Flash Finance

Mahindra & Mahindra LimitedM&MCorporate

Consumer Cyclical Auto Manufacturers Latest results: Jun 2026 15 quarters of data
Consolidated Standalone
₹2,920.90
MCap ₹350,731 Cr · P/E 17.3
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AI-assisted data: figures and text on this page are extracted from public quarterly filings with AI assistance, checked automatically and overseen by our editorial team (human in the loop). They may still contain errors or omissions. Verify critical numbers against official company / SEBI / NSE / BSE filings before making any decision. Educational information only, not financial advice.
₹58,188 Cr
Sales · Jun 2026
+28.1% YoY
₹10,565 Cr
Operating Profit · Jun 2026
+29.9% YoY
18.2%
OPM % · Jun 2026
+1.7% YoY
₹5,998 Cr
Net Profit · Jun 2026
+37.0% YoY
₹48.80
EPS · Jun 2026
+33.4% YoY

📝 Mahindra & Mahindra Limited — results explained

Quarter ended June 2026 (Q1 FY27)

Mahindra & Mahindra Limited reported revenue of ₹58,188 crore for the quarter ended June 2026 (Q1 FY27), up 28.1% from ₹45,436 crore in the same quarter last year, and up 5.8% sequentially over the March 2026 quarter.

Net profit rose 37.0% year-on-year to ₹5,998 crore, from ₹4,377 crore. Earnings per share (EPS) came in at ₹48.80.

Operating profit stood at ₹10,565 crore — an operating margin (OPM) of 18.2%, compared with 17.9% in the year-ago quarter.

Full year and trailing twelve months

For the full year FY26, Mahindra & Mahindra Limited posted revenue of ₹198,623 crore, a growth of 24.9% over FY25, with a net profit of ₹18,622 crore (up 32.3% year-on-year).

On a trailing-twelve-month (TTM) basis, revenue stands at ₹211,375 crore with a net profit of ₹20,243 crore.

Valuation snapshot

At the current price of ₹2,920.90, M&M has a market capitalisation of ₹350,731 crore and a trailing P/E of about 17.3.

Within the Auto Manufacturers industry, it is the 2nd-largest of the 10 companies we track by market value.

Shareholding pattern

As of Mar 2026, domestic institutional investors (DIIs) 31.37%, promoters held 18.45%, foreign institutional investors (FIIs) 36.23%, the government 0.21%, public shareholders 10.25% of Mahindra & Mahindra Limited.

📈 Share price & events

📊 Quarterly trend

₹ crore · OPM % on right axis

🎯 Key metrics

price-linked ratios use the latest close
Valuation
Market Cap ?
₹350,731 Cr
Current Price ?
₹2,920.9
P/E ?
17.33below ind
Industry P/E ?
24.70
P/B ?
3.77
P/S ?
1.66
P/FCF ?
137.81
Enterprise Value ?
₹484,694 Cr
EV/EBITDA ?
12.20
PEG ?
0.72
Earnings Yield ?
6.6%
Dividend Yield ?
1.12%
Profitability & Returns
Sales (TTM) ?
₹211,375 Cr
OPM ?
18.8%
Profit after tax (TTM) ?
₹20,243 Cr
EPS (TTM) ?
₹168.58
ROCE ?
15.0%
ROE ?
21.7%
ROA ?
6.4%
Growth
Sales — latest qtr ?
₹58,188 Cr
PAT — latest qtr ?
₹5,998 Cr
YoY qtr sales growth ?
28.1%
YoY qtr profit growth ?
37.0%
Sales growth (3y) ?
18%
Sales growth (5y) ?
22%
Profit growth (3y) ?
24%
Profit growth (5y) ?
51%
Financial Health
Debt ?
₹133,963 Cr
Debt to Equity ?
1.44
Interest Coverage ?
3.1
Current Ratio ?
N/A
Ownership
Promoter holding ?
18.45%
Change in promoter holding ?
0.02%
Pledged percentage ?
N/A
Market
Return 3 months ?
-8.1%
Return 6 months ?
-8.7%

🗓️ Quarterly results (15 quarters · ₹ Cr)

same fiscal quarter as Jun bestweakest per row · for costs (interest, NPAs) low is best
Metric Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026 YoY % QoQ %
Sales 21,65432,45633,89234,43635,29935,37337,21837,68941,46542,59945,43646,10652,10054,98258,188 +28.1% +5.8%
Operating Profit 2,8145,6586,2465,7306,2246,5267,2436,8998,2267,9118,1348,92910,10710,12710,565 +29.9% +4.3%
Other Income 6706621,0688127568297331,3607247021,4886761,3231,1371,016 -31.7% -10.6%
Interest 691,6341,7191,8351,9451,9892,1082,2172,3622,3972,4312,3472,4052,4072,560 +5.3% +6.4%
Depreciation 8291,1941,1281,1391,1231,3351,2481,3021,4952,0291,5481,6692,1631,9431,760 +13.8% -9.4%
Profit Before Tax 1,9583,4924,4683,5683,9124,0304,6214,7405,0924,6275,6446,0586,5696,9147,628 +35.2% +10.3%
Net Profit 1,5282,9983,6842,4842,9773,1253,5463,3613,6243,5424,3773,9645,0215,2605,998 +37.0% +14.0%
EPS 12.7621.2031.5021.0723.8624.7129.4428.4328.5129.5236.5832.9041.8537.5348.80 +33.4% +30.0%
OPM % 13.0% 17.4% 18.4% 16.6% 17.6% 18.4% 19.5% 18.3% 19.8% 18.6% 17.9% 19.4% 19.4% 18.4% 18.2% +1.7% -1.1%

📆 Annual results (₹ Cr, FY = Apr–Mar)

Metric FY25 FY26 TTM YoY %
Sales ₹158,971 Cr ₹198,623 Cr ₹211,375 Cr +24.9%
Operating Profit ₹30,278 Cr ₹37,297 Cr ₹39,728 Cr +23.2%
OPM % 19.05% 18.78% 18.79% -1.4%
NPM % 8.85% 9.38% 9.58% +6.0%
Other Income ₹3,519 Cr ₹4,624 Cr ₹4,152 Cr +31.4%
Depreciation ₹6,074 Cr ₹7,322 Cr ₹7,535 Cr +20.6%
Interest ₹9,083 Cr ₹9,591 Cr ₹9,719 Cr +5.6%
EBIT ₹24,205 Cr ₹29,975 Cr ₹32,192 Cr +23.8%
PBT ₹19,080 Cr ₹25,185 Cr ₹27,169 Cr +32.0%
Tax ₹-2,856 Cr ₹-4,909 Cr ₹-5,272 Cr -71.9%
Net Profit ₹14,073 Cr ₹18,622 Cr ₹20,243 Cr +32.3%
EPS ₹115.90 ₹148.86 ₹161.08 +28.4%
Material Cost ₹93,899 Cr ₹88,748 Cr ₹95,578 Cr -5.5%
Employee Cost ₹11,126 Cr ₹9,492 Cr ₹9,836 Cr -14.7%
Extraordinary Items — ₹-293 Cr ₹-293 Cr —

🏛️ Balance Sheet (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Equity Capital 557557558559 +0.2%
Reserves 55,80965,63376,48192,538 +21.0%
Borrowings 92,647108,647129,025133,963 +3.8%
Other Liabilities 55,27059,88469,95090,575 +29.5%
Total Liabilities 204,283234,722276,013317,635 +15.1%
Fixed Assets 27,14028,12934,63643,831 +26.5%
CWIP 3,9698,0398,2982,368 -71.5%
Investments 35,27235,20841,30940,324 -2.4%
Other Assets 137,902163,345191,771231,112 +20.5%
Total Assets 204,283234,722276,013317,635 +15.1%

💧 Cash Flow (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Cash from Operating Activity -7,074-5,6303,17611,657 +267.0%
Cash from Investing Activity -8,866-5,615-18,616-17,707 +4.9%
Cash from Financing Activity 15,94612,28115,8345,391 -66.0%
Net Cash Flow 61,037394-659 -267.3%
Free Cash Flow -13,241-15,303-6,6332,545 +138.4%
CFO/OP -21%-7%26%48% +84.6%

➗ Ratios (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Debtor Days 21201917 -10.5%
Inventory Days 83817865 -16.7%
Days Payable 118112118112 -5.1%
Cash Conversion Cycle -13-11-21-30 -42.9%
Working Capital Days -14-8-14-2 +85.7%
ROCE % 13%14%14%15% +7.1%

👥 Shareholding (latest 4 periods)

Metric Jun 2025Sep 2025Dec 2025Mar 2026 % Chg
DIIs 29.57%29.95%30.39%31.37% +3.2%
Promoters 18.43%18.43%18.43%18.45% +0.1%
FIIs 38.53%38.04%37.49%36.23% -3.4%
Government 0.08%0.08%0.12%0.21% +75.0%
Public 9.77%9.93%10.03%10.25% +2.2%
Others 3.58%3.55%3.52%3.50% -0.6%
No. of Shareholders 8,64,1898,81,1548,85,0619,41,478 +6.4%

⚖️ Peer comparison

Industry: Auto Manufacturers · 10 companies · full page →
# Company CMP MCap (Cr) P/E Sales TTM NP TTM OPM% NPM% Sales YoY% NP YoY% Qtr Rev Δ% Qtr NP Δ%
1 MARUTI Maruti Suzuki ₹12,400.00 389,859 26.6 183,315 14,679 11.7% 8.0% 19.9% 1.2% 28.2% -6.4%
2 M&M Mahindra & Mahindra ₹3,107.00 373,077 18.6 211,375 20,243 18.8% 9.6% 24.9% 32.3% 28.1% 37.0%
3 BAJAJ-AUTO Bajaj Auto ₹11,678.00 320,916 27.7 71,460 11,590 19.8% 16.2% 23.4% 44.4% 65.1% 46.0%
4 EICHERMOT Eicher Motors ₹7,530.00 206,715 35.8 24,998 5,773 24.7% 23.1% 24.0% 16.5% 31.5% 21.3%
5 TVSMOTOR TVS Motor ₹4,103.10 194,990 56.9 60,155 3,602 14.8% 6.0% 26.3% 33.9% 33.5% 64.5%
6 HYUNDAI HYUNDAI MOTOR ₹2,174.00 176,646 35.7 70,685 4,951 11.2% 7.0% 2.3% -3.7% -0.5% -35.1%
7 TMCV TATA MOTORS ₹434.25 159,925 38.5 87,165 4,149 13.1% 4.8% — — 19.3% 83.0%
8 TMPV Tata Motors ₹315.35 116,140 1.4 64,356 82,378 4.2% 128.0% 0.2% 1447.5% 11.8% -98.6%
9 HEROMOTOCO Hero MotoCorp ₹5,221.50 104,504 18.2 47,411 5,776 14.8% 12.2% 15.9% 32.0% 30.2% 26.1%
10 FORCEMOT Force Motors ₹17,705.00 23,329 18.6 9,200 1,252 16.1% 13.6% 12.2% 51.4% 6.2% 22.8%
❓ Frequently asked questions
What was Mahindra & Mahindra Limited's revenue in Q1 FY27?
Mahindra & Mahindra Limited reported revenue of ₹58,188 crore for the quarter ended June 2026 (Q1 FY27), up 28.1% from ₹45,436 crore in the same quarter last year, and up 5.8% sequentially over the March 2026 quarter.
What was Mahindra & Mahindra Limited's net profit in Q1 FY27?
Net profit rose 37.0% year-on-year to ₹5,998 crore, from ₹4,377 crore. Earnings per share (EPS) came in at ₹48.80.
What is M&M's market capitalisation and P/E ratio?
At the current price of ₹2,920.90, M&M has a market capitalisation of ₹350,731 crore and a trailing P/E of about 17.3.
Who owns Mahindra & Mahindra Limited? (shareholding pattern)
As of Mar 2026, domestic institutional investors (DIIs) 31.37%, promoters held 18.45%, foreign institutional investors (FIIs) 36.23%, the government 0.21%, public shareholders 10.25% of Mahindra & Mahindra Limited.
TTM ends 2026-06-30. Amounts are ₹ crore unless stated otherwise. Figures are extracted by AI from public quarterly filings; gaps are filled from public market data. Live price refreshed about twice a day from exchange data. Educational information only — not financial advice.
⚠️ How this site is made: Market data pages are computed automatically from NSE/BSE publications and company filings; news articles and announcement analyses are written with AI assistance, with a human in the loop: our editors review what the AI produces. Both can contain errors. Verify with the original sources before any investment decision. Not investment advice; Flash Finance is not SEBI-registered. How we use AI