M&M Q3 FY26: Revenue up 24% YoY, PAT jumps 47% to Rs 4,675 cr
M&M · price
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M&M reported Q3 FY26 consolidated revenue of Rs 51,580 cr, up 24% YoY from Rs 41,465 cr. PAT attributable to owners rose 47% to Rs 4,675 cr versus Rs 3,181 cr. For 9M FY26, revenue grew 23% to Rs 1,42,901 cr, PAT up 27% to Rs 13,362 cr. Automotive segment revenue jumped around 30% YoY while Farm Equipment grew 21%. Q3 EPS was Rs 41.85 versus Rs 28.51. Exceptional items of Rs 293 cr were booked for new Labour Codes retiral benefits, plus Rs 568 cr impairment in international Farm Equipment operations.
Strong broad-based growth across auto, farm and services with margin expansion; exceptional Labour Codes and impairment charges are one-time.