Mahindra & Mahindra Limited has informed the Exchange regarding a press release dated November 04, 2025, titled "Press Release on Unaudited Standalone and Consolidated Financial Results of the Company for the Second Quarter ended 30th September, 2025".
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Awaiting price reaction for this filing.
Mahindra & Mahindra reported a strong Q2 FY26 with consolidated PAT up 28% (excluding one-time items) to Rs 3,673 crore on revenue of Rs 46,106 crore, up 22% year-on-year. Standalone PAT grew 18% to Rs 4,521 crore with revenue up 21% at Rs 35,080 crore and EBITDA up 23% at Rs 6,467 crore. The company gained market share across core segments — SUVs (25.7%, up 390 bps), Tractors (43%, up 50 bps to a record Q2 high), and LCVs under 3.5T (53.2%, up 100 bps). Auto volumes rose 13% to 262k units and tractor volumes jumped 32% to 123k units. Subsidiary performance was strong: MMFSL PAT grew 45% with stable asset quality (GS3 below 4%), Tech Mahindra's EBIT margin expanded 250 bps to 12.1%, and Mahindra Lifespaces residential pre-sales doubled year-on-year. The group generated over Rs 10,000 crore in operating cash flow in H1 FY26, with annualised RoE at 19.4%.
Broad-based outperformance across automotive, farm, financial services, IT and growth gems — combined with market share gains, margin expansion and robust cash generation — points to strong fundamentals that should be viewed positively by shareholders. Expect the stock to react favourably given the beat on growth, profitability and leadership positions.