Mahindra & Mahindra Q3 Results: Net profit rises 33% to ₹3,931 crore, revenue climbs 26%

Mahindra & Mahindra Q3 Results: Automobile manufacturer Mahindra & Mahindra posted a 32.62% increase in its standalone profit after tax to ₹3,931.3 crore in the December quarter of the financial year 2025-26, according to an exchange filing on Wednesday, February 11.

The XUV700 maker had reported a post-tax profit of ₹2,964.31 crore in the corresponding period of the previous fiscal year.

Revenue from operations climbed 26.12% to ₹38,516.81 crore in the October-December quarter of FY26, compared to ₹30,538.23 crore in the year-ago quarter.

Earnings before interest, taxes, depreciation, and amortisation (EBITDA) rose 20.72% to ₹5,293 crore in the quarter under review, as against 4,384 crore in Q3 FY25. EBITDA margin stood at 13.74% vs 14.36%.

M&M share price

Mahindra & Mahindra Q3 results: Key highlights

• The company said it holds first position in SUVs with revenue market share at 24.1%, up 90 bps
• #1 in Light commercial vehicles (LCVs) <3.5T: market share at 51.9%, up 10 bps
• #1 in Tractors: market share at 44.0%, down 20 bps
• #1 in electric 3 wheelers: market share at 38.6%

Dr Anish Shah, Group CEO and Managing Director, said, "We are delighted to report solid operating performance across the group in Q3’F26, reflecting our strong focus on growth coupled with disciplined execution. Auto & Farm has maintained its leadership position on the back of steady customer demand, strong product acceptance and unwavering focus on operational excellence. TechM continues to make meaningful progress. Mahindra Finance delivered another solid quarter with meaningful PAT growth while maintaining strong asset quality. We are especially pleased to see breakout performance from two of our growth gems, Mahindra Logistics and Mahindra Lifespaces."

Rajesh Jejurikar, Executive Director & CEO (Auto and Farm Sector) said the auto and farm division posted strong performance in the reporting quarter.

"We have achieved a 90 bps YoY increase in SUV revenue share and 10 bps YoY increase in LCV (< 3.5T) market share in Q3. Our tractor business gained 20 bps YoY to reach an impressive 44.1% share for YTD FY26. Our new launches XEV 9S, and the XUV 7XO have received very positive response in the market," he added.