Mahindra & Mahindra Reports 22% Revenue Growth in Q2 F26
Filing Summary
Mahindra & Mahindra Ltd. announced its unaudited standalone and consolidated financial results for the second quarter and half-year ending September 30, 2025. The company reported a consolidated revenue of Rs 46,106 crore, marking a 22% increase from the previous year. The consolidated profit after tax (PAT) stood at Rs 3,673 crore, reflecting a 28% rise. The automotive segment achieved a revenue of Rs 27,171 crore, while the farm equipment sector recorded Rs 10,225 crore.
Mahindra & Mahindra Ltd. released its unaudited financial results for the second quarter and half-year ending September 30, 2025. The board of directors approved the results on November 4, 2025. The meeting commenced at 11:33 a.m. and concluded at 1:14 p.m. The company reported a consolidated revenue of Rs 46,106 crore, a 22% increase compared to the same period last year. The consolidated profit after tax (PAT) was Rs 3,673 crore, up by 28% from the previous year.
The automotive segment contributed significantly to the revenue, with a total of Rs 27,171 crore, representing a 25% increase. The segment’s profit before interest and tax (PBIT) was Rs 2,538 crore, with a PBIT margin of 9.3%. The farm equipment sector also showed strong performance, with a revenue of Rs 10,225 crore, marking a 25% rise. The PBIT for this segment was Rs 1,608 crore, with a PBIT margin of 15.7%.
Operationally, Mahindra & Mahindra maintained its leadership in several markets. The company held a 25.7% revenue market share in the SUV segment, a 53.2% market share in light commercial vehicles (LCVs) under 3.5 tons, and a 43.0% market share in tractors. The company also led the electric three-wheeler market with a 42.3% share. The financial services arm, MMFSL, reported a 45% increase in PAT, while Tech Mahindra’s EBIT margin improved by 250 basis points to 12.1%.
The timeline for the financial results covers the second quarter and half-year ending September 30, 2025. The board meeting to approve these results took place on November 4, 2025. The company has also uploaded the results on its official website for public access.
The entities involved in these results include Mahindra & Mahindra’s various business segments such as automotive, farm equipment, and services. The company’s financial services and technology arms, MMFSL and Tech Mahindra, also contributed to the overall performance. The board of directors, led by key executives, reviewed and approved the financial results.
In the context of market relevance, Mahindra & Mahindra’s performance in the automotive and farm equipment sectors underscores its strong position in these industries. The company’s leadership in SUVs, LCVs, and tractors highlights its competitive edge. The growth in the electric vehicle segment aligns with broader industry trends towards sustainable transportation solutions.
Mahindra & Mahindra Ltd. is a diversified conglomerate with interests in automotive, farm equipment, financial services, and technology. The company focuses on innovation and sustainability, aiming to strengthen its market position across various sectors. Its strategic priorities include expanding its electric vehicle offerings and enhancing digital transformation initiatives.