New Delhi, July 30: Mahindra & Mahindra (M&M) has reported a 34 per cent year-on-year rise in consolidated profit after tax (PAT) to Rs 5,455 crore for the quarter ended 30 June, driven by strong performance across its auto, farm and services businesses.
Consolidated revenue increased 28 per cent to Rs 58,188 crore. Annualised return on equity stood at 23 per cent, the company said on Thursday.
The automaker said its diversified business portfolio helped it navigate a challenging macroeconomic environment during the quarter.
Auto and Farm businesses continued to strengthen their market positions, while financial services, technology and logistics businesses also delivered robust growth.
M&M retained its leadership position in the sport utility vehicle (SUV) segment with a 25 per cent revenue market share. SUV volumes rose 15 per cent during the quarter.
The company also remained the market leader in light commercial vehicles (LCVs) below 3.5 tonnes with a 52 per cent market share.
Tractors had a 44.9 per cent market share, and electric three-wheelers had a 39.5 per cent market share.
The Auto business recorded consolidated revenue of Rs 34,387 crore, up 32 per cent year-on-year. PAT increased 21 per cent to Rs 2,129 crore.
In the Farm segment, consolidated revenue rose 15 per cent to Rs 12,501 crore, and PAT also increased 15 per cent to Rs 1,520 crore.
The company’s services portfolio also posted strong growth during the quarter. Mahindra Finance’s assets under management (AUM) grew 13 per cent.
Tech Mahindra expanded its EBIT margin by 330 basis points and reported a 28 per cent increase in profit attributable to M&M.
Mahindra Logistics posted 23 per cent revenue growth and a three-fold increase in profit, while Mahindra Lifespaces more than doubled residential pre-sales to Rs 925 crore.
Consolidated services revenue rose 31 per cent to Rs 12,899 crore, while PAT surged 80 per cent to Rs 1,805 crore.
Commenting on the results, Group CEO and Managing Director Dr Anish Shah said the company had delivered a strong start to FY27 despite macroeconomic headwinds, supported by its diversified portfolio and proactive execution across businesses.
Executive Director and CEO (Auto and Farm Sector) Rajesh Jejurikar said the company increased its SUV revenue market share and strengthened its leadership in tractors during the quarter, while maintaining resilient profitability despite commodity inflation.
Group Chief Financial Officer Amarjyoti Barua added that M&M’s supply chain teams successfully managed a volatile operating environment marked by rising commodity prices.
This helped the company deliver 34 per cent growth in consolidated PAT while maintaining a strong balance sheet. (BVI)
