Mahindra & Mahindra lifts quarterly net profit 25% as auto unit surges
Mahindra & Mahindra's net profit rose 25% to ₹4,588 crore in the September quarter, with its auto segment up 55%, according to Moody's.
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what happened
According to Moody's, Mahindra & Mahindra posted consolidated net profit attributable to owners of ₹4,588 crore for the second quarter of fiscal 2027, ended September 30, 2026. That is 25% higher than the ₹3,673 crore recorded a year earlier. Consolidated revenue from operations rose 25% to ₹57,553 crore.
The automotive segment led the growth, with profit up 55% to ₹2,388 crore. SUV volumes climbed 26% to 183,000 units. The farm equipment business, however, saw profit fall 9% to ₹1,053 crore, hit by commodity inflation, a monsoon deficit and weak overseas demand. The tractor industry outlook for fiscal 2027 was revised to flat.
On results day the shares traded at ₹3,134.40 on the NSE, up 5.61% in the afternoon.
why it matters
The results matter for Indian equities because the auto business is carrying growth while cost pressures in farm equipment and across margins remain a watch point. Management expects mid-to-high teen SUV volume growth for M&M in fiscal 2027.
market impact
M&M shares: strong auto earnings support the stock, while farm margins remain a drag
- M&M shares pressure up — strong auto profit growth and an upbeat SUV volume outlook support the stock
tags
instruments
sources
- Mahindra & Mahindra Q2 FY27 net profit rises 25% to ₹4,588 crore — Moody's, 5 November 2026 at 09:41 UTC
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