Please refer enclosed
M&M · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Mahindra reported strong F26 consolidated PAT of Rs 17,099 crore (up 35% excluding F25 land sale gains), with Q4 PAT growing 42% to Rs 4,668 crore. Revenue grew 25% to Rs 1,98,639 crore, and ROE reached 20%. Auto segment delivered 33% PAT growth (Rs 7,842 crore) with 19% volume growth and 80 bps margin expansion; Farm grew 13% (Rs 4,298 crore) with 24% volume growth and 150 bps margin improvement. TechM contributed Rs 1,342 crore (up 14%) with 290 bps EBIT margin expansion, while Mahindra Finance delivered 60% PAT growth to Rs 1,495 crore. Management provided FY27 outlook: tractor industry mid single-digit growth, SUV mid-to-high teen growth aspiration, LCV high single-digit growth. Multi-year targets set for Auto (2-3x revenue by F31), Farm (1.5-2x), TechM (2-2.5x), and MMFSL (2x AUM). AI initiatives (M.AI) targeting Rs 10,000 crore revenue share by FY27.
Strong all-round performance with margin expansion across businesses; multi-year growth targets signal continued execution confidence, supporting positive outlook for shareholders.