M&M Q3 net profit rises 47% to ₹4,675 crore

Mahindra & Mahindra Ltd (M&M) for the third quarter ended December 31, 2025 reported 47% growth in consolidated net profit at ₹4,675 crore as against ₹3,181 crore in the year ago period. For the period consolidated revenue grew 26% Year on Year (YoY) to ₹52,100 crore. 

Auto and Farm business continued to deliver on growth and margins, with profits rising by 33% YoY to ₹3,931 crore. Revenue grew by 26% YoY to ₹38,942 crore.

Anish Shah, Group CEO & Managing Director, said, “The quarterly performance reflect 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.”

“Tech Mahindra continues to make meaninfull 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,” he added.

Rajesh Jejurikar, Executive Director & CEO (Auto and Farm Sector), said, “Auto and Farm businesses delivered strong performance in Q3’FY26. 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.

Amarjyoti Barua, Group Chief Financial Officer, said, “Our Q3 consolidated results reflects the strength and depth of our diversified portfolio. Our services businesses continue to increase their contribution to the overall results.”