Mahindra Q3 Results: Net Profit Surges 47% to ₹4,675 Crore

Mumbai, February 11, 2026 – Mahindra & Mahindra Ltd (M&M) on Tuesday reported a consolidated net profit of ₹4,674.64 crore for the quarter ended December 2025 (Q3 FY26), marking a robust 47% year-on-year growth. Consolidated revenue from operations surged 25.6% to ₹52,099.75 crore.

Financial Highlights (Consolidated) - Q3 FY26 vs. Q3 FY25

Revenue from Operations: ₹52,099.75 crore (up 25.6%)
Net Profit (Attributable to Owners): ₹4,674.64 crore (up 47%)
Earnings Per Share (EPS): ₹41.85 (up from ₹28.51)
Profit Before Tax (PBT): ₹6,568.62 crore (up 29%)

Standalone Performance

On a standalone basis, the company's net profit for Q3 FY26 stood at ₹3,931.30 crore, a 32.6% increase from ₹2,964.31 crore in Q3 FY25. Standalone revenue grew 25.8% to ₹38,941.65 crore.

Segment-Wise Performance (Consolidated)

Automotive: Revenue of ₹30,370.37 crore, Segment Result of ₹2,607.31 crore.
Farm Equipment: Revenue of ₹11,500.69 crore, Segment Result of ₹1,258.74 crore.
Financial Services: Segment Result of ₹1,093.79 crore.
Industrial Businesses & Consumer Services: Segment Result of ₹1,194.89 crore.

Key Notes & Exceptional Items

The results include an exceptional item of ₹292.94 crore (consolidated) related to the incremental impact of the newly notified Labour Codes on retiral benefits. The company has also accounted for an impairment of ₹568.32 crore on certain international assets of the Farm Equipment segment.

Management & Filing Details

The financial results were approved by the Board of Directors, chaired by Group CEO & MD Dr. Anish Shah, and have been subjected to a limited review by the statutory auditors, B S R & Co. LLP.

This news is based on the company's official regulatory filing to the BSE, NSE, and other stock exchanges.