Mahindra and Mahindra FY2026 Profit Rises 35 Percent on Strong Automotive and Farm Equipment Growth

Mahindra and Mahindra has reported a consolidated profit after tax of Rs 17,099 crore for the financial year ending March 31, 2026, registering a 35 percent increase compared to the previous fiscal year. The company’s consolidated revenue reached Rs 198,639 crore during the same period, reflecting a growth of 25 percent year-on-year. Based on the strong annual financial performance, the company’s board has recommended a dividend of Rs 33.0 per share, representing a 30 percent increase over the prior year.

The automotive and farm equipment manufacturer continued to strengthen its position across multiple vehicle and equipment categories during the financial year. In the SUV segment, the company achieved a revenue market share of 25.3 percent, improving by 260 basis points over the previous year. The company also retained leadership in the light commercial vehicle category under 3.5 tonnes with a market share of 52.3 percent. In the tractor business, the company maintained a dominant position with a market share of 43.6 percent, while its electric three-wheeler operations recorded a market share of 40 percent.

Mahindra Reports Strong Quarterly Performance

During the fourth quarter of FY2026, the group posted a consolidated profit after tax of Rs 4,668 crore, representing a year-on-year increase of 42 percent. The company concluded the fiscal year with a return on equity of 20.1 percent and earnings per share of Rs 152.2. The quarterly performance was supported by sustained demand across its automotive and agricultural machinery operations, alongside improved operational efficiencies across multiple business divisions.

FY2026 Financial Performance Snapshot

Group Businesses Deliver Higher Profitability

Across the wider group portfolio, Tech Mahindra reported an EBIT margin of 12.6 percent, improving by 290 basis points compared to the previous year. Meanwhile, Mahindra and Mahindra Financial Services recorded a 12 percent increase in assets under management, while its profit after tax grew by 28 percent. The company also highlighted strong performance from its “growth gems” businesses, including real estate, logistics, and Accelo operations, which collectively reported a profit growth of 50 percent during the financial year.

Frequently Asked Questions

What was Mahindra and Mahindra’s consolidated profit after tax in FY2026?
Mahindra and Mahindra reported a consolidated profit after tax of Rs 17,099 crore for the financial year ending March 31, 2026. This represented a 35 percent increase compared to the previous financial year. The growth was supported by strong performance across the company’s automotive, farm equipment, and financial services businesses. The company also recorded higher market shares in SUVs, tractors, and light commercial vehicles during the fiscal year, contributing to overall profitability and revenue expansion.

How did Mahindra and Mahindra perform across key vehicle segments in FY2026?
Mahindra and Mahindra strengthened its market position across several major vehicle categories during FY2026. The company achieved a 25.3 percent revenue market share in the SUV segment and maintained leadership in light commercial vehicles under 3.5 tonnes with a 52.3 percent share. In the tractor segment, the company held a 43.6 percent market share, while its electric three-wheeler business reached a 40 percent market share. These performances supported the company’s strong annual revenue and profit growth.