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Earnings Call

Mahindra & Mahindra Earnings Call: Key Takeaways

M&M reported robust Q4 F26 performance with consolidated revenue at ₹54,982 cr (+29% YoY) and PAT at ₹4,668 cr (+42% YoY). ROE reached 20%.

Why this was an Alfa AlertNot a filter event. Performance is strong but management did not explicitly state a 5%+ beat over prior guided upper ends.
Highlights
Revenue growth29% Q4 YoY; 25% FY26 YoY
MarginsAuto margins +80bps; Farm +150bps; TechM +290bps
Order bookLarge order pipeline in Aerostructures
Demand visibilityStrong SUV demand; No. 1 SUV player
Management confidenceHigh; focusing on 'Acceleration in Uncertainty'

Growth

FY26 consolidated PAT grew 35% to ₹17,099 cr; Revenue grew 25% to ₹1.98 Lakh cr.

Outlook

Aggressive targets for F31: Auto revenue 2-3x, Farm 1.5-2x; Scaling AI for ₹4100cr revenue share by FY27.

Risks

Short-term inflation pressures; geopolitical risks; supply chain disruptions across 82 high-risk part families.

Source

Earnings Call filed with NSE, NSE: M&M. Summary written with AI assistance from the document.

Read the document ↗

Mahindra & Mahindra Ltd: key numbers

Share price
₹3,035.00
Market cap
₹3,77,411 Cr
Revenue (annual)
₹1,98,639 Cr
Net profit (annual)
₹17,099 Cr
P/E (TTM)
20.4×Sector 33.6×
Promoter holding
18.45%+0.00% QoQ
FII holding
34.89%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

More from Mahindra & Mahindra Ltd

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14:42 IST BSE
Debt & Borrowing

Mahindra & Mahindra Debt & Borrowing: ₹475 Cr

Mahindra & Mahindra Limited has completed the full redemption of its 7.57% unsecured non-convertible debentures. The total payment of ₹475.00 Crore was made upon maturity.

Value
₹475.0 Cr
14:41 IST BSE
Debt & Borrowing

Mahindra & Mahindra Debt & Borrowing: ₹34.74 Cr

Mahindra & Mahindra Ltd paid Rs. 34.74 Crore interest on its 7.57% unsecured non-convertible debentures. The payment was completed on the due date of September 25, 2026.

Value
₹34.74 Cr
14:28 IST BSE
Debt & Borrowing

Mahindra & Mahindra Debt & Borrowing: ₹510.6 Cr

Mahindra & Mahindra Ltd has completed the full redemption of its 7.57% Non-Convertible Debentures worth Rs. 475 Crore. The company also paid annual interest of Rs. 35.56 Crore.

Value
₹510.6 Cr
11:01 IST BSE
Board Meeting Date

Mahindra & Mahindra Board Meeting Date

Mahindra & Mahindra's board meeting is scheduled for 5 November 2026 to approve Q2 H1 results. The trading window closes from 1 October to 7 November 2026.

22:40 IST BSE
Employee Stock Options

Mahindra & Mahindra Employee Stock Options

Mahindra & Mahindra transferred equity shares from its ESOP Trust to 172 employees following the exercise of stock options granted under its Employee Stock Option Scheme.

16:15 IST NSE
Other Announcement

Mahindra & Mahindra Other Announcement

Dr. Anish Shah, Group CEO and MD, sold 76,357 equity shares to fund tax liabilities from ESOP exercises. This is a routine personal transaction disclosure.