Mahindra & Mahindra has kicked off FY26 with an impressive financial performance, reporting a 24% year-on-year jump in consolidated net profit to ₹4,083 crore for the April-June quarter. The company’s revenue from operations also surged by 22% to ₹45,529 crore, driven primarily by the robust performance of its automotive and farm equipment segments. These results reflect the group’s continued focus on operating excellence, innovation, and strong customer demand across its key businesses.
Company Q1 FY26 Financial Highlights
| Metric | Q1 FY26 | Q1 FY25 | YoY Change (%) |
| Consolidated Net Profit | ₹4,083 crore | ₹3,283 crore | 24% ▲ |
| Revenue from Operations | ₹45,529 crore | ₹37,218 crore | 22%▲ |
| Total Expenses | ₹41,280 crore | ₹33,330 crore | 19%▲ |
Revenue Contribution by Segment (Q1 FY26 )
| Segment | Revenue (₹ crore) |
| Automotive | ₹25,998 |
| Farm Equipment | ₹10,891.5 |
| Financial Services | ₹4,973 |
| Industrial & Consumer Services | ₹4,900 |
| Total Revenue | ₹45,529 |
Automotive: ₹25,998 Crore – The Growth Engine
The Group of automotive business remained the top revenue generator this quarter. It earned ₹25,998 crore, thanks to strong demand for popular vehicles like Scorpio-N, XUV700, Bolero, and Thar. The SUV segment continues to perform well, helping Mahindra strengthen its market position.
In addition, Mahindra is making progress in the electric vehicle (EV) space with models like the XUV400 and its upcoming Born Electric series. The company also benefited from better supply chain efficiency and cost control, which helped improve profits.
Farm Equipment Segment – ₹10,891.5 Cr Revenue
The farm equipment sector, which includes Mahindra’s well-known tractor business, generated ₹10,891.5 crore in revenue. Despite some challenges like delayed rainfall and fluctuating agricultural demand, this division remained strong.
By volume, Company remains the largest tractor manufacturer globally. Advanced models like the Yuvo Tech+ helped drive demand. The company also saw growth in international markets, further supporting its performance.
Financial Services – ₹4,973 Cr Revenue
Mahindra’s financial arm, Mahindra Finance, posted ₹4,973 crore in revenue. This division saw a 15% growth in Assets Under Management (AUM), mainly driven by lending in rural and semi-urban areas.
The company is focusing on digital services, improving loan recovery, and keeping non-performing assets (NPAs) under control. This segment plays a key role in supporting financial inclusion in smaller towns and villages.
Industrial & Consumer Services – ₹4,900 Cr Revenue
Mahindra Logistics, Club Mahindra (MHRIL), and Mahindra Lifespaces collectively generated ₹4,900 crore in revenue during Q1.Mahindra Logistics saw a 14% growth, thanks to rising demand in e-commerce and retail transport.
Company has increased its resort capacity by 10%, showing strong performance in the travel and tourism sector. Other services, including real estate and industrial solutions, also showed steady growth.
Group CEO and MD Anish Shah commented, Q1 FY26 has been an excellent quarter, with broad-based growth across all businesses. The Auto and Farm sectors continue to deliver both growth and margin expansion. We are confident in our strategy for the coming quarters with focused investments in innovation, EVs, digital platforms, and global markets.
About of Company
Mahindra & Mahindra Ltd (M&M) is an Indian multinational conglomerate, established in 1945, which began as a steel trading company and expanded to become a global leader in various sectors. Headquartered in Mumbai, India, it is a prominent force in the automotive industry, particularly known for its SUVs and utility vehicles, as well as being the world’s largest tractor manufacturer by volume. M&M also has significant presence in technology services (through Tech Mahindra), financial services, renewable energy, and other industries, operating in over 100 countries and focusing on innovation, sustainability, and social responsibility.
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