Mumbai-headquartered auto-to-tech conglomerate Mahindra & Mahindra posted its strongest annual performance on record, crossing ₹1,98,639 crore in consolidated revenue for FY2026, up 25 per cent year-on-year. Consolidated Profit After Tax (PAT) surged by 35 per cent to ₹17,099 crore, the highest in the group's history.
For the fourth quarter, consolidated revenue grew 29 per cent to ₹54,982 crore, with consolidated PAT jumping 42 per cent to ₹4,668 crore. The Mahindra & Mahindra board declared a dividend of ₹33 per share, up 30 per cent.
The auto business held its #1 SUV position with more than 25 per cent revenue market share, selling over 11.17 lakh vehicles across FY2026, up 19 per cent.
Tractor volumes hit a historic milestone of over 5 lakh in a single year for the first time, with market share rising to more than 43 per cent.
The company also leads in electric three-wheelers with a 40 per cent market share and is now India's 5th largest passenger and commercial vehicle exporter.
IT services arm Tech Mahindra improved its EBIT margin by 290 basis points over the full year to 12.6 per cent, recovering impressively from its multi-year low. The Services segment, spanning Mahindra Finance, Lifespaces, Club Mahindra and Logistics, delivered 54 per cent PAT growth in fiscal period. The newer "Growth Gems" portfolio of businesses, including Real Estate, Logistics and Accelo, posted 50 per cent PAT growth. The Return on Equity for FY2026 stands at 20.1 per cent with an EPS of ₹152.2 on a consolidated basis.
The group competes in four distinct industries—automotive, agriculture, financial services, and technology—and posted a simultaneous lift in performance across all of them.
This led to shares jumping in the first 15 minutes of the results announcement, by 1.2 per cent to ₹3,145 a piece.
