Home / Business and Economy / M&M's Q4 Profit Soars 42% on Auto & EV Surge
M&M's Q4 Profit Soars 42% on Auto & EV Surge
5 May
Summary
- Q4 profit after tax surged 42% to Rs 4,668 crore.
- Auto business led growth with strong SUV volumes and market share.
- Electric vehicles are now contributing to profit, with EVs achieving profitability.
Mahindra & Mahindra (M&M) achieved a substantial 42% year-on-year increase in consolidated profit after tax for the fourth quarter of fiscal year 2026, amounting to Rs 4,668 crore. The company's revenue also grew by 29% to Rs 54,982 crore during the same period, contributing to a full fiscal year revenue increase of 25% to Rs 198,639 crore and a 32% PAT growth to Rs 17,099 crore.
The auto business was the primary driver of this impressive performance, marked by escalating SUV volumes and a reinforced market leadership position. Importantly, Mahindra's electric vehicle (EV) portfolio is now contributing meaningfully to both growth and profitability. The company highlighted that EVs have achieved profitability at a consolidated level.
The farm machinery sector demonstrated resilience, supported by domestic demand despite weaker global markets. Financial services remained stable, with a focus on asset quality and secured lending. Services businesses also posted strong results, with significant revenue and PAT increases across various verticals.
Looking ahead, M&M is strategically expanding its manufacturing capacity, particularly for EVs, to align with its product pipeline and market demand. The company is also leveraging artificial intelligence across its operations, anticipating substantial revenue impact and operational efficiencies.
