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M&M · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Mahindra & Mahindra reported strong FY26 results with consolidated revenue of Rs 198,639 crore, up 25% YoY, and consolidated PAT of Rs 17,099 crore, up 32% YoY (or 35% excluding a one-time land sale gain in F25). Q4 standalone PAT grew 53% to Rs 3,737 crore. The company maintained leadership across key segments: #1 in SUVs with 25.3% revenue market share, #1 in LCVs under 3.5T at 52.3%, and #1 in tractors at 43.6%. Auto segment revenue grew 30% to Rs 117,834 crore with PAT up 33%. Farm segment delivered 20% revenue growth at Rs 42,568 crore with PAT up 13%. Services segment saw robust PAT growth of 54% to Rs 4,960 crore, driven by Tech Mahindra EBIT margin improvement of 290 bps and Growth Gems momentum. The board declared a dividend of Rs 33 per share, up 30% YoY.
M&M delivered exceptional PAT growth exceeding 30%, beating the 25% threshold, with strong cash generation reinforcing the balance sheet. The 30% dividend hike signals management confidence, and market share gains across all major businesses suggest sustained competitive strength, likely supporting a positive re-rating of the stock.