M&M Q1 net profit rises 34% to ₹5,455 crore, revenue up 28%
Mahindra & Mahindra reported a 34% increase in consolidated net profit for Q1 FY27, driven by strong performance in its auto and farm sectors. The company noted growth in revenue and market share despite facing macroeconomic headwinds.
Why it matters
As a major industrial conglomerate, M&M's financial performance serves as a key indicator for the health of the Indian automotive and agricultural manufacturing sectors.
Auto major Mahindra & Mahindra Ltd (M&M) has reported 34% year-on-year (YoY) growth in consolidated net profit to ₹ 5,455 crore in the first quarter (Q1) ended June 30, 2026, supported by strong operating performance across the board.
Consolidated revenue grew 28% YoY to ₹58,188 crore in the review period.
Auto and farm sector businesses continued to deliver on growth and margins with profits up 18%, it said. During the quarter the company sold a total of 3,04,000 vehicles, registering a growth of 23% YoY with sport utility vehicle sales touching 1,75,000.
Financial services Assets Under Management (AUM) grew at 13%. Tech Mahindra saw margin expansion with Earnings Before Interest and Taxes (EBIT) improving 330 basis points (bps). Mahindra Logistics showed strong revenue momentum with 23% growth and Mahindra LifeSpace Developers Ltd doubled its net profit, it added.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in