| Revenue growth | Q2 +25%; YTD +26% |
|---|---|
| Margins | Core tractor PBIT 17.6% vs 20.6%; TechM EBIT 14.8% |
| Order book | Aerospace cumulative order book Rs 11,500 cr |
| Demand visibility | Auto volumes up; Farm Q2 volumes -6%, H1 +7% |
Growth
Q2 revenue +25% YoY; YTD revenue +26%, YTD PAT +29%. Growth Gems PAT 3x; Auto PAT +55%; Farm PAT -9%.
Outlook
Core tractor margin pressure in Q3, improving in Q4, normal in F28. Farm subsidiary losses expected lower in F27 vs F26.
Risks
Commodity inflation, supply chain constraints, Farm volume and market share decline, tight liquidity, AI-led disruption at TechM, rising borrowing costs.
Investor Presentation filed with BSE, NSE: M&M. Summary written with AI assistance from the document.
Mahindra & Mahindra Ltd: key numbers
- Share price
- ₹3,125.90
- Market cap
- ₹3,88,715 Cr
- Revenue (annual)
- ₹1,98,639 Cr
- Net profit (annual)
- ₹17,099 Cr
- P/E (TTM)
- 21.1×Sector 31.6×
- Promoter holding
- 18.39%-0.06% QoQ
- FII holding
- 33.34%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 Management Change
Ms. Shuchi Suri will transition from Executive Vice-President, Mahindra Experiences to Chief Sales & Marketing Officer - Automotive Business. She ceases being Senior Management Personnel effective April 1, 2027.
Mahindra & Mahindra Results Update
Mahindra & Mahindra reported a 25% increase in Q2 F27 consolidated PAT to ₹4,588 Crore. Revenue for the period reached ₹57,553 Crore, driven by strong growth in the automotive sector.
- Value
- ₹57,553 Cr
Mahindra & Mahindra Q2 FY27 Results: Net Profit ₹5,167 Cr, Up 30.3% YoY
Mahindra & Mahindra Ltd reported revenue from operations of ₹57,515 Cr (+25.3% YoY) and net profit of ₹5,167 Cr (+30.3% YoY) for Q2 FY27.
- Key figure
- Net profit ₹5,167 Cr · +30.3% YoY
Mahindra & Mahindra Credit Rating
CARE Ratings reaffirmed Mahindra & Mahindra's bank facility ratings at CARE AAA; Stable / CARE A1+. The action covers existing facilities and raises no new debt.
Mahindra & Mahindra Other Announcement
Mahindra & Mahindra intimated that its RTA, KFin Technologies, is shifting its corporate office to a new Kokapet, Hyderabad address from 1 December 2026. The registered office is unchanged.
Mahindra & Mahindra Business Update
Mahindra & Mahindra reported record October 2026 auto sales of 131,109 units and record domestic SUV sales of 73,338. Tractor sales fell 13% YoY domestically, attributed to a festive calendar shift.