Mahindra & Mahindra Sees 42% Year-Over-Year Increase in Consolidated Net Profit to Rs 4,668 Crore

Mahindra & Mahindra Reports 42% Jump in Consolidated Net Profit for Q4 FY26

Mahindra & Mahindra Ltd has announced a significant 42 percent year-on-year increase in consolidated net profit for the fourth quarter of FY26, reaching Rs 4,668 crore. This marks a substantial improvement from the Rs 3,295 crore reported in the same quarter of the previous fiscal year.

The company's consolidated revenue for the quarter grew by 29 percent on-year to Rs 54,982 crore, up from Rs 42,599 crore in the year-ago period. This revenue growth was accompanied by an increase in profitability, with the PAT margin rising to 8.5 percent from 7.7 percent in Q4 FY25.

Key Highlights

Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data

On a standalone basis, Mahindra & Mahindra's net profit rose by 53.3 percent year-on-year to Rs 3,737 crore, surpassing analysts' expectations. The company's standalone revenue increased by 26.2 percent to Rs 39,554 crore, while EBITDA grew by 18.8 percent to Rs 5,565 crore.

The automotive business remained the largest contributor, with consolidated Q4 revenue rising 32 percent year-on-year to Rs 34,294 crore. The farm equipment segment reported revenue of Rs 10,022 crore, up 26 percent year-on-year, while the services segment delivered stronger growth, with revenue rising 23 percent year-on-year to Rs 12,147 crore.

Operationally, the company reported total auto volumes of 307,000 units in Q4, up 21 percent year-on-year, while tractor volumes rose 36 percent to 120,000 units. Mahindra & Mahindra emerged as the second-largest passenger vehicle manufacturer in the domestic market in FY26, with its SUV volumes rising 19.73 percent year-on-year to 6,60,276 units.

Read also: US-Iran Tensions Spark Uptick in Oil Prices Amid Global Market Decline

The company's SUV volumes were driven by models like the Scorpio (178,800 units), Bolero (103,627 units), XUV 3XO (103,341 units), and Thar Roxx (81,746 units). The company's performance was supported by growth across its auto, farm, and services businesses, along with improved execution and operating discipline.

In a statement, Anish Shah, Group CEO & Managing Director, Mahindra & Mahindra, highlighted the company's strong execution and breakthrough performance across several Group companies, despite geopolitical headwinds and several disruptions throughout the year.

Rajesh Jejurikar, Executive Director and CEO (Auto and Farm Sector), Mahindra & Mahindra, noted that the SUV revenue share increased by 60 bps year-on-year, retaining the No 1 position, while tractors gained 90 bps in Q4 year-on-year, with a full-year market share of 43.6 percent.