Mahindra & Mahindra posted a 25% year-on-year rise in second quarter consolidated profit after tax (PAT) to Rs45.88bn ($488.1m), supported by automotive and services’ performance.
For the quarter ended 30 September 2026, the Indian group reported that consolidated revenue grew 25% to Rs575.53bn.
The farm business was affected during the period by a shift in the festive season.
For the first half of FY27, consolidated PAT increased to Rs100.42bn from Rs77.57bn, and consolidated revenue rose to Rs1.15tn from Rs915.64bn.
In the automotive segment, quarterly vehicle volumes grew 26% to 330,896 units, including despatches by group entities, with utility vehicle sales reaching 183,000 units.
Automotive consolidated revenue for Q2 F27 rose 39% to Rs377.56bn, and consolidated PAT expanded 55% to Rs23.88bn.
Standalone automotive revenue climbed to Rs339.37bn from Rs249.29bn in the corresponding period of the previous year, with standalone profit before interest and tax (PBIT) rising 15% to Rs26.14bn.
The farm division registered total tractor volumes of 116,027 units, a decline of 6% year on year, whilst holding a 41.5% market share.
Consolidated farm revenue decreased 6% to Rs95.72bn, and consolidated PAT dropped 9% to Rs10.53bn. Standalone farm PBIT stood at Rs14.41bn.
In services, consolidated revenue rose 18% to Rs118.21bn, while consolidated PAT was Rs11.47bn, up 18%.
Mahindra & Mahindra auto and farm sector executive director and CEO Rajesh Jejurikar said: “Auto Business delivered strong performance while Farm business continues to demonstrate strong resilience in Q2F27.
"SUV volume grew 26% YoY and retained market leadership in revenue market share. EV product range continue to show momentum with maintaining #1 position in revenue market share for the 1st half of the year.”
In August, Mahindra unveiled its Global Pik Up, a model that will reach Indian buyers under the Scorpio Lifestyler name and be sold abroad as the Mahindra Lifestyler.
The truck was previewed as a concept vehicle in Cape Town in August 2023.
In India, the Scorpio Lifestyler is due to go on sale by April 2027, with a starting ex-showroom price below Rs1.97m.
