Mahindra & Mahindra Ltd on July 30 reported 32% jump in net profit at Rs 3,450 crore for the quarter ended June 30, 2025, driven by robust demand for its high-margin sports utility vehicles and tractors. It reported net profit of Rs 2,613 crore in the year-ago period.
The carmaker's revenue from operations rose 26% to Rs 34,143 crore in Q1FY26 from Rs 27,133 crore in Q1FY25.
M&M surpassed estimates as a Moneycontrol poll of six brokerage firms had pegged the automaker’s revenue at Rs 33,471 crore and net profit at Rs 3,112 crore.
On July 30, M&M shares closed 0.8% higher at Rs 3,225 apiece.
Anish Shah, Group CEO & Managing Director, M&M Ltd, said, “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), M&M Ltd. said, “Our Auto and Farm businesses continue to lead with strong momentum in Q1 F26, with gain of 570 bps YoY in SUV revenue share, and 340 bps YoY in LCV (< 3.5T) market share. In Tractors, we gained 50 bps YoY to reach 45.2% market share, the highest ever in a quarter. Our Auto Standalone PBIT margin (excl. eSUV contract mfg.) improved by 50 bps to 10.0% and core Tractor PBIT margins improved by 100 bps to 20.7%.”
M&M announced its Q1FY26 results today against the earlier schedule of July 31, Thursday, due to “certain exigencies”, the company said in an exchange filing.
India's second-largest carmaker said its SUV sales surged 22% in the quarter, driven by strong demand for new models and electric vehicles, while tractor and farm equipment sales rose 10%.
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