Mahindra & Mahindra Q2 results: net profit rises 24.9% to Rs 4,587.88 crore
Mahindra & Mahindra said in a filing with the National Stock Exchange that consolidated net profit for the September 2026 quarter was Rs 4,587.88 crore on revenue of Rs 57,514.98 crore.
Key points
- Mahindra & Mahindra said consolidated net profit attributable to owners was Rs 4,587.88 crore for the quarter ended 30 September 2026, up 24.9% on a year earlier.
- Revenue from operations rose 25.3% to Rs 57,514.98 crore from Rs 45,885.40 crore a year earlier, with automotive revenue up 39.0%.
- Net profit was 15.9% lower than the previous quarter's Rs 5,454.54 crore, while revenue was slightly below the previous quarter's Rs 57,533.44 crore.
Mahindra & Mahindra said in a filing with the National Stock Exchange that its consolidated net profit attributable to owners was Rs 4,587.88 crore for the quarter ended 30 September 2026, up 24.9% from Rs 3,673.32 crore a year earlier. Revenue from operations rose 25.3% to Rs 57,514.98 crore. The results are unaudited and were approved by the board on 5 November 2026.
What Happened
The company's filing gives consolidated figures, which include its subsidiaries, for the second quarter of FY27, with a limited review report from its statutory auditors, B S R & Co. LLP.
Revenue from operations was Rs 57,514.98 crore. That is 25.3% higher than Rs 45,885.40 crore in the same quarter a year earlier. It is slightly lower than the Rs 57,533.44 crore reported for the previous quarter.
Net profit attributable to the owners of the company was Rs 4,587.88 crore. That is 24.9% higher than a year earlier and 15.9% lower than the Rs 5,454.54 crore of the previous quarter. Profit after tax before the share of minority shareholders was Rs 5,166.77 crore, of which Rs 578.89 crore belongs to non-controlling interests, meaning shareholders in the group's subsidiaries other than the company itself. Basic earnings per share were Rs 41.04, against Rs 32.90 a year earlier and Rs 48.80 in the previous quarter.
By segment, the filing shows automotive revenue of Rs 37,756.35 crore, up 39.0% from Rs 27,170.87 crore a year earlier. Farm equipment revenue was Rs 9,571.58 crore, down 6.4% from Rs 10,225.01 crore a year earlier.
For the half year ended 30 September 2026, revenue from operations was Rs 1,15,048.42 crore, against Rs 91,321.28 crore in the same period last year. Net profit attributable to owners was Rs 10,042.42 crore, up 29.5% from Rs 7,756.64 crore.
What It Means
The filing shows that the group's sales and profit were both well above those of the same quarter last year, led by its automotive business. Farm equipment, the other large vehicle segment, recorded lower revenue over the year.
Compared with the previous quarter, revenue was almost unchanged while profit attributable to owners was lower. The filing does not give a reason for that quarter-on-quarter difference in the part of the document available.
These are the company's own unaudited figures as filed with the National Stock Exchange. The full consolidated and standalone statements, including the notes and the balance sheet, are in the filing linked with this story.
Oquilia Data: Mahindra & Mahindra Ltd. (NSE: M&M)
| Close, 4 Nov 2026 | Rs 2,961.90 (+1.85% on the day) |
|---|---|
| Return 1M / 3M / 6M / YTD / 1Y | +3.56% / −13.72% / −4.65% / −20.15% / −17.29% |
| Against Nifty 50, 1M / 3M / YTD | −3.30 / −11.06 / −11.85 points |
| 52-week closing high / low | Rs 3,802.40 (2 Jan 2026) / Rs 2,751.20 (8 Oct 2026) |
| Turnover, 20-session average | Rs 651.34 cr; 59.0% delivered; latest volume 1.6x |
Closes adjusted for splits and bonuses; returns exclude dividends. Facts from NSE's files, not investment advice.
Full record: Mahindra & Mahindra share price on Oquilia
Source: Company filing on NSE
Sources & Citations
- Company filing on NSE — National Stock Exchange of India