M&M Q4 results 2026: Auto major Mahindra and Mahindra (M&M), on Tuesday, 5 May, reported a healthy 41.65% year-on-year (YoY) rise in its consolidated profit to ₹4,667.57 crore for the January-March quarter of the financial year 2026 (Q4FY26).
In the corresponding quarter of the previous financial year, the company’s profit was ₹3,295.17 crore.
Sequentially, or on a quarter-on-quarter (QoQ) basis, M&M’s profit saw a minor dip of 0.15% as in Q3FY26, the profit was ₹4,674.64 crore.
Revenue from operations for Q4FY26 stood at ₹54,891.55 crore, up nearly 29% from ₹42,585.67 crore in Q4FY25. Sequentially, revenue increased by 6.4% from ₹51,579.95 crore in Q3FY26.
For the entire financial year 2026 (FY26), consolidated revenue increased by 24.6% YoY to ₹1,97,792.78 crore, while profit jumped 32.25% YoY to ₹17,098.85 crore.
Meanwhile, M&M’s board approved a final dividend of ₹33 per share, with a face value of ₹5 each, for the financial year 2026. The dividend in FY26 is higher than the ₹25.3 per share dividend declared in FY25. The record date for the final dividend is Friday, 3 July 2026.
“FY26 has been a defining year marked by strong execution and breakthrough performance across several group companies, despite geopolitical headwinds and several disruptions through the year,” said Anish Shah, Group CEO & Managing Director, M&M.
“The auto and farm segment further strengthened its leadership, supported by sustained customer demand for our differentiated products and operational discipline. Tech Mahindra reported healthy traction in key new deal wins despite a challenging global environment. MMFSL pivoted to growth on the back of stable asset quality. Our Growth Gems have demonstrated significant momentum. The Group is well poised to accelerate in these uncertain times,” Shah said.
M&M Q4 results: key highlights
The auto segment
The auto segment’s Q4 volumes stood at 3,07,000, including sales by LMM and MEAL, rising 21%, while UV volumes stood at 1,84,000 during the quarter.
Q4 SUV revenue market share increased by 60 basis points to 24.5%.
Standalone Q4 PBIT rose by 28% to ₹2,955 crore, while PBIT margin stood at 9.5%.
The segment’s consolidated Q4 revenue rose by 32% to ₹34,294 crore, while PAT jumped by 49% to ₹2,553 crore.
(This is a developing story. Please check back for fresh updates.)
