M&M Q4 Results: Automobile major Mahindra & Mahindra (M&M) announced its January-March quarter results for fiscal 2025-26 (Q4FY26) reporting a surge of 53% in standalone net profit to Rs 3,737 crore, compared to Rs 2,437 crore in the corresponding period last year. Along with the results, the M&M board also recommended a final dividend of Rs 33 per ordinary equity share of face value Rs 5 each for FY26. The record date for the final dividend is Friday, July 3, 2026.
The surge in profit was primarily driven by its auto and farm sectors.The Scorpio-maker's revenue from operations during the fouth quarter of FY26 came in at Rs 39,601 crore, up 25.3% from Rs 31,609 crore recorded in the corresponding quarter of the previous financial year. M&M's earnings before interest, taxes, depreciation, and amortization rose 18% to Rs 5,564 crore compared to Rs 4,682 crore in the same period last year. EBITDA margin stood at 14.1% compared to 14.9% YoY.
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M&M Q4 Results: Outlook, management commentary
On the outlook, the company said the tractor industry is expected to grow in low-to-mid single digit during the current year, adding that the company is aspiring for mid- to high teen growth in the SUV segment for FY27. It also said the manufacturing capacity ramp-up plans are on-track to meet the volume growth the company is aspiring for. On the other hand, the LCV (<3.5T) segment is estimated to grow in the high single-digits in FY27, according to the management.
M&M plans to launch 10 new internal combustion engine-powered SUVs and six new BEVs by 2031 while in the farm product portfolio, it is looking at 19 new launches/enhancements during the ongoing fiscal. "FY26 has been a defining year marked by strong execution and breakthrough performance across several group companies, despite geopolitical headwinds and several disruptions through the year. Auto and farm further strengthened their leadership, supported by sustained customer demand for our differentiated products and operational discipline," said Anish Shah, Group CEO and Managing Director, M&M Ltd.
Auto volumes during the March quarter stood at 3.07 lakh, up 21 per cent year-on-year while for the entire FY26 it grew 19 per cent yoy at 11.18 lakh, the company said. "TechM reported healthy traction in key new deal wins despite a challenging global environment. MMFSL pivoted to growth on the back of stable asset quality. Our growth gems have demonstrated significant momentum. The Group is well poised to accelerate in these uncertain times," Shah added.
He also said the Mahindra Group sees huge benefit in the artificial intelligence in day-to day basis as the technology has the ability to transform all its businesses. "And we are, therefore, putting a tremendous amount of effort into its real applications. Yes, there's a lot of talk about AI and there have been a lot of questions about what is real what is not but we see huge benefits on a day-to-day basis and small things on larger projects as well," he said.
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"Our ambition is to be a tech leader in every industry we are in. If we want to lead the industry we have to be a technology leader in that industry. The foundation is important and we did spend some time building that foundation," Shah added. "In Q4, FY26, the SUV revenue share increased 60 basis points YoY, retaining the No 1 position. M&M is the fifth largest exporter for PV+CV in F26," Rajesh Jejurikar, Executive Director and CEO (Auto and Farm Sector) said.
Tractors gained 90 basis points during the quarter under review, with a full-year market share of 43.6% gaining 30 basis. Tractors achieved their highest-ever billing of five lakh+ in FY26, Jejurikar said, adding that the market gains have been achieved by delivering strong margin performance. Shares of Mahindra & Mahindra Ltd on Tuesday climbed over 3% after the auto major announced March quarter results. Shares settled 3.35% higher at Rs 3,210.80 apiece on the NSE.
M&M Share Price
The company's market valuation surged by Rs 13,168.98 crore to Rs 3,99,377.94 crore driven by strong Q4 results which peaked investor interest. In the last one month, the stock has gained 7%, nearly 6% in one year. However, it has declined more than 14% on a year-to-date basis. M&M commands a market cap of Rs 4,00,515.77 crore, according to NSE data.
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