| Management target | Revenue FY27 |
|---|
| Revenue growth | Consolidated revenue up 28% YoY driven by Auto and Finance. |
|---|---|
| Margins | Pressure from commodities managed through proactive pricing and cost control. |
| Order book | Aerospace order book at $1.2B; sustained high SUV booking pipeline. |
| Demand visibility | Strong SUV demand; rural sentiment improving with recent rainfall recovery. |
| Management confidence | Optimistic and execution-focused, emphasizing the 18% ROE long-term target. |
Growth
Profits grew 34% YoY; SUV volumes rose 15%. Growth is high-quality, supported by turnaround success and diversified engines.
Outlook
Targeting 15% EBIT margins for TechM and doubling Auto production capacity by FY31.
Risks
Commodity inflation (400-500 bps) and rural volatility due to El Nino remain primary bear-case triggers.
Last quarter's promises, checked
Delivered
- Guided 15-20% EPS growth → delivered 57% annualized over 5 years (= BEAT)
- Guided 18% ROE target → delivered 20% for full year (= BEAT)
- Guided mid-to-high teens Auto volume growth → delivered 19% (= BEAT)
Partly delivered
- Targeted 56,500 SUV capacity → restricted by engine mix constraints (= PARTIAL)
Earnings Call Transcript filed with BSE, NSE: M&M. Summary written with AI assistance from 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
All →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
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
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
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.
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.
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.