Cars & Utility Vehicles company Mahindra & Mahindra announced Q4FY26 & FY26 results Standalone Financial Highlights: Revenue from operations for Q4FY26 reached Rs 39,554.13 crore, reflecting a YoY growth of 26.15% compared to Rs 31,353.40 crore in Q4FY25 and a QoQ increase of 2.69% from Rs 38,516.81 crore in Q3FY26. For FY26, standalone revenue from operations stood at Rs 1,45,575.77 crore, representing a growth of 24.98% over Rs 1,16,483.68 crore in FY25. Total Income for Q4FY26 was Rs 40,244.81 crore, showing a YoY increase of 25.29% from Rs 32,121.21 crore in Q4FY25 and a QoQ growth of 1.53% from Rs 39,639.45 crore in Q3FY26. The annual Total Income for FY26 reached Rs 1,50,540.29 crore compared to Rs 1,20,336.40 crore in FY25. Profit before tax (PBT) for Q4FY26 was Rs 4,881.24 crore, an increase of 45.93% YoY from Rs 3,345.02 crore in Q4FY25, but a QoQ decline of 6.17% compared to Rs 5,202.27 crore in Q3FY26. For FY26, standalone PBT grew by 31.78% to Rs 20,624.21 crore from Rs 15,650.12 crore in FY25. Profit after tax (PAT) for Q4FY26 stood at Rs 3,737.27 crore, marking a 53.35% YoY increase from Rs 2,437.14 crore in Q4FY25 and a 4.94% QoQ decrease from Rs 3,931.30 crore in Q3FY26. The annual PAT for FY26 was Rs 15,638.93 crore, representing a 31.92% growth over FY25 Rs 11,854.96 crore. Basic Earnings Per Share (EPS) for Q4FY26 was Rs 31.10, while FY26 EPS reached Rs 130.18 compared to Rs 98.80 in FY25. Consolidated Financial Highlights: Consolidated Revenue from operations for Q4FY26 reached Rs 54,891.55 crore, a YoY increase of 28.89% from Rs 42,585.67 crore in Q4FY25 and a QoQ increase of 6.42% from Rs 51,579.95 crore in Q3FY26. Annual consolidated revenue for FY26 stood at Rs 1,97,792.78 crore, reflecting a 24.59% growth from Rs 1,58,749.75 crore in FY25. Total Income for Q4FY26 reached Rs 55,976.75 crore, marking a YoY growth of 29.27% from Rs 43,301.04 crore in Q4FY25 and a QoQ growth of 5.7% from Rs 52,958.27 crore in Q3FY26. The annual consolidated Total Income for FY26 reached Rs 2,02,084.34 crore compared to Rs 1,61,391.87 crore in FY25. Consolidated PBT for Q4FY26 was Rs 6,914.10 crore, a 49.43% YoY increase from Rs 4,626.80 crore in Q4FY25 and a 5.26% QoQ increase from Rs 6,568.62 crore in Q3FY26. For FY26, consolidated PBT grew by 32.0% to Rs 25,184.76 crore from Rs 19,079.62 crore in FY25. Consolidated PAT for Q4FY26 stood at Rs 5,259.91 crore, a 48.51% YoY increase from Rs 3,541.85 crore in Q4FY25 and a 4.75% QoQ increase from Rs 5,021.47 crore in Q3FY26. The annual consolidated PAT for FY26 was Rs 18,621.71 crore, representing a 32.32% growth over FY25 Rs 14,073.17 crore. Basic consolidated EPS for Q4FY26 was Rs 41.77, with the annual FY26 EPS at Rs 153.10 compared to Rs 115.91 in FY25. Business Highlights Dividend: The Board of Directors recommended a final dividend of Rs 33.00 (660%) per equity share of face value Rs 5 each for FY26. Exceptional Items: The group recognized an exceptional item of Rs 292.94 crore for the year ended March 31, 2026, due to the incremental impact on retiral benefits following the notification of the new Labour Codes. Segment Performance (Consolidated FY26 Revenue): Automotive: Segment revenue for FY26 reached Rs 1,17,834.13 crore, marking a 29.74% YoY increase from Rs 90,824.58 crore in FY25. Farm Equipment: Segment revenue for FY26 reached Rs 42,568.39 crore, showing a growth of 20.33% over FY25 Rs 35,375.30 crore. Financial Services: Segment revenue for FY26 was Rs 20,949.32 crore, reflecting a 14.5% YoY increase from Rs 18,295.83 crore in FY25. Industrial Businesses and Consumer Services: Segment revenue for FY26 reached Rs 22,748.93 crore, a YoY growth of 19.91% compared to Rs 18,971.43 crore in FY25. Borrowings: Outstanding long-term borrowings as of March 31, 2026, stood at Rs 1,056.09 crore compared to Rs 1,135.05 crore at the start of the financial year. Asset Performance: Consolidated total assets grew to Rs 3,17,634.64 crore as of March 31, 2026, up from Rs 2,77,586.27 crore as of March 31, 2025. Result PDF
Cars & Utility Vehicles company Mahindra & Mahindra announced Q3FY26 results Consolidated PAT at Rs 4,675 crore, up 54%. Consolidated Revenue at Rs 52,100 crore, up 26%. RoE at 20.1% (annualized). #1 in SUVs with revenue market share at 24.1%, up 90 bps. #1 in LCVs <3.5T: market share at 51.9%, up 10 bps. #1 in Tractors: market share at 44.0%, down 20 bps. #1 in electric 3 wheelers: market share at 38.6%, MMFSL PAT up 97% ; stable GS3 <4%. Tech Mahindra EBIT at 13.1% up 290 bps. Growth Gems: Logistics profitable after 11 quarters, 5X PAT growth at Lifespaces. Anish Shah, Group CEO & Managing Director, said: “We are delighted to report solid operating performance across the group in Q3FY26, reflecting our strong focus on growth coupled with disciplined execution. Auto & Farm has maintained its leadership position on the back of steady customer demand, strong product acceptance and unwavering focus on operational excellence. TechM continues to make meaningful progress. Mahindra Finance delivered another solid quarter with meaningful PAT growth while maintaining strong asset quality. We are especially pleased to see breakout performance from two of our growth gems, Mahindra Logistics and Mahindra Lifespaces.” Rajesh Jejurikar, Executive Director & CEO (Auto & Farm Sector), said: “Auto and Farm businesses delivered strong performance in Q3FY26. We have achieved a 90 bps YoY increase in SUV revenue share and 10 bps YoY increase in LCV (< 3.5T) market share in Q3. Our tractor business gained 20 bps YoY to reach an impressive 44.1% share for YTD FY26. Our new launches XEV 9S, and the XUV 7XO have received very positive response in the market.” Amarjyoti Barua, Group Chief Financial Officer, said: “Our Q3 consolidated results reflects the strength and depth of our diversified portfolio. Our services businesses continue to increase their contribution to the overall results. Our results are also translating into a very strong Balance Sheet.” Result PDF