Mahindra & Mahindra Share Price Rises 5%; Reports 25% Growth in Q2FY27 Profit

Mahindra & Mahindra Ltd (M&M) reported a 25% year-on-year rise in consolidated revenue to ₹57,553 crore in Q2 FY27, compared with ₹46,106 crore in the corresponding quarter of the previous financial year, as per exchange filings dated November 5, 2026.  

Consolidated profit after tax (PAT) also increased 25% to ₹4,588 crore from ₹3,673 crore. For the first half of FY27, revenue stood at ₹1,15,741 crore, up 26% from ₹91,564 crore. 

PAT increased 29% to ₹10,042 crore against ₹7,757 crore in H1 FY26. The company's annualised return on equity stood at 21%. 

Automotive Segment Records Higher Revenue 

The automotive business reported consolidated revenue of ₹37,756 crore, an increase of 39% year-on-year. PAT rose 55% to ₹2,388 crore from ₹1,536 crore. 

Vehicle volumes increased 26% to 3,30,896 units during the quarter. SUV volumes reached 1.83 lakh units, with the segment reporting a 24.3% revenue market share. Electric SUVs recorded a 30.1% revenue market share. 

Farm Equipment Revenue Declines 

The farm equipment business reported consolidated revenue of ₹9,572 crore, down 6% from ₹10,225 crore in Q2 FY26. PAT fell 9% to ₹1,053 crore from ₹1,163 crore. 

Tractor volumes declined 6% to 1,16,027 units against 1,22,936 units in the year-ago quarter. The company reported a tractor market share of 41.5%. The decline in the segment was partly attributed to a shift in the festive season, alongside commodity price increases. 

Services Business Reports Growth 

Consolidated services revenue increased 18% to ₹11,821 crore, while PAT rose 18% to ₹1,147 crore. Mahindra Finance reported 15% growth in assets under management, with PAT increasing 61%.  

Tech Mahindra's PAT rose 33%, with its EBIT margin reaching 14.8%. Mahindra Logistics recorded revenue of ₹2,095 crore, up 24%, while Mahindra Lifespaces reported residential pre-sales of ₹1,100 crore, an increase of 41%. 

Read More: Keystone Realtors Share Price in Focus; Reports 84% Rise in Pre-Sales in Q2 FY27! 

Mahindra & Mahindra Share Price Performance  

As of November 5, 2026, 3:30 pm, Mahindra & Mahindra share price was trading at ₹3,117.30, a 5.25% increase from the previous closing price. 

Conclusion 

M&M's Q2 FY27 results showed higher consolidated revenue and profit, with automotive and services contributing to growth, while the farm equipment business reported lower revenue and PAT. 

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