Archive · 4 Nov 2025
Mahindra & Mahindra's Q2 Profit Rises 16% Amid Strong Sales Growth
Mahindra & Mahindra, a big company that makes cars and tractors, made more money in the last three months than last year.
They sold more vehicles and tractors, and their finance company also did very well.
Even though some special one-time money from selling land is not counted, their profits still went up.
They also earned a lot of cash by running their businesses.
The company is happy because they are selling more and making good profits in different parts of their business.
Mahindra & Mahindra's consolidated net profit increased by 16% to Rs 3,673 crore in the September quarter.
Consolidated sales grew by 22% year-on-year to Rs 46,106 crore.
The Auto and Farm segments maintained growth and profitability, with market share gains in SUVs and tractors.
The financial services arm reported a 45% growth in profit after tax (PAT) with strong asset quality.
The company generated over Rs 10,000 crore in operating cash flow in the first half of the fiscal year.
- Who
- Mahindra & Mahindra Ltd (M&M)
- What
- Reported a 16% year-on-year rise in consolidated net profit and a 22% increase in consolidated sales for the September quarter.
- When
- September quarter (Q2 FY26)
- Where
- Consolidated results
- Why
- Driven by strong performance in Auto and Farm segments, financial services, and growth gems, despite excluding one-time gains from profit increase calculations.
Excluding One-Time Gains
Including One-Time Gains
Net Profit Comparison
Excluding One-Time Gains
Excluding one-time gains like land sale, SML Isuzu tax impact, and prior period PLI benefits, M&M's profit was up 28% YoY.
Including One-Time Gains
Consolidated net profit rose 16% YoY to Rs 3,673 crore from Rs 3,171 crore in the corresponding quarter last year.
- Company
- Mahindra & Mahindra Ltd (M&M)
- Reporting Period
- September Quarter (Q2 FY26)
- Consolidated Net Profit
- Rs 3,673 crore (up 16% YoY)
- Consolidated Sales
- Rs 46,106 crore (up 22% YoY)
- Auto and Farm Segment
- Continued growth and margin delivery
- Financial Services PAT
- 45% growth with strong asset quality
- Operating Cash Flow (H1)
- Over Rs 10,000 crore
