M&M reported a revenue market share of 24.3% in SUVs and 41.5% in tractors during the quarter.
| Photo Credit: The Hindu
Mahindra & Mahindra (M&M) reported a 25% year-on-year (YoY) increase in consolidated profit after tax (PAT) to ₹4,588 crore for the second quarter ended September 30, 2026, driven by strong performances across its automobile, finance and services businesses.
Consolidated revenue from operations rose 25% YoY to ₹57,515 crore during the quarter.
In the standalone automobile business, PAT grew 13% to ₹5,102 crore, while revenue from operations increased 27% to ₹42,477 crore.
M&M reported a revenue market share of 24.3% in SUVs and 41.5% in tractors during the quarter. Its e-SUV revenue market share stood at 30.1%, while its electric three-wheeler market share was 36.2%. Mahindra Finance recorded 15% growth in assets under management (AUM), while Tech Mahindra posted a 33% YoY increase in PAT.
Anish Shah, Group CEO and Managing Director, M&M, said, “Our Q2 performance 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.”
“Mahindra Finance maintained its growth trajectory, Tech Mahindra displayed acceleration in its transformation journey, and our Growth Gems continued their momentum. Despite the uneven macroeconomic environment, the group remains focused on laying the foundation for consistent profitable growth,” he added.
Rajesh Jejurikar, Executive Director and CEO (Auto and Farm Sector), said, “Auto Business delivered strong performance while Farm business continues to demonstrate strong resilience in Q2F27.”
Group CFO Amarjyoti Barua said the results reflected the strength of the diversified portfolio, with businesses demonstrating operational discipline and resilience amid commodity and geopolitical headwinds.
“The robust balance sheet and cash generation also provides us the flexibility to invest in future opportunities and deliver sustainable value,” he added.
Published – November 05, 2026 08:16 pm IST
