M&M Q4 Results LIVE: Auto major Mahindra & Mahindra reported a strong financial performance for the March quarter (Q4 FY26), driven by healthy demand across its automotive and farm equipment businesses. The company posted a consolidated net profit of ₹4,667.57 crore, marking a 41.65% increase compared to ₹3,295.17 crore in the corresponding quarter last year. The sharp rise in profitability reflects improved operating leverage and sustained volume growth across key segments.
On a sequential basis, however, profit remained largely stable, witnessing a marginal decline of 0.15% from ₹4,674.64 crore reported in the December quarter (Q3 FY26). This indicates that while the company maintained strong earnings momentum, growth plateaued slightly on a quarter-on-quarter basis.
Revenue from operations for the quarter stood at ₹54,891.55 crore, registering a robust 29% year-on-year growth from ₹42,585.67 crore in Q4 FY25. Sequentially, revenue rose 6.4% from ₹51,579.95 crore, highlighting continued demand traction, particularly in the SUV segment, along with steady performance in the farm business.
For the full financial year FY26, Mahindra & Mahindra reported consolidated revenue of ₹1,97,792.78 crore, reflecting a 24.6% increase over the previous year. Net profit for the year rose 32.25% YoY to ₹17,098.85 crore, underlining consistent growth in both scale and profitability. The company’s performance during the year was supported by strong execution, improved product mix, and favourable demand conditions across its core segments.
Dividend: The company’s board recommended a final dividend of ₹33 per equity share of face value ₹5 for FY26, translating to a 660% payout. This marks an increase from the dividend of ₹25.3 per share (506%) declared for FY25, indicating strong cash generation and a continued focus on shareholder returns.
Commenting on the results, Anish Shah said FY26 was a defining year for the group, marked by strong execution and standout performance across several businesses despite geopolitical headwinds and multiple disruptions during the year. He added that the company remains well positioned to sustain growth momentum going forward, supported by its diversified portfolio and strategic focus areas.
