Cars & Utility Vehicles company Mahindra & Mahindra announced Q1FY26 results Consolidated Financial Highlights: SUVs with revenue market share at 27.3%, up 570 bps, SUV volumes up 22% in Q1 LCVs <3.5T: market share at 54.2%^ , up 340 bps Tractors: market share at 45.2%, up 50 bps Electric 3 wheelers: market share at 38.7% MMFSL AUM up 15%; GS3 <4%, within defined range Tech Mahindra EBIT up 260 bps, continued focus on margin expansion Consolidated Revenue at Rs 45,529 crore, up 22% Consolidated PAT at Rs 4,083 crore, up 24% RoE at 20.6%; EPS at 36.4 Standalone Financial Highlights: Auto: Standalone PBIT excluding eSUV contract manufacturing 10%, up 50 bps Quarterly volumes at 247k (includes sales by LMM & MEAL), up 17%; UV volumes at 152k Q1 SUV revenue market share at 27.3% including eSUV, up 570 bps Standalone PBIT Rs 2,221 crore, up 24% Consolidated Revenue Rs 25,999 crore, up 31% Consolidated PAT Rs 1,760 crore, up 32% Farm: Standalone PBIT 19.8%, up 130 bps Q1 market share at 45.2%, up 50 bps; volumes at 133k, up 10% Standalone PBIT Rs 1,819 crore, up 21%; PBIT margin at 19.8%, up 130 bps Consolidated Revenue Rs 10,892 crore, up 12% Consolidated PAT Rs 1,323 crore, up 7% Services: Strong performance across businesses MMFSL AUM up 15%; GS3 <4% Tech Mahindra EBIT margin at 11.1%, up 260 bps; PAT up 34% Mahindra Lifespaces residential pre-sales of Rs 449 crore; GDV acquired Rs 3.5k crore, up 2.5x Club Mahindra occupancy at 85%; room keys up 10% Mahindra Logistics revenue Rs 1,625 crore, up 14% Consolidated Services Revenue Rs 9,874 crore, up 13% Consolidated Services PAT Rs 1,000 crore, up 40% Anish Shah, Group CEO & Managing Director, M&M;, said, “Q1F26 has been an excellent quarter, with broad-based growth across all our businesses. The operating excellence in our Auto and Farm businesses is evident in continued market share gains and margin expansion. TechM is witnessing momentum on deal wins, sustaining cost discipline and is moving steadily towards its F27 margin objectives. MMFSL’s calibrated approach to growth is manifesting in stable asset quality, with GS3 under 4% as committed. Our Growth Gems are progressing well on their value creation journeys.” Rajesh Jejurikar, Executive Director & CEO (Auto and Farm Sector), M&M.; said, “Our Auto and Farm businesses continue to lead with strong momentum in Q1F26, with gain of 570 bps YoY in SUV revenue share, and 340 bps YoY in LCV (< 3.5T) market share. In Tractors, we gained 50 bps YoY to reach 45.2% market share, the highest ever in a quarter. Our Auto Standalone PBIT margin (excl. eSUV contract mfg.) improved by 50 bps to 10.0% and core Tractor PBIT margins improved by 100 bps to 20.7%.” Amarjyoti Barua, Group Chief Financial Officer, M&M; said, “We are pleased with the performance of the group in the quarter, despite several macro challenges including geo-political disruptions. It demonstrates the resilience of the group. With our continued focus on capital discipline & operational metrics, we remain committed to shareholder value creation.” Result PDF