| Revenue growth | +25% YoY; operating-led, no one-time monetisation this quarter. |
|---|---|
| Margins | Auto margin 9.8% (Q1 8.9%); consolidated 8.8%; modestly down YoY. |
| Order book | 7XO waits 6-7 months; 9S longest; most others 1.5-2 months. |
| Demand visibility | SUV, LCV, EV demand strong; dealer stocks low; tractors cut to flattish. |
| Management confidence | Confident, candid; resilience emphasised, reiterated 18% ROE target. |
Growth
Revenue +25%, PAT +25%, YTD PAT +29%; operating-led. Auto +55%, farm -9%, with no monetisation this quarter.
Outlook
Auto capacity 82k by end FY27, 92k next year, 132k by FY31. Auto margin to hold near 9% range.
Risks
Tractor industry cut to flattish; commodity inflation (steel +17%, copper +42%, rubber +40%); monsoon deficit; international subs stressed.
Earnings Call Transcript filed with BSE, NSE: M&M. Summary written with AI assistance from the document.
Mahindra & Mahindra Ltd: key numbers
- Share price
- ₹3,239.40
- Market cap
- ₹4,02,829 Cr
- Revenue (annual)
- ₹1,98,639 Cr
- Net profit (annual)
- ₹17,099 Cr
- P/E (TTM)
- 20.8×Sector 32.9×
- 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 Investor Presentation: Key Takeaways
Q2 FY27 consolidated revenue Rs 57,553 cr (+25%) and PAT Rs 4,588 cr (+25%). H1 PAT +29%, H1 EPS Rs 89.5, annualised RoE 21%.
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.