M&M M & M Q1 FY27 results (Apr–Jun 2026) and concall
Mahindra & Mahindra delivered a strong Q1 FY27, with robust profit and revenue growth across its core and growth businesses, despite significant commodity headwinds and production challenges. The company is actively expanding capacity, particularly in EVs, and leveraging AI for operational efficiencies. Management expressed cautious optimism for the future, focusing on profitable growth and strategic diversification.
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What they filed
Q1 FY27: revenue up 27.8%, net profit up 37.0% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 37,924 | 41,470 | 42,599 | 45,529 | 46,106 +22% | 52,100 +26% | 54,982 +29% | 58,188 +28% |
| EBITDA | 7,133 | 8,231 | 7,942 | 8,412 | 8,940 +25% | 10,160 +23% | 10,127 +28% | 10,827 +29% |
| Net profit | 3,361 | 3,624 | 3,542 | 4,377 | 3,964 +18% | 5,021 +39% | 5,260 +49% | 5,998 +37% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
