M&M

M & M Q2 FY26 results (Jul–Sep 2025) and concall

Automobile and Auto Components · Concall AI · Call held 4 Nov 2025

Company page: M & M share price, financials & guidance record

Source transcript

An analysed call is available for this quarter.

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What they filed

Q2 FY26: revenue up 21.6%, net profit up 17.9% against the same quarter last year.

₹ Cr · quarterly

Line item	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26
Revenue	37,924	41,470	42,599	45,529	46,106 +22%
Expenses	30,790	33,239	34,658	37,117	37,166
EBITDA	7,133	8,231	7,942	8,412	8,940 +25%
Margin	19%	20%	19%	18%	19%
Other income	1,126	719	1,110	1,210	1,134
Interest	2,217	2,362	2,397	2,431	2,347
Depreciation	1,302	1,495	2,029	1,548	1,669
Profit before tax	4,740	5,092	4,627	5,644	6,058 +28%
Tax rate	29%	29%	23%	22%	35%
Net profit	3,361	3,624	3,542	4,377	3,964 +18%
EPS	25.50	25.58	26.50	32.84	29.54

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.

What they filed

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