Mahindra & Mahindra Ltd. (M&M) for the second quarter ended September 30, 2025, reported a 16% growth in consolidated net profit at ₹3,673 crore as compared with ₹3,171 crore in the year-ago period backed by strong operating performance across businesses, the company said.
Consolidated revenue for the quarter grew 22% Year on Year (YoY) to ₹46,106 crore.
Auto and Farm divisions continued to deliver on growth and margins. Financial services delivered 45% growth in PAT, while keeping asset quality strong.
TechM continued its journey of margin expansion with EBIT improvement of 250 bps. The company’s growth gems continued to make strong progress with notable commercial wins in Aero, 2 times presales at Mahindra Lifespaces & double-digit revenue growth in others, the company said.
Quarterly Auto volumes at 2,62,000 units included sales by LMM & MEAL, up 13%; UV volumes were at 1,46,000 units.
The company’s Q2 SUV revenue market share was at 25.7%, up 390 bps .
The Farm business reported highest ever Q2 market share at 43.0%, up 50 bps; volumes at 123000 units was up 32%.
Anish Shah, Group CEO & Managing Director, M&M Ltd., said, “We are pleased with the strong execution and solid performance delivered across the group in Q2’F26.”
“Auto and Farm sustained their leadership with consistent gains in market share and profitability. TechM is progressing well on its transformation journey. MMFSL achieved a 45% PAT growth and remains committed to quality growth and digital transformation,” he said.
“Our Growth Gems are steadily advancing towards their ambitious goals, reinforcing our long-term value creation potential,” he added.
Rajesh Jejurikar, Executive Director & CEO (Auto and Farm Sector), M&M Ltd., said, “Strong performance of our Auto and Farm businesses continues in Q2’F26 reinforcing our leadership position, with a gain of 390 bps YoY in SUV revenue share, and 100 bps YoY in LCV (< 3.5T) market share.”
“In Tractors, we gained 50 bps YoY to reach 43.0% market share. Our Auto Standalone PBIT margin (excl. e-SUV Contract Mfg.) improved by 80 bps to 10.3% and core Tractor PBIT margins improved by 190 bps to 20.6%,” he said.
Amarjyoti Barua, Group Chief Financial Officer, M&M Ltd., said, “Our solid Q2 consolidated results reflects the strength of our diversified portfolio. We continue to deliver on our strategic priorities.”
“We had strong cash generation in the first half, delivering over 10k crores of operating cash flow. We remain committed to sustainable growth and value creation,” he added.
Published – November 04, 2025 11:34 pm IST
