Mars M&M Posts 2.9% Gain in Share Price Following Q4 Earnings Release, Tops Nifty 50 Index.

Mahindra & Mahindra Share Price Jumps 3% Amid Q4 Results

Mahindra & Mahindra (M&M) share price surged nearly 3% on Wednesday, May 6, following the release of its Q4 results. The company reported a significant increase in its consolidated profit after tax (PAT) for the March quarter, driven primarily by growth in its auto and agriculture sectors.

Consolidated Profit After Tax Surges 48.5%

M&M's consolidated PAT for the March quarter reached ₹5,259.91 crore, a 48.5% surge compared to ₹3,541.85 crore reported in the same period last year. The company's regulatory announcement noted that this growth was primarily fueled by the expansion of its auto and agriculture sectors.

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Financial Highlights

The company's total expenses rose to ₹49,615.48 crore, up from ₹39,113.61 crore a year prior. However, the consolidated revenue from operations for the March quarter increased to ₹54,891.55 crore, compared to ₹42,585.67 crore in the same period last year.

Full Year Performance

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For FY26, the consolidated PAT reached ₹18,621.71 crore, a 32.32% increase from ₹14,073.17 crore in FY25. The consolidated revenue from operations for FY26 was ₹1,97,792.78 crore, compared to ₹1,58,749.75 crore in FY25.

Future Expectations

The company has indicated that the tractor industry is anticipated to grow at a low to mid-single-digit rate in the current year, while it aims for mid- to high-teen growth in the SUV segment for FY27. Additionally, M&M stated that its plans to increase manufacturing capacity are progressing as scheduled to support the volume growth it aims to achieve.

Brokerage Outlook

Motilal Oswal Financial Services has raised its EPS estimates by 4% for FY27E and 3% for FY28E, factoring in the company's strong outlook for FY27E. The brokerage expects the company to deliver a CAGR of around 15% in revenue, 12% in EBITDA, and 13% in PAT over FY26–FY28.

Nuvama Institutional Equities has also reported strong Q4FY26 performance, with revenue rising 26% year-on-year to ₹39,550 crore, surpassing its estimate of ₹38,150 crore. The brokerage has raised its FY27 and FY28 EPS estimates by 3% each and expects revenue and core earnings to grow at a CAGR of 13% and 7%, respectively, over FY26–28.

Brokerage Ratings