Mahindra & Mahindra Ltd. (IN:M&M)
:M&M
Earnings Data
Report Date
May 22, 2026TBA (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
32.72Last Year’s EPS
20.3Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted broad-based, material operational and financial improvement across the group — double-digit revenue growth, very strong operating profit expansion, major turnarounds at Mahindra Finance, Lifespaces and Logistics, EV momentum, and clear capacity and PLI plans — while acknowledging discrete near-term headwinds (impairments, labor-code costs, commodity and chip pressures, and some subsidiary restructuring). On balance the positive operational momentum, strategic progress (capacity roadmap, PLI approvals, growth-gems acceleration) and milestone achievements outweigh the challenges, though a few risks remain that management is actively mitigating.Company Guidance
Strong Consolidated Top-Line and Operating Profit Growth
Consolidated revenue up 26% year-over-year; operating profit growth of 66% YoY (54% excluding a prior Mahindra Finance reserve release; 47% after adjusting for labor-code impact).
Significant PAT Improvement
Operating PAT up 66% and reported PAT up 47% year-over-year, reflecting broad-based improvement across businesses after adjusting for one-offs and labor-code costs.
Volume and Margin Gains in Auto & Farm
Auto and Farm volumes up ~23% each in the quarter. Auto margins improved by ~90 basis points; Farm margins improved ~240 basis points (domestic operating performance up 64%, though international impairments weighed on consolidated Farm results).
Mahindra Finance Turnaround
Operating profit at Mahindra Finance up 97% YoY (reported PAT down 9% due to last year's reserve release). Assets under management up ~12%; GS3 kept below 4% (management benchmark 4.5%). Management highlights improved asset quality, controls and technology and a pivot to growth.
Real Estate & Logistics Breakthroughs
Lifespaces operating profits up ~5x YoY; external investor Mitsui Fudosan committed. Logistics reported first profitable quarter after 11 quarters and operating profit roughly doubled, driven by improved execution and leadership changes.
EV Momentum and Profitability Signals
41,000+ eSUVs sold to date (~4,000/month average); 9e/9S strong adoption (32.5 crore km reported). EV business/MEAL contributed to profitability with end-to-end INR ~175 crore and MEAL EBITDA ~INR 149 crore.
Tech Mahindra and Growth Gems Performance
Tech Mahindra on track with F'27 margin and deal-win targets (path to a 15% EBIT margin). Growth-gems portfolio grew ~3x YoY; group highlighted valuation of growth gems earlier (~INR 56,000 crore at Investor Day reference).
Capacity Expansion Roadmap
Near-term debottlenecking to add ~3k–5k ICE units/month by Jul–Aug plus ~3k EV units (total ~6k–8k incremental capacity in F'27). Calendar 2027: Chakan capacity adding ~7k–8k ICE units; 2028 Nagpur greenfield to add initial ~8k–10k (with longer-term ramp potential).
Milestone: INR 50,000 Crore Revenue & Strong Cash
Group crossed INR 50,000 crore in top line for the first time. Management highlights robust cash generation with increasing cash balance to deploy for growth.
IN:M&M Earnings History
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 |
|---|---|---|---|
Feb 11, 2026 | ₹3675.40 | ₹3674.65 | -0.02% |
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% |
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 May 22, 2026, TBA (Confirmed).
What is Mahindra & Mahindra Ltd. (IN:M&M) earnings time?
Mahindra & Mahindra Ltd. (IN:M&M) earnings time is at May 22, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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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 (Q4) is 32.72.