M&M M & M Q3 FY26 results (Oct–Dec 2025) and concall
Mahindra & Mahindra delivered a strong Q3 FY26, marked by robust growth across its Auto and Farm sectors, significant turnaround in Mahindra Finance, and breakthrough profitability in Lifespaces and Logistics. The company outlined ambitious capacity expansion plans and long-term growth targets, while actively managing commodity inflation and supply chain challenges like memory chip shortages.
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What they filed
Q3 FY26: revenue up 25.6%, net profit up 38.5% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 |
|---|---|---|---|---|---|---|
| Revenue | 37,924 | 41,470 | 42,599 | 45,529 | 46,106 +22% | 52,100 +26% |
| EBITDA | 7,133 | 8,231 | 7,942 | 8,412 | 8,940 +25% | 10,160 +23% |
| Net profit | 3,361 | 3,624 | 3,542 | 4,377 | 3,964 +18% | 5,021 +39% |
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.
