Mahindra & Mahindra (M&M) reported a 47% year-on-year rise in net profit to ₹4,675 crore for Q3FY26, driven by its highest-ever quarterly revenue of ₹52,100 crore, up 26% from a year ago. Excluding provisions related to the new Laboure code, profit grew 54%, the company said.
The group-maintained leadership across key segments, ranking No.1 in SUV revenue market share at 24.1%, light commercial vehicles (LCVs) under 3.5 tones at 51.9%, and tractors at 44%. SUV market share rose 90 basis points, while LCV share improved 10 basis points.
Automotive volumes increased 23% to 302,000 units, with segment revenue rising 30% to ₹30,370 crore. Farm sector volumes climbed 23% to 150,000 units.
Group CEO Anish Shah cited strong customer demand and disciplined execution for the performance. M&M Financial Services’ PAT surged 97%, while Tech Mahindra reported a 13.1% EBIT margin.
Despite robust earnings, the stock was marginally down in afternoon trade.
Mahindra Q3 PAT Jumps 47% to ₹4,675 Crore on Record Revenue
