MAHINDRA & MAHINDRA LTD. Q4 FY26 Results

Summary

Mahindra & Mahindra Ltd. reported strong financial performance for Q4 and the full fiscal year ended March 31, 2026. For FY26, consolidated revenue surged by 25% to ₹198,639 crore, while consolidated Profit After Tax (PAT) grew by an impressive 35% to ₹17,099 crore, excluding F25 gains on land sale. The fourth quarter also saw robust growth, with consolidated PAT increasing by 42% to ₹4,668 crore. The Auto and Farm segments continued to lead their respective markets, contributing significantly with 27% revenue growth and 25% profit increase. Dr. Anish Shah, Group CEO & Managing Director, highlighted FY26 as a defining year marked by strong execution and breakthrough performance across the group, despite geopolitical headwinds.

Key Highlights

1. 1

   Consolidated Profit After Tax for FY26 reached ₹17,099 crore, marking a 35% year-over-year increase (excluding F25 gains on land sale).

2. 2

   For Q4 FY26, consolidated Profit After Tax grew by 42% to ₹4,668 crore.

3. 3

   The company declared a dividend of ₹33.0 per share, representing a 30% increase for FY26.

4. 4

   Consolidated revenue for FY26 stood at ₹198,639 crore, an increase of 25% year-over-year.

5. 5

   The Auto and Farm segments maintained market leadership in key categories, achieving 27% revenue growth and a 25% increase in profits combined.

6. 6

   FY26 Return on Equity (RoE) was strong at 20.1%, with Earnings Per Share (EPS) reaching ₹152.2.

7. 7

   Growth Gems, including Real Estate, Logistics, and Accelo, demonstrated strong momentum with a 50% increase in PAT attributable to M&M for FY26.