M&M Q1 Profit Up 23%, SUV Market Share Soars

  Published 10 months ago

Mahindra & Mahindra posted 23.4% YoY profit growth in Q1 FY26, with strong gains in SUV, tractor, and IT segments.

  • Revenue rose 22.8% YoY to Rs 45,435.88 crore; the automotive segment led with 31.46% growth to Rs 25,998.71 crore.
  • SUV market share rose 570 bps to 27.3%, tractor sales grew 10% YoY; LCV and EV segments also saw leadership gains.
  • Tech Mahindra EBIT rose 260 bps; MMFSL AUM grew 15% with stable asset quality; EBITDA up 17% to Rs 4,795 crore.

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