M&M Q2 PAT rises 25% to ₹4,588 crore on strong auto, finance performance

MUMBAI Mahindra & Mahindra (M&M) reported a 25% year-on-year (YoY) increase in consolidated profit after tax (PAT) to ₹4,588 crore for the second quarter ended September 30, 2026, driven by strong performances across its automobile, finance and services businesses. Consolidated revenue from operations rose 25% YoY to ₹57,515 crore during the quarter. In the standalone automobile business, PAT grew 13% to ₹5,102 crore, while revenue from operations increased 27% to ₹42,477 crore.

M&M reported a revenue market share of 24.3% in SUVs and 41.5% in tractors during the quarter. Its e-SUV revenue market share stood at 30.1%, while its electric three-wheeler market share was 36.2%. Mahindra Finance recorded 15% growth in assets under management (AUM), while Tech Mahindra posted a 33% YoY increase in PAT.

Anish Shah, Group CEO and Managing Director, M&M, said, “Our Q2 performance reflects the resilience of our group and underlines the disciplined execution across businesses.