Mahindra Q1 F27 profit jumps 34% to Rs 5,455 crore, revenue up 28%
Mahindra & Mahindra posted a 34% rise in consolidated net profit to Rs 5,455 crore for the June quarter, with revenue up 28% to Rs 58,188 crore.
- Rs 5,455 crore (up 34%)
- Rs 58,188 crore (up 28%)
- 23.0%
- Rs 48.6
What Happened
Mahindra & Mahindra reported a strong start to fiscal 2027, with consolidated profit after tax (PAT) rising 34% year-on-year to Rs 5,455 crore in the quarter ended June 30, 2026. Consolidated revenue grew 28% to Rs 58,188 crore. The company said its Auto and Farm businesses delivered on growth and margins, with profits up 18%, while financial services AUM grew 13% and Tech Mahindra improved EBIT by 330 basis points. Among growth gems, Mahindra Logistics posted 23% revenue growth and MLDL delivered 2x PAT growth.
Rs 5,455 crore
Up 34% YoY; RoE at 23.0%; EPS at Rs 48.6
- Rs 58,188 cr vs Rs 45,529 cr
- Rs 5,455 cr vs Rs 4,083 cr
- #1 in SUVs with revenue market share at 25.0%; SUV volumes up 15%
- #1 in LCVs <3.5T with market share at 52.0%
- #1 in Tractors with market share at 44.9%
- #1 in electric 3-wheelers with market share at 39.5%
In Auto, quarterly volumes rose 23% to 304k units (including sales by LMM and MEAL), with UV volumes at 175k. Auto standalone PBIT was flat at Rs 2,212 crore; the PBIT margin was 7.1%, or 8.3% excluding eSUV contract manufacturing, down 170 basis points. Consolidated Auto revenue grew 32% to Rs 34,387 crore and PAT rose 21% to Rs 2,129 crore. In Farm, tractor volumes rose 18% to 158k units, with market share at 44.9%. Farm standalone PBIT rose 11% to Rs 2,028 crore, with a PBIT margin of 18.5%, down 130 basis points. Consolidated Farm revenue grew 15% to Rs 12,501 crore and PAT rose 15% to Rs 1,520 crore.
Services businesses also improved. MMFSL AUM rose 13% with GS3 at 3.45%, and its PAT grew 78%. Tech Mahindra's EBIT margin improved 330 basis points to 14.4%, with PAT up 28%. Mahindra Lifespaces residential pre-sales doubled to Rs 925 crore and acquired GDV rose 60% to Rs 5.6k crore. Club Mahindra occupancy was 87% with room keys up 1%. Mahindra Logistics revenue grew 23% to Rs 2,003 crore, with PAT up 3x. Consolidated services revenue rose 31% to Rs 12,899 crore and PAT jumped 80% to Rs 1,805 crore.
“We are delighted to report a strong start to F27, despite a quarter marked by macro headwinds. The strength of our diversified portfolio coupled with proactive actions to navigate through this challenging environment has enabled us to deliver strong results.”
Previously from Mahindra & Mahindra
The results follow Mahindra's announcement earlier this month of price hikes averaging 2.7% on SUVs and 2% on commercial vehicles effective July 10, 2026, citing rising commodity costs. In mid-July, the company's Chakan plant reached a milestone of 3 million vehicles, led by the BE 6 electric SUV. Separately, Tech Mahindra reported a 53.3% year-on-year jump in EBIT for the June quarter, with deal wins up 33%.
- Mahindra announces price hike across SUV and CV range effective July 10, 2026
- Mahindra’s Chakan Plant Reaches 3 Million Vehicles, Led by BE 6 Electric SUV
- Tech Mahindra Q1 FY27 EBIT soars 53.3% YoY to ₹2,264 crores; deal wins at $1,078 Mn, up 33%
Background drawn from MotorClaw's earlier coverage of Mahindra & Mahindra's official releases.
Why this matters
The results show how a diversified Indian auto-to-services group performed amid commodity inflation and macro headwinds. Mahindra's market-share leadership in SUVs, tractors, small commercial vehicles, and electric three-wheelers makes the numbers a bellwether for demand in those segments. Buyers and investors may watch whether the company can sustain growth as it navigates a challenging environment.
Terms in This Story
- PAT
- Profit after tax; a company's net income after all expenses and taxes.
- RoE
- Return on equity; a measure of profitability relative to shareholders' equity.
- PBIT
- Profit before interest and tax; an operating performance measure.
- AUM
- Assets under management; the total market value of investments managed by a financial institution.
Summarised from the linked release; details can be imperfect — always verify against the original source.