The earnings call reflects a strong overall performance with significant growth in revenue and profitability across multiple segments, notably the Farm, Auto, and Finance businesses. While there were challenges related to GST transitions and one-off tax payments, the positive aspects of growth and market share gains suggest a robust outlook.

Company Guidance

During the Quarter 2 Analyst Meet of Mahindra & Mahindra Limited, several key metrics highlighting the company's performance were discussed. The Farm business reported a 54% increase in profits, while the Auto segment saw a 14% rise, despite being impacted by the GST transition, which delayed vehicle deliveries. Mahindra Finance achieved a 45% growth in operating profit, and Tech Mahindra's profits increased by 35%. Consolidated profit after tax (PAT) grew by 28%, with revenue up 22% year-over-year, maintaining the same growth year-to-date. The company's return on equity (ROE) was 19%, although future expectations are moderated to around 18%. Tractor volumes were strong at a 32% increase, while Auto volumes grew by 13%. The company also managed to expand its market share significantly, with the Auto segment gaining 390 basis points year-over-year.

Strong Consolidated Revenue and Profit Growth

Consolidated revenue grew by 22% year-over-year, with profit operating up 28% for the quarter and 29% year-to-date. This strong performance was driven by contributions across all business segments.

Farm and Auto Business Performance

Farm profits increased by 54%, and Auto profits rose by 14% despite being impacted by the GST transition. Tractor volume was strong at 32%, and Auto volumes increased by 13%.

Mahindra Finance and Tech Mahindra Performance

Mahindra Finance reported a 45% operating profit growth, marking the end of Phase 1 for the business transformation. Tech Mahindra's profits rose by 35%, excluding one-off gains.

Market Share and Export Growth

SUV market share increased by 390 basis points year-over-year, with LCV market share rising by 100 basis points to 53.2%. Export momentum showed a 40% growth.

Growth in Real Estate and Aero Segments

Real estate presales increased by 89%, and the Aero segment secured a significant win with the Airbus helicopter fuselage supply deal.

Mahindra & Mahindra Ltd. (IN:M&M) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

IN:M&M Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 06, 2026	2026 (Q3)	30.75 / -	24.7	―	―	―
Nov 04, 2025	2026 (Q2)	30.73 / 37.60	32	17.50% (+5.60)	―	―
Jul 30, 2025	2026 (Q1)	26.75 / 28.70	21.8	31.65% (+6.90)	―	―
May 05, 2025	2025 (Q4)	21.71 / 20.30	17	19.41% (+3.30)	―	―
Feb 07, 2025	2025 (Q3)	26.41 / 24.70	20.5	20.49% (+4.20)	―	―
Nov 07, 2024	2025 (Q2)	28.18 / 32.00	28.9	10.73% (+3.10)	―	―
Jul 31, 2024	2025 (Q1)	22.67 / 21.80	23.17	-5.91% (-1.37)	―	―
May 16, 2024	2024 (Q4)	15.72 / 17.00	16.9	0.59% (+0.10)	―	―
Feb 14, 2024	2024 (Q3)	18.21 / 20.50	17.775	15.33% (+2.73)	―	―
Nov 10, 2023	2024 (Q2)	23.06 / 28.90	19.47	48.43% (+9.43)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

IN:M&M Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 04, 2025	₹3548.55	₹3581.55	+0.93%
Jul 30, 2025	₹3197.15	₹3205.95	+0.28%
May 05, 2025	₹2907.00	₹2997.32	+3.11%
Feb 07, 2025	₹3114.38	₹3172.27	+1.86%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Mahindra & Mahindra Ltd. (IN:M&M) report earnings?

Mahindra & Mahindra Ltd. (IN:M&M) is schdueled to report earning on Feb 06, 2026, TBA (Confirmed).

What is Mahindra & Mahindra Ltd. (IN:M&M) earnings time?

Mahindra & Mahindra Ltd. (IN:M&M) earnings time is at Feb 06, 2026, TBA (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is the P/E ratio of Mahindra & Mahindra Ltd. stock?

The P/E ratio of Mahindra & Mahindra Ltd. is N/A.

What is IN:M&M EPS forecast?

IN:M&M EPS forecast for the fiscal quarter 2026 (Q3) is 30.76.

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing