Mahindra & Mahindra quarterly results

Q1 FY27 · Apr–Jun 2026

₹ crore	Q1 FY27	Q1 FY26	Change
Revenue	58,188	45,529	+27.8%
EBITDA	10,565	8,228	+28.4%
EBITDA margin	18.2%	18.1%	+0.1 pts
Profit before tax	7,261	5,166	+40.5%
Net profit	5,998	4,377	+37.0%
EPS	₹48.80	₹36.58	+33.4%

Every quarter

₹ crore except per share

Tap a line for its trend	Q1 FY27Jun 2026	Q4 FY26Mar 2026	Q3 FY26Dec 2025	Q2 FY26Sep 2025	Q1 FY26Jun 2025	Q4 FY25Mar 2025	Q3 FY25Dec 2024	Q2 FY25Sep 2024	Q1 FY25Jun 2024	Q4 FY24Mar 2024	Q3 FY24Dec 2023	Q2 FY24Sep 2023	Earlier quartersAlpha Plus

Expenses
	58,188	54,982	52,100	46,106	45,529	42,599	41,470	37,924	37,218	35,452	35,299	34,436	Earlier quartersEvery year the company has filed comes with Alpha Plus.
	1,016	995	859	676	917	702	411	659	409	356	511	592
	59,204	55,977	52,958	46,781	46,446	43,301	41,881	38,583	37,626	35,807	35,810	35,027
	33,229	31,140	27,816	27,887	26,711	25,172	21,700	21,432	19,807	19,785	19,470	20,509
	2,378	2,336	2,223	2,045	2,067	1,856	2,020	1,945	1,823	1,575	1,948	1,892
	724	855	2,108	−1,822	−443	−1,259	1,410	−695	532	−676	103	−1,468
	3,388	3,238	3,336	3,112	3,045	2,910	2,883	2,655	2,679	2,639	2,686	2,716
	2,560	2,407	2,405	2,347	2,431	2,397	2,362	2,217	2,108	1,989	1,945	1,835
	1,760	1,943	2,163	1,669	1,548	2,029	1,495	1,302	1,248	1,335	1,123	1,139
	7,902	7,696	6,511	5,955	5,922	6,009	5,227	5,453	5,134	5,524	4,867	5,057
	51,943	49,615	46,561	41,193	41,280	39,114	37,097	34,309	33,330	32,172	32,143	31,680
	10,565	9,716	10,107	8,929	8,228	7,911	8,231	7,133	7,243	6,604	6,224	5,730
	8,804	7,774	7,944	7,260	6,680	5,882	6,736	5,831	5,995	5,269	5,101	4,591
Profit
	7,261	6,361	6,397	5,589	5,166	4,187	4,785	4,274	4,296	3,635	3,667	3,347
	0.0	0.0	−293	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
	7,261	6,361	6,104	5,589	5,166	4,187	4,785	4,274	4,296	3,635	3,667	3,347
	1,598	1,804	1,630	2,063	1,272	1,205	1,350	1,329	967	906	655	1,184
	32.7	−150	−83.2	31.2	−4.4	−121	117	49.8	108	−0.9	280	−100
	1,631	1,654	1,547	2,094	1,268	1,085	1,468	1,379	1,075	905	935	1,084
	367	553	465	469	478	439	307	466	324	395	245	220
	5,998	5,260	5,021	3,964	4,377	3,542	3,624	3,361	3,546	3,125	2,977	2,484
	5,630	4,707	4,557	3,495	3,898	3,102	3,317	2,895	3,221	2,730	2,732	2,264
	63.4	426	131	−8.7	255	111	−118	152	34.9	88.1	176	43.9
	6,061	5,686	5,153	3,955	4,631	3,652	3,507	3,513	3,581	3,213	3,153	2,528
	5,455	4,668	4,675	3,673	4,083	3,295	3,181	3,171	3,283	2,754	2,658	2,348
	543	592	347	290	293	247	444	190	263	371	319	136
Per share
	₹48.80	₹41.77	₹41.85	₹32.90	₹36.58	₹29.52	₹28.51	₹28.43	₹29.44	₹24.71	₹23.86	₹21.07
	₹48.59	₹41.48	₹41.69	₹32.51	₹36.43	₹29.04	₹28.40	₹28.31	₹29.32	₹24.61	₹23.76	₹20.99
Other comprehensive income — detail
	63.4	426	131	−8.7	255	111	—	—	—	—	—	—
	−19.9	−24.7	−10.7	−4.0	26.6	−83.2	−25.1	−19.9	−4.7	132	23.2	−50.0
	−6.4	−14.9	−2.0	−2.5	−2.9	−18.1	—	—	—	—	—	—
	—	—	—	—	—	—	−0.1	−5.7	2.1	40.2	3.6	−1.1
	83.6	476	137	−31.3	241	189	−89.5	166	45.7	−8.2	169	84.2
	6.7	40.1	−2.3	−24.1	16.1	12.9	—	—	—	—	—	—
	—	—	—	—	—	—	3.0	−0.3	4.1	−4.0	12.6	−8.6
	5,512	5,038	4,806	3,644	4,330	3,419	3,041	3,305	3,316	2,821	2,825	2,387
	549	647	347	311	302	234	466	208	265	393	328	141
Per share — as-filed variants
	₹48.80	₹41.77	₹41.85	₹32.90	₹36.58	₹29.52	₹28.51	₹28.43	₹29.44	₹24.71	₹23.86	₹21.07
	₹48.59	₹41.48	₹41.69	₹32.51	₹36.43	₹29.04	₹28.40	₹28.31	₹29.32	₹24.61	₹23.76	₹20.99
Derived — gross profit (revenue − materials − purchases − Δ inventories)
	21,856	20,651	19,953	17,996	17,194	16,830	16,341	15,241	15,056	14,768	13,778	13,503
	37.6%	37.6%	38.3%	39.0%	37.8%	39.5%	39.4%	40.2%	40.5%	41.7%	39.0%	39.2%
Adjusted (ex-exceptional items) — derived
	7,261	6,361	6,397	5,589	5,166	4,187	4,785	4,274	4,296	3,635	3,667	3,347
	0.0	0.0	−293	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
	5,998	5,260	5,240	3,964	4,377	3,542	3,624	3,361	3,546	3,125	2,977	2,484
	₹48.80	₹41.77	₹43.67	₹32.90	₹36.58	₹29.52	₹28.51	₹28.43	₹29.44	₹24.71	₹23.86	₹21.07

Open the chart

From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

M&M₹2,890.00

Mahindra & Mahindra Ltd.

· Auto & Mobility

Annual Quarterly₹ CrorePeersMARUTI ESCORTS BAJAJ-AUTO EICHERMOT TMPV MOTHERSON BOSCHLTD TVSMOTORMcap ₹3.23L Cr

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In ₹ Crore except Per Share 3 Months Ending	Q2 FY24 30/09/2023	Q3 FY24 31/12/2023	Q4 FY24 31/03/2024	Q1 FY25 30/06/2024	Q2 FY25 30/09/2024	Q3 FY25 31/12/2024	Q4 FY25 31/03/2025	Q1 FY26 30/06/2025	Q2 FY26 30/09/2025	Q3 FY26 31/12/2025	Q4 FY26 31/03/2026	Q1 FY27 30/06/2026
Revenue from Operations	34,435.5	35,299.4	35,451.7	37,217.7	37,923.7	41,470.1	42,599.3	45,529.2	46,105.7	52,099.8	54,981.9	58,187.6
Other Income	591.7	510.5	355.7	408.8	659.2	411.3	701.7	916.9	675.5	858.5	994.8	1,016.0
Total Income	35,027.2	35,809.9	35,807.4	37,626.5	38,583.0	41,881.4	43,301.0	46,446.1	46,781.2	52,958.3	55,976.8	59,203.6
Expenses
+ Cost of Materials Consumed	20,508.9	19,470.3	19,784.6	19,806.9	21,432.0	21,699.8	25,172.4	26,710.6	27,886.7	27,816.2	31,139.7	33,229.4
+ Purchases of Stock-in-Trade	1,891.7	1,948.2	1,575.2	1,823.0	1,945.3	2,019.7	1,855.8	2,066.9	2,044.5	2,222.6	2,336.4	2,378.3
+ Changes in Inventories	-1,467.8	103.3	-675.6	531.7	-694.9	1,409.6	-1,258.5	-442.6	-1,821.7	2,107.8	855.3	724.3
+ Employee Benefit Expense	2,715.8	2,686.3	2,639.2	2,678.6	2,655.2	2,882.8	2,909.6	3,044.5	3,112.0	3,335.9	3,238.2	3,388.3
+ Finance Costs	1,835.2	1,944.9	1,989.3	2,107.7	2,217.0	2,362.2	2,396.5	2,431.2	2,347.0	2,405.3	2,407.3	2,559.9
+ Depreciation & Amortisation	1,138.6	1,122.6	1,335.1	1,247.8	1,302.0	1,495.2	2,028.7	1,547.6	1,668.9	2,162.9	1,942.7	1,760.5
+ Other Expenses	5,057.3	4,867.3	5,524.5	5,134.4	5,452.7	5,227.4	6,009.2	5,922.0	5,955.1	6,510.7	7,695.8	7,902.3
Total Expenses	31,679.8	32,142.9	32,172.2	33,330.1	34,309.4	37,096.7	39,113.6	41,280.1	41,192.5	46,561.4	49,615.5	51,943.0
EBITDA	5,729.6	6,224.0	6,603.9	7,243.1	7,133.4	8,230.7	7,910.9	8,227.8	8,929.1	10,106.5	9,716.4	10,565.0
EBIT	4,590.9	5,101.4	5,268.9	5,995.4	5,831.4	6,735.6	5,882.2	6,680.2	7,260.2	7,943.7	7,773.8	8,804.5
Profit
PBT before Exceptional Items	3,347.5	3,667.0	3,635.3	4,296.4	4,273.6	4,784.7	4,187.4	5,166.0	5,588.7	6,396.9	6,361.3	7,260.6
+ Exceptional Items	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-292.9	0.0	0.0
Pretax Income	3,347.5	3,667.0	3,635.3	4,296.4	4,273.6	4,784.7	4,187.4	5,166.0	5,588.7	6,103.9	6,361.3	7,260.6
+ Current Tax	1,183.7	654.9	905.9	967.3	1,329.1	1,350.1	1,205.5	1,271.9	2,063.0	1,630.4	1,804.1	1,597.8
+ Deferred Tax	-100.0	280.3	-0.9	107.8	49.8	117.5	-120.5	-4.4	31.2	-83.2	-149.9	32.7
Tax Expense	1,083.7	935.2	905.1	1,075.1	1,378.9	1,467.5	1,085.0	1,267.5	2,094.2	1,547.2	1,654.2	1,630.5
+ Share of Associates & JVs	220.2	245.2	394.7	324.4	466.4	307.3	439.4	478.1	469.3	464.7	552.8	367.5
Net Income	2,484.0	2,977.0	3,124.9	3,545.8	3,361.1	3,624.5	3,541.9	4,376.6	3,963.8	5,021.5	5,259.9	5,997.6
+ Net Income — Continuing Ops	2,263.7	2,731.9	2,730.2	3,221.3	2,894.7	3,317.2	3,102.5	3,898.4	3,494.5	4,556.8	4,707.1	5,630.1
+ Other Comprehensive Income	43.9	175.8	88.1	34.9	152.3	-117.6	110.5	254.9	-8.7	131.1	425.7	63.4
Total Comprehensive Income	2,527.8	3,152.8	3,213.0	3,580.6	3,513.3	3,506.9	3,652.4	4,631.5	3,955.1	5,152.6	5,685.6	6,060.9
Net Income to Common	2,347.8	2,658.4	2,754.1	3,282.6	3,170.7	3,180.6	3,295.2	4,083.3	3,673.3	4,674.6	4,667.6	5,454.5
Minority Interest	136.2	318.6	370.9	263.2	190.3	443.9	246.7	293.3	290.4	346.8	592.3	543.0
Per Share
Basic EPS	21.07	23.86	24.71	29.44	28.43	28.51	29.52	36.58	32.90	41.85	41.77	48.80
Diluted EPS	20.99	23.76	24.61	29.32	28.31	28.40	29.04	36.43	32.51	41.69	41.48	48.59
Other Comprehensive Income — detail
+ Other Comprehensive Income	—	—	—	—	—	—	110.5	254.9	-8.7	131.1	425.7	63.4
+ Items NOT to be Reclassified to P&L	-50.0	23.2	132.5	-4.7	-19.9	-25.1	-83.2	26.6	-4.0	-10.7	-24.7	-19.9
+ Tax on Items NOT to be Reclassified	—	—	—	—	—	—	-18.1	-2.9	-2.5	-2.0	-14.9	-6.4
+ Tax on Items NOT to be Reclassified — alt tag	-1.1	3.6	40.2	2.1	-5.7	-0.1	—	—	—	—	—	—
+ Items to be Reclassified to P&L	84.2	168.8	-8.2	45.7	166.2	-89.5	188.5	241.4	-31.3	137.5	475.6	83.6
+ Tax on Items to be Reclassified	—	—	—	—	—	—	12.9	16.1	-24.1	-2.3	40.1	6.7
+ Tax on Items to be Reclassified — alt tag	-8.6	12.6	-4.0	4.1	-0.3	3.0	—	—	—	—	—	—
Comprehensive Income — Owners of Parent	2,387.2	2,825.1	2,820.5	3,315.7	3,304.9	3,040.7	3,418.7	4,329.8	3,644.1	4,805.8	5,038.3	5,512.2
Comprehensive Income — Non-controlling Interests	140.7	327.7	392.5	265.0	208.4	466.2	233.7	301.7	311.0	346.8	647.3	548.8
Per Share — as-filed variants
Basic EPS — Continuing Operations	21.07	23.86	24.71	29.44	28.43	28.51	29.52	36.58	32.90	41.85	41.77	48.80
Diluted EPS — Continuing Operations	20.99	23.76	24.61	29.32	28.31	28.40	29.04	36.43	32.51	41.69	41.48	48.59
Derived — Gross Profit (Revenue − Materials − Purchases − Δ Inventories)
Gross Profit	13,502.7	13,777.6	14,767.5	15,056.1	15,241.3	16,340.9	16,829.7	17,194.3	17,996.2	19,953.2	20,650.5	21,855.6
Gross Margin %	39.21	39.03	41.66	40.45	40.19	39.40	39.51	37.77	39.03	38.30	37.56	37.56
Adjusted (ex-Exceptional Items) — derived
Pretax Income (Adjusted, as filed)	3,347.5	3,667.0	3,635.3	4,296.4	4,273.6	4,784.7	4,187.4	5,166.0	5,588.7	6,396.9	6,361.3	7,260.6
− Exceptional Items (reconciliation)	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-292.9	0.0	0.0
Net Income Adj (tax-effected)	2,484.0	2,977.0	3,124.9	3,545.8	3,361.1	3,624.5	3,541.9	4,376.6	3,963.8	5,240.2	5,259.9	5,997.6
EPS Adj	21.07	23.86	24.71	29.44	28.43	28.51	29.52	36.58	32.90	43.67	41.77	48.80
Other Filed Concepts — mapped but not yet placed in the schedule
Face Value	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00
Filed Debt Equity	0.00	0.00	0.00	0.00	0.00	0.00	7.00	5.00	5.00	5.00	4.00	4.00
Filed Dscr	6.00	6.00	4.00	5.00	8.00	7.00	0.00	0.00	544.00	605.00	591.00	678.00
Filed Iscr	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	3,660.00	3,813.00	3,445.00	3,737.00
Paid Up Equity Capital	557.1	557.3	557.4	557.5	557.7	558.0	558.2	558.3	558.4	558.6	558.8	559.0

As filed, sign as filed — read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown, so depth follows the filer: pre-Ind-AS, insurance and NBFC blocks stay hidden unless they were actually reported. Alternate tags for the same idea (e.g. two spellings of a deferred-tax element) are kept as separate lines rather than merged, because merging them would be a guess. Ratios, per-share figures and counts render as raw numbers, not ₹ Crore. No consensus estimates → no Est columns. Click any row to chart it.

« ‹ › »Latest: Q1 FY27 · ConsolidatedFA Financial Analysis · alphave

Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

M&M Q2 FY27 results date

Mahindra & Mahindra (NSE: M&M) will announce its Q2 FY27 results (July–September 2026) on Thursday, 5 November 2026, according to the board-meeting notice it filed on 24 September 2026. Its latest results are for Q1 FY27 (April–June 2026). Consolidated net profit attributable to shareholders was ₹5,455 crore, up 33.6% from ₹4,083 crore in Q1 FY26 and up 16.9% from ₹4,668 crore in Q4 FY26. Revenue from operations was ₹58,188 crore, up 27.8% year on year and up 5.8% from the previous quarter.

Board-meeting notice filed: 24 September 2026
Q2 FY26 results (a year earlier): 4 November 2025
Q1 FY27 results (the latest): 30 July 2026

Latest results: Q1 FY27 (Apr–Jun 2026) · consolidated

Q2 FY27 results date: 5 November 2026Thursday · notice filed 24 Sep
Q1 FY27 net profit: ₹5,455 Cr+33.6% vs Q1 FY26+16.9% vs Q4 FY26
Q1 FY27 revenue: ₹58,188 Cr+27.8% vs Q1 FY26+5.8% vs Q4 FY26
Q1 FY27 operating margin: 15.1%+0.5 pts vs Q1 FY26+1.0 pts vs Q4 FY26
Q2 FY26 net profit (a year earlier): ₹3,673 CrRevenue ₹46,106 Cr
Q1 FY27 EPS (basic): ₹48.80

Questions

When will M&M announce its Q2 FY27 results?

On 5 November 2026, the date of the board meeting called to approve them (notice filed with the exchanges on 24 September 2026). Last year it reported Q2 FY26 on 4 November 2025.

What were M&M's Q1 FY27 results?

Consolidated net profit attributable to shareholders was ₹5,455 crore, up 33.6% from ₹4,083 crore in Q1 FY26 and up 16.9% from ₹4,668 crore in Q4 FY26. Revenue from operations was ₹58,188 crore, up 27.8% year on year and up 5.8% from the previous quarter.

What was M&M's net profit in FY26?

Consolidated net profit attributable to shareholders was ₹17,099 crore in FY26 (April 2025–March 2026), up 32.3% from ₹12,929 crore in FY25. It was ₹11,269 crore in FY24 and ₹10,282 crore in FY23: up 66.3% over three years, 18.5% a year on average.

What will M&M's Q2 FY27 results be compared with?

With the same quarter a year earlier, Q2 FY26 (July–September 2025), when consolidated net profit attributable to shareholders was ₹3,673 crore and revenue from operations ₹46,106 crore. The latest quarter, Q1 FY27, had a net profit of ₹5,455 crore and revenue of ₹58,188 crore.

How has M&M's profit changed over the last four quarters?

Net profit attributable to shareholders by quarter: ₹3,673 crore in Q2 FY26, ₹4,675 crore in Q3 FY26, ₹4,668 crore in Q4 FY26 and ₹5,455 crore in Q1 FY27. That is ₹18,470 crore over the four quarters, up 34.5% from ₹13,730 crore in the four quarters before. Revenue from operations: ₹46,106 crore, ₹52,100 crore, ₹54,982 crore and ₹58,188 crore.

What was M&M's revenue in FY26?

Revenue from operations was ₹1,98,639 crore in FY26 (April 2025–March 2026), up 24.8% from ₹1,59,211 crore in FY25. It was ₹1,39,078 crore in FY24 and ₹1,21,269 crore in FY23: up 63.8% over three years, 17.9% a year on average.

Where do these M&M figures come from?

From Mahindra & Mahindra's own consolidated results filings to NSE, in ₹ crore as filed; the date from its board-meeting notices.

Consolidated figures from the company's filings to NSE. Every company's results dates this season are in the Q2 FY27 results calendar, part of Alpha Plus.