28% to ₹3,673 Crore, Revenue Jumps 22%

Mumbai, November 4, 2025: Mahindra & Mahindra Ltd has delivered an outstanding financial performance for its second quarter of the financial year 2026. The consolidated financial reports show a net profit of ₹3,673 crore on a 28% year-on-year basis. The company’s strong performance across its automotive, farm, and financial services segments has driven its financial growth.

As of 4 November 2025, the share price of Mahindra & Mahindra closed at ₹3,584.30, up 35.40 or 1.00% from its previous close of ₹3,548.90. The share opened at ₹3,548.60 and had its intraday high and low range between ₹3,632.80 and ₹3,537.20.

Key Financial Highlights

In Q2FY26, the company reported a consolidated revenue of ₹46,106 crore, marking a robust 22% year-on-year (YoY) growth. Profit after tax (PAT), excluding one-time gains, rose by 28% to ₹3,673 crore. On a standalone basis, revenue increased by 21%, while PAT grew by 18%. The company’s annual return on equity (ROE) stood strong at 19.4%.

Segment Performance

The company reported strong growth across its key business segments – the Automotive Division, Farm Equipment Division, and Service Segment. Revenue rose by 25%, 25%, and 12% respectively in each division. Profit Before Interest and Tax (PBIT) and margins also saw notable improvement, with the Automotive Division posting ₹2,538 crore and 9.3%, the Farm Equipment Division recording 44% growth and 15.7% margin, and the Service Segment reporting a 16% year-on-year increase in PBIT.

In the automotive division, the company has a firm hold on the SUV section, and the light vehicle margin also increased in that category. The farm division has sold 1.23 million tractors, reaching an all-time high of 43%.

Management Commentary

The management expressed confidence in the group’s robust execution and consistent growth across divisions.

Dr. Anish Shah, Group CEO & Managing Director, stated, “We are satisfied with the strong implementation and sound performance delivered across the group. Auto and Farm maintained their leadership position with consistent growth in market share and profitability. MMFSL delivered a strong 45% growth in PAT while sustaining strong asset quality.”

Rajesh Jejurikar, Executive Director & CEO – Auto and Farm Sector, highlighted the division’s continued dominance, noting, “Our Auto and Farm businesses continue to reaffirm leadership. The SUV, LCV, and tractor shares remain strong, with Auto PBIT margin increasing to 10.3% and Tractor PBIT margin rising to 20.6%.”

Group CFO Amarjyoti Barua added, “Our diverse portfolio remains resilient and continues to deliver strong performance. We have generated operating cash flows exceeding ₹10,000 crore in the first half of the year, underscoring our financial discipline and commitment to sustainable growth.”

REF: https://nsearchives.nseindia.com/corporate/Shaibya_04112025132917_SEIntimationPRonFinancials.pdf

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