M&M M & M Q4 FY26 results (Jan–Mar 2026) and concall
Mahindra & Mahindra delivered a strong Q4 and FY26, with consolidated PAT growing 42% and 35% respectively, driven by robust performance across Auto, Farm, and Mahindra Finance. The company achieved a 20% ROE and 57% annualized EPS growth over five years. Strategic exits from international farm businesses and a foundry incurred impairments, while supply chain challenges persist, necessitating proactive inventory management.
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What they filed
Q4 FY26: revenue up 29.1%, net profit up 48.5% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|
| Revenue | 37,924 | 41,470 | 42,599 | 45,529 | 46,106 +22% | 52,100 +26% | 54,982 +29% |
| EBITDA | 7,133 | 8,231 | 7,942 | 8,412 | 8,940 +25% | 10,160 +23% | 10,127 +28% |
| Net profit | 3,361 | 3,624 | 3,542 | 4,377 | 3,964 +18% | 5,021 +39% | 5,260 +49% |
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.
