Mahindra & Mahindra (M&M) reported a 12.9% year-on-year increase in standalone net profit to ₹5,102 crore for the second quarter ended September 30, 2026, compared with ₹4,521 crore in the corresponding period last year.
Revenue from operations increased 27.1% year-on-year to ₹42,477 crore from ₹33,422 crore in Q2 FY26. Total income from operations, including income from investments related to subsidiaries, associates and joint ventures, stood at ₹44,282 crore, compared with ₹35,080 crore a year earlier.
Profit before tax rose 9.4% to ₹6,638 crore from ₹6,069 crore in the year-ago quarter.
Mahindra & Mahindra Automotive Revenue Grows 36.1%
M&M's standalone automotive segment revenue increased 36.1% year-on-year to ₹33,937 crore in Q2 FY27, compared with ₹24,929 crore in the corresponding quarter last year.
The Farm Equipment segment recorded revenue of ₹8,594 crore, registering a marginal increase of 0.6% from ₹8,540 crore in Q2 FY26.
Sequentially, automotive segment revenue increased from ₹31,033 crore in Q1 FY27, while Farm Equipment revenue declined from ₹10,947 crore.
The automotive segment reported results of ₹2,614 crore after exceptional items, compared with ₹2,281 crore in the year-ago quarter. Farm Equipment segment results declined to ₹1,441 crore from ₹1,684 crore over the same period.
Mahindra Appoints Shuchi Suri As Automotive Business Chief Sales And Marketing Officer
Separately, M&M announced a management change, with Shuchi Suri, currently Executive Vice-President, Mahindra Experiences, set to transition to the role of Chief Sales & Marketing Officer – Automotive Business, effective April 1, 2027.
Following the transition, Suri will cease to be classified as a Senior Management Personnel of the company, according to the regulatory filing.
M&M's unaudited standalone and consolidated financial results for the quarter were approved by its board of directors on November 5, 2026.