M&M revenue surges 42%, however auto margins stay flat
Web revenue on the tractor-to-technology group rose to ₹4,668 crore within the March quarter from ₹3,295 crore a yr earlier. Income from operations climbed 29% to ₹54,982 crore, from ₹42,599 crore, reflecting sustained demand for Mahindra’s SUV and tractor portfolios regardless of a difficult macro atmosphere.
Standalone revenue surged 53% to ₹3,737 crore whereas income grew 25% to ₹39,601 crore throughout the quarter. The corporate offered 307,000 items within the March quarter, a 21% improve from a yr earlier. Tractor gross sales surged 36% to 120,000 items. Automotive margins remained largely flat throughout the quarter as manufacturing constraints and supply-side bottlenecks dented profitability regardless of sturdy quantity development. The corporate’s auto EBIT margins inched up marginally to 10.9% in This autumn FY26, from 10% a year-ago attributable to operational disruptions.
Anish Shah, group MD and CEO, termed the outcomes as a “breakthrough efficiency” throughout group firms regardless of geopolitical headwinds and a number of disruptions. He pointed to the power of M&M’s diversified portfolio that allowed group to proceed rising regardless of unstable even exterior situations.
For FY26, consolidated internet revenue grew 32% to ₹17,099 crore and income climbed 25% to ₹1,98,639 crore. Standalone revenue in FY26 rose 32% to ₹15,639 crore and income rose 25% to ₹1,47,765 crore.
On the influence of geopolitical uncertainties, Rajesh Jejurikar, government director, auto and farm sector stated, “We have not misplaced any volumes in March and April due to scarcity of gasoline. There are different supply-side points associated to manpower which have prompted some manufacturing loss.”
“On demand, most of our SUV prospects usually are not affected by gasoline value will increase, however our LCV portfolio might be delicate to inflationary pressures,” he stated.The corporate’s EV arm, Mahindra Electrical Automobilecrossed gross sales of 55,000 eSUVs since launch, attaining the highest rank by income market share within the eSUV section at 37.4% in FY26.
M&M’s board declared a dividend of ₹33 per share. CFO Amarjyoti Barua famous that sturdy money generation-with a standalone closing money stability of ₹41,159 crore-has supplied flexibility for future development. For FY27, the administration guided mid-to-high teen SUV quantity development and mid- single-digit tractor trade development, topic to geopolitical uncertainty subsiding.
Shares of M&M closed 3.4% larger at Rs3,211.65 apiece on the BSE, outperforming a 0.3% decline within the benchmark Sensex.
Mahindra bets massive on AI; eyes Rs4,100 crore income influence in FY27
The Mahindra Group is placing synthetic intelligence to work throughout its companies — from the store flooring to the decision centre — and its influence on profitability.
Addressing the quarterly earnings press meet, Anish Shah, group MD & CEO, stated within the automotive enterprise, AI-led initiatives are focused to generate greater than Rs 4,100 crore in revenues in FY27, improve buyer satisfaction by 2-3 proportion factors, and lower new product growth timelines by 10%.
At Mahindra Finance, the targets are sharper—Rs 10,000 crore in disbursements by AI-driven buyer acquisition, 80% of operations working autonomously, and 75% of stay mortgage collections AI-assisted.
On the store flooring, cameras and pc imaginative and prescient are getting used for high quality inspection; in advertising, AI is dealing with personalised outreach at scale. The group has additionally arrange a two-tier oversight construction to make sure AI is deployed responsibly throughout all its companies.
