Mahindra & Mahindra Net Profit Rises 25% to Rs 4,588 Crore
Consolidated revenue from operations also climbed 25 per cent year-on-year to Rs 57,553 crore from Rs 46,106 crore in Q2 FY26.
Pune: Mahindra & Mahindra, the SUV specialist, on Thursday posted a 25 per cent year-on-year rise in consolidated net profit of Rs 4,588 crore for the second quarter ended September 30, 2026, compared to Rs 3,673 crore in the same period last year.
Consolidated revenue from operations also climbed 25 per cent year-on-year to Rs 57,553 crore from Rs 46,106 crore in Q2 FY26.
On a standalone basis, the automaker’s net profit increased 13 per cent year-on-year to Rs 5,102 crore, compared with Rs 4,521 crore in the corresponding period last year. Revenue from operations grew 26 per cent to Rs 44,282 crore from Rs 35,080 crore in the same period last year.
Nahindra’s standalone EBITDA rose 4 per cent year-on-year to Rs 6,718 crore from Rs 6,467 crore, indicating that operating profit growth lagged the sharp increase in revenue.
Total vehicle sales rose 26 percent to 3,30,896 units from 2,61,703 units a year earlier. However, tractor sales declined 6 per cent to 1,16,027 units from 1,22,936 units.
Mahindra’s automotive business recorded quarterly sales volumes of approximately 3.31 lakh units, up 26 per cent year-on-year. Utility vehicle volumes stood at 1.83 lakh units. Revenue from the SUV business increased 24.3 per cent year-on-year, reflecting strong demand for the company's utility vehicle portfolio.
Consolidated revenue from the automotive business increased 39 per cent to Rs 37,756 crore, while consolidated profit after tax surged 55 per cent to Rs 2,388 crore.
“Auto continued to grow on the back of strong consumer demand, while Farm experienced a marginal decline on account of the festive season shift,” said Anish Shah, Group CEO and Managing Director of M&M.
