Mahindra & Mahindra Ltd
MMBSE 500520Passenger Cars & Utility VehiclesMkt cap ₹3,54,536 Cr
Whole group, including subsidiaries — the figures companies headline.
Revenue · Q1 FY27
₹58,188 Cr
YoY +27.8%QoQ +5.8%
Net profit · Q1 FY27
₹5,998 Cr
YoY +37.0%QoQ +14.0%
Net margin · Q1 FY27
10.3%
+0.7 pts vs Q1 FY26
Net profit · FY26
₹18,622 Cr
YoY +32.3%
Quarterly results
| ₹ Cr | Q1 FY27 Apr–Jun 2026 | Q4 FY26 Jan–Mar 2026 | Q3 FY26 Oct–Dec 2025 | Q2 FY26 Jul–Sep 2025 | Q1 FY26 Apr–Jun 2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | 58,188 | 54,982 | 52,100 | 46,106 | 45,529 | +27.8% |
| Other income | 1,016 | 995 | 859 | 676 | 917 | +10.8% |
| Total income | 59,204 | 55,977 | 52,958 | 46,781 | 46,446 | +27.5% |
| Profit before tax | 7,261 | 6,361 | 6,104 | 5,589 | 5,166 | +40.5% |
| Tax | 1,631 | 1,654 | 1,547 | 2,094 | 1,268 | +28.6% |
| Net profit | 5,998 | 5,260 | 5,021 | 3,964 | 4,377 | +37.0% |
| Net margin | 10.3% | 9.6% | 9.6% | 8.6% | 9.6% |
Annual results
| ₹ Cr | FY26 Apr 2025–Mar 2026 | FY25 Apr 2024–Mar 2025 | FY24 Apr 2023–Mar 2024 | FY23 Apr 2022–Mar 2023 | FY22 Apr 2021–Mar 2022 | YoY |
|---|---|---|---|---|---|---|
| Revenue | 1,98,639 | 1,59,211 | 1,39,078 | 1,21,269 | 90,171 | +24.8% |
| Other income | 3,446 | 2,181 | 2,176 | 1,206 | 935 | +58.0% |
| Total income | 2,02,084 | 1,61,392 | 1,41,255 | 1,22,475 | 91,105 | +25.2% |
| Profit before tax | 23,220 | 17,542 | 14,856 | 12,555 | 7,506 | +32.4% |
| Tax | 6,563 | 5,006 | 3,708 | 2,686 | 2,109 | +31.1% |
| Net profit | 18,622 | 14,073 | 12,270 | 11,374 | 7,253 | +32.3% |
| Net margin | 9.4% | 8.8% | 8.8% | 9.4% | 8.0% |
BIC's take
- India Autos: Record Wholesale Headlines Are Hiding a ₹8,000 Cr Rural Two-Wheeler Problem25 May 2026
- India Autos FY27 Opens at Record Wholesale: But EV Share at 6.2% Masks a Two-Wheeler Problem Nobody Wants to Say Out Loud18 May 2026
- India Auto FY27: Wholesales Are Up, But 3 Numbers Suggest the Retail Story Is Murkier Than It Looks11 May 2026
Source: BSE filings · Data as of 2 Oct 2026, 5:50 pm IST· ₹ crore unless stated. Covers BSE 500 companies only. Consolidated figures include subsidiaries; standalone is the parent company alone. Growth is shown only against a positive base. Not investment advice — check the company's full filing before acting.