Mahindra & Mahindra Q2 FY27 Consolidated PAT Up 25% to ₹4,588 Crore on Strong Revenue Growth
Mahindra & Mahindra's Q2 FY27 consolidated PAT rose 25% to ₹4,588 crore on a 25% revenue increase to ₹57,553 crore. The Auto segment's PAT grew 55%, while MMFSL PAT increased 61%. Tech Mahindra PAT was up 33%. The company maintained leadership in SUVs, LCVs, and tractors.
The announcement details strong financial results and market leadership across multiple business verticals, which are material to investors and the company's overall valuation.
The company reported significant year-on-year growth in consolidated revenue and PAT, along with strong performance in key segments like Auto and MMFSL, indicating positive business momentum.
Mahindra & Mahindra Limited (M&M) announced its unaudited standalone and consolidated financial results for the second quarter and half year ended September 30, 2026. The Board of Directors approved these results on November 5, 2026, following a meeting that commenced at 11:00 a.m. and concluded at 12:47 p.m.
Consolidated revenue for Q2 FY27 surged by 25% to ₹57,553 crore, while consolidated Profit After Tax (PAT) also grew by 25% to ₹4,588 crore. Return on Equity (RoE) stood at 21.0% on an annualized basis. The company highlighted its #1 positions in SUVs with a revenue market share of 24.3%, LCVs <3.5T at 52.3%, and Tractors at 41.5%. eSUVs achieved a revenue market share of 30.1%, and electric 3-wheelers held 36.2%.
The Auto segment reported a strong 55% PAT growth with standalone PBIT up 15% to ₹2,614 crore and a consolidated PAT of ₹2,388 crore. The Farm Equipment sector experienced a decline in PAT by 9% to ₹1,053 crore, with consolidated revenue down 6%, attributed to a festive season shift. MMFSL saw AUM growth of 15% and PAT growth of 61%, while Tech Mahindra reported a 33% PAT increase with an EBIT margin of 14.8%.
Dr. Anish Shah, Group CEO & Managing Director, commented on the resilience and disciplined execution across businesses. Mr. Rajesh Jejurikar, Executive Director & CEO (Auto and Farm Sector), noted the strong performance in Auto and resilience in Farm, with SUV volumes growing 26% YoY and EV products maintaining market leadership. Mr. Amarjyoti Barua, Group Chief Financial Officer, emphasized the strength of the diversified portfolio and robust balance sheet.
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