Stock Market News

M&M Q1 Results: Net Profit Rises 32% to ₹3,450 Crore, Beats Street Estimates

Mahindra & Mahindra Ltd (M&M) reported a 32% year-on-year (YoY) increase in consolidated net profit to ₹3,450 crore for the quarter ended June 30, 2025 (Q1FY26). The company had posted a net profit of ₹2,613 crore in the same quarter last year.

The carmaker also beat analysts’ expectations, with actual profits surpassing the ₹3,112 crore forecast by a Moneycontrol poll of six brokerages.

Strong Growth in Revenue Backed by SUV and Tractor Demand

M&M’s revenue from operations surged 26% YoY to ₹34,143 crore in Q1FY26, compared to ₹27,133 crore in Q1FY25. This growth was driven primarily by robust sales of high-margin SUVs and tractors across the country.

On July 30, M&M shares closed 0.8% higher at ₹3,225 apiece, reflecting positive investor sentiment following the earnings announcement.

Also Read: IndiGo Q1 Results: Profit Down 21% Despite Revenue Growth

Market Share Gains and Margin Expansion

Anish Shah, Group CEO & MD of M&M, highlighted the company’s operational strength:

“The operating excellence in our Auto and Farm businesses is evident in continued market share gains and margin expansion.”

Rajesh Jejurikar, Executive Director & CEO (Auto and Farm Sector), provided more detailed insights:

  • SUV revenue share increased by 570 basis points (bps) YoY.

  • Light commercial vehicle (<3.5T) market share rose by 340 bps YoY.

  • In the tractor segment, M&M’s market share reached 45.2%, its highest ever in a quarter, with a 50 bps YoY gain.

The company also reported improvements in profitability:

  • Standalone Auto PBIT margin (excluding eSUV contract manufacturing) rose by 50 bps to 10.0%.

  • Core Tractor PBIT margins climbed by 100 bps to 20.7%.

Quick Take

M&M’s Q1 performance reflects strong execution in both the auto and farm sectors, driven by consumer demand and operational efficiency. Market share gains in key segments and margin expansion indicate sustained business momentum heading into the rest of FY26.

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Jitesh Kanwariya

I am Jitesh Kanwariya is a professional stock market analyst and F&O trader with expertise in derivatives and market research. A Python developer by profession, he leverages data-driven insights to analyse market trends and simplify trading for investors.

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