Group revenue rises 22% to ₹46,106 crore; SUV and tractor segments post strong gains
Mahindra & Mahindra (M&M) reported robust second-quarter (Q2 FY26) results, driven by strong performances across its automotive and farm equipment businesses.
The company’s standalone profit after tax (PAT) grew 18% year-on-year to ₹4,521 crore, while revenue from operations rose 21% to ₹35,080 crore.
On a consolidated basis, M&M posted a 22% increase in revenue, reaching ₹46,106 crore. Consolidated PAT stood at ₹3,673 crore, marking a 28% growth when adjusted for one-time gains and accounting changes from the previous year.
In its automotive division, M&M continued to strengthen its leadership position. Utility vehicle (UV) sales hit 1,46,000 units during the quarter, boosting the company’s SUV revenue market share to 25.7%, up 390 basis points year-on-year. Including last-mile mobility (LMM) and Mahindra Electric Automobile Ltd (MEAL) models, total vehicle sales reached 2,61,703 units, a 13% increase over last year.
The Farm Equipment Sector also delivered a record performance. M&M achieved its highest-ever Q2 market share of 43%, gaining 50 basis points. Tractor volumes surged 32% year-on-year, with 1,22,936 units sold during the quarter.
With continued growth across both business segments, M&M’s Q2 results underline the group’s operational strength, product momentum, and leadership in India’s SUV and tractor markets.
