Mahindra & Mahindra (M&M) reported consolidated revenue of ₹385.17 billion and profit after tax (PAT) of ₹39.31 billion for Q3 FY26. Driven by strong auto and farm sector volumes, the company posted nearly 30% revenue growth and 33% profit rise year-on-year, reinforcing its leadership in India’s automotive industry.
Revenue Performance
M&M’s consolidated revenue for Q3 FY26 stood at ₹385.17 billion, marking a sharp year-on-year increase of nearly 30%. This growth was fueled by strong demand in both the automotive and farm equipment segments.
Profit Surge
Profit after tax (PAT) rose to ₹39.31 billion, reflecting a 33% jump compared to the same quarter last year. Analysts attribute this to improved operating margins and healthy realizations across product lines.
Sector Drivers
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Automotive: SUV sales continued to dominate, with models like Scorpio-N and XUV700 driving volumes.
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Farm Equipment: Tractor sales remained resilient, supported by rural demand and mechanization trends.
Market Impact
M&M’s share price has delivered multibagger returns over the past decade, rising over 566% in ten years. The Q3 results reinforce investor confidence, with analysts projecting continued momentum in FY26.
Strategic Outlook
The company is expanding manufacturing capacity in Maharashtra and investing in EV development, positioning itself strongly for future growth in both domestic and global markets.
Outlook
Mahindra & Mahindra’s Q3 FY26 results highlight its ability to balance strong automotive demand with resilient farm equipment sales. With robust financials and strategic investments in EVs and manufacturing, M&M is well-placed to sustain growth and strengthen its competitive edge in India’s evolving mobility landscape.
Sources: Reuters, Economic Times, Business Standard, Hindu BusinessLine