Mahindra and Mahindra Concludes FY26 with Steady Growth Across Segments

Mahindra and Mahindra has reported a consolidated profit after tax of Rs 17,099 crore for the financial year ending March 31, 2026, representing a 35 percent increase over the previous year. The company’s consolidated revenue for the same period stood at Rs 198,639 crore, up 25 percent. Following these results, the board has recommended a dividend of Rs 33.0 per share, a 30 percent rise compared to the prior fiscal.

The automotive and farm equipment manufacturer maintained its market positions throughout the year. In the SUV segment, the company reported a revenue market share of 25.3 percent, up 260 basis points. It also led the light commercial vehicle segment for vehicles under 3.5 tonnes with a 52.3 percent share and the tractor market with a 43.6 percent share. The electric three-wheeler business recorded a market share of 40 percent.

In the final quarter of the year, the company's consolidated profit after tax reached Rs 4,668 crore, marking a 42 percent year-on-year increase. The group ended the fiscal year with a return on equity of 20.1 percent and earnings per share of Rs 152.2.

Across the group's wider portfolio, Tech Mahindra reported an EBIT margin of 12.6 percent, an increase of 290 basis points. Mahindra and Mahindra Financial Services saw its assets under management grow by 12 percent, while its profit after tax rose by 28 percent. Additionally, the company’s "growth gems," which include its real estate, logistics, and Accelo businesses, reported a combined profit growth of 50 percent for the year.