Mahindra & Mahindra Limited said on Thursday that its board had approved the financial results for the quarter ended September 30, 2026. Consolidated revenue rose 25 per cent year on year to Rs 57,553 crore, from Rs 46,106 crore, and consolidated profit after tax (after non-controlling interest) rose 25 per cent to Rs 4,588 crore, from Rs 3,673 crore, the company said in its results release.

Source: Mahindra & Mahindra results release

The Hindu BusinessLine reported the same consolidated figures, adding that for the half year ended September 30, consolidated profit attributable to owners stood at Rs 10,042 crore, up 29 per cent, while consolidated revenue grew 26 per cent to Rs 1,15,741 crore.

Source: The Hindu BusinessLine

Rs 4,588 croreConsolidated PAT, up 25% YoY
Rs 57,553 croreConsolidated revenue, up 25% YoY
Rs 37,756 croreAuto consolidated revenue, up 39%
Rs 5,102 croreStandalone PAT, up 13% YoY

The automotive business powered the quarter: consolidated auto revenue increased 39 per cent to Rs 37,756 crore and auto profit after tax rose 55 per cent to Rs 2,388 crore. Group CEO and Managing Director Dr Anish Shah said: "Our Q2 F27 Consolidated PAT growth of 25% reflects the resilience of our group and underlines the disciplined execution across businesses. Auto continued to grow on the back of strong consumer demand, while Farm experienced a marginal decline on account of the festive season shift."

The farm segment moved the other way: consolidated farm revenue fell 6 per cent to Rs 9,572 crore and farm profit after tax declined 9 per cent to Rs 1,053 crore, the company said.

On a standalone basis, profit after tax rose 13 per cent to Rs 5,102 crore, from Rs 4,521 crore a year earlier, and standalone revenue from operations rose 27.1 per cent to Rs 42,477 crore, Autocar Professional reported from the exchange filing. Its automotive segment revenue grew 36.1 per cent to Rs 33,937 crore, and profit before tax rose 9.4 per cent to Rs 6,638 crore.

Source: Autocar Professional

Rajesh Jejurikar, Executive Director and CEO (Auto and Farm Sector), said SUV volumes grew 26 per cent year on year and retained market leadership in revenue market share, the electric vehicle range kept the number-one position in revenue market share for the first half of the year, and auto consolidated PBIT margin grew to 8.8 per cent.

Mahindra shares rallied after the results, gaining nearly 5 per cent in Thursday's trade as investors rewarded the SUV-led growth and the group's disciplined execution across businesses.