New Delhi [India], November 4 (ANI): Mahindra & Mahindra Limited (M&M) on Tuesday announced robust financial results for the quarter ended September 30, 2025, reporting a consolidated profit after tax (PAT) of Rs 3,673 crore, marking a 28 per cent increase from the same period last year. The performance reflects strong execution and steady growth across the company’s business segments, according to a Mahindra press release.
M&M said its financial services business recorded a 45 per cent rise in PAT, maintaining strong asset quality, while its technology arm, Tech Mahindra, expanded margins with a 250-basis-point improvement in EBIT.
Commenting on the results, Anish Shah, Group CEO and Managing Director of M&M Ltd., said, “We are pleased with the strong execution and solid performance delivered across the group in Q2 FY26. Auto and Farm sustained their leadership with consistent gains in market share and profitability. TechM is progressing well on its transformation journey.”
In the Auto division, Mahindra sold 2.62 lakh vehicles during the quarter, registering a 13 per cent rise in volumes. Utility Vehicle (UV) sales stood at 1.46 lakh, giving the company a 25.7 per cent share of the SUV market—an increase of 390 basis points over the previous year. The Auto segment’s standalone profit before interest and tax (PBIT) rose 14 per cent to Rs 2,281 crore, with margins improving to 9.2 per cent. Consolidated revenue from Auto operations increased 25 per cent to Rs 27,171 crore, while PAT grew 8 per cent to Rs 1,536 crore.
Rajesh Jejurikar, Executive Director and CEO (Auto and Farm Sector), said, “Strong performance of our Auto and Farm businesses continues in Q2 FY26, reinforcing our leadership position, with a gain of 390 bps YoY in SUV revenue share and 50 bps in Tractor market share.”
The Farm Equipment business achieved its highest-ever second-quarter market share of 43 per cent, with tractor volumes increasing 32 per cent to 1.23 lakh units. The segment’s standalone PBIT rose 48 per cent to Rs 1,684 crore, while revenue climbed 25 per cent to Rs 10,225 crore. The Farm division’s consolidated PAT surged 45 per cent to Rs 1,163 crore.
In Services, Mahindra Finance maintained strong profitability with a 45 per cent rise in PAT and asset quality (GS3) below 4 per cent. Tech Mahindra reported an EBIT margin of 12.1 per cent, up 250 basis points. Mahindra Lifespaces recorded pre-sales worth Rs 752 crore and doubled its gross development value to Rs 1,700 crore. Club Mahindra achieved a 73 per cent occupancy rate, while Mahindra Logistics’ revenue grew 11 per cent to Rs 1,685 crore. Overall, the Services segment reported revenue of Rs 10,048 crore, up 12 per cent, and PAT of Rs 975 crore.
Amarjyoti Barua, Group Chief Financial Officer, said, “Our solid Q2 consolidated results reflect the strength of our diversified portfolio. We remain committed to sustainable growth and value creation.” (ANI)
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