Mahindra & Mahindra Limited — Quarter ended 31st March 2026 (and year ended 31st March 2026)
| Particulars | Quarter Ended | Year Ended |
|---|---|---|
| 31st Mar 2026 (Audited) Refer note 7 |
31st Dec 2025 (Unaudited) |
|
| 1. Income | ||
| a. Revenue from operations | 54,891.55 | 51,579.95 |
| b. Income from investments related to subsidiaries, associates and joint ventures | 90.36 | 519.80 |
| Income from operations | 54,981.91 | 52,099.75 |
| c. Other income | 994.84 | 858.52 |
| Total income | 55,976.75 | 52,958.27 |
| 2. Expenses | ||
| a. Cost of materials consumed | 31,139.66 | 27,816.19 |
| b. Purchases of stock-in-trade | 2,336.42 | 2,222.63 |
| c. Changes in inventories of finished goods, stock-in-trade and work-in-progress | 855.32 | 2,107.78 |
| d. Employee benefits expense | 3,238.23 | 3,335.88 |
| e. Finance costs | 2,407.33 | 2,405.30 |
| f. Depreciation, amortisation and impairment expense | 1,942.68 | 2,162.89 |
| g. Loss from investments related to subsidiaries, associates and joint ventures | 410.19 | 53.84 |
| h. Other expenses | 7,285.65 | 6,456.89 |
| Total expenses | 49,615.48 | 46,561.40 |
| 3. Profit/(loss) before exceptional items, share of profit/(loss) of associates, joint ventures and tax (1 – 2) | 6,361.27 | 6,396.87 |
| 4. Exceptional items (note 3) | – | (292.94) |
| 5. Profit/(loss) before share of profit/(loss) of associates, joint ventures and tax (3 + 4) | 6,361.27 | 6,103.93 |
| 6. Share of profit of associates and joint ventures (net) | 552.83 | 464.69 |
| 7. Profit/(loss) before tax (5 + 6) | 6,914.10 | 6,568.62 |
| 8. Tax expense | ||
| a. Current tax | (1,804.11) | (1,630.38) |
| b. Deferred tax | 149.92 | 83.23 |
| 9. Profit/(loss) after tax (7 + 8) | 5,259.91 | 5,021.47 |
| 10. Other comprehensive income/(loss) | ||
| a. (i) Items that will not be reclassified to profit or loss | (24.69) | (10.73) |
| (ii) Income tax relating to items that will not be reclassified to profit or loss | 14.86 | 2.01 |
| b. (i) Items that will be reclassified to profit or loss | 475.63 | 137.49 |
| (ii) Income tax relating to items that will be reclassified to profit or loss | (40.07) | 2.32 |
| 11. Total comprehensive income/(loss) for the period (9 + 10) | 5,685.64 | 5,152.56 |
| 12. Profit/(loss) for the period attributable to: | ||
| a) Owners of the company | 4,667.57 | 4,674.64 |
| b) Non-controlling interest | 592.34 | 346.83 |
| Particulars | Quarter Ended | Year Ended |
|---|---|---|
| 31st Mar 2026 (Audited) Refer note 7 |
31st Dec 2025 (Unaudited) |
|
| A. Segment revenue: | ||
| Automotive | 34,294.18 | 30,370.37 |
| Farm Equipment | 10,022.10 | 11,500.69 |
| Services: | ||
| Financial Services | 5,525.29 | 5,435.15 |
| Industrial Businesses and Consumer Services | 6,622.18 | 6,200.62 |
| Total segment revenue | 56,463.75 | 53,506.83 |
| Less: Inter-segment revenue | 1,481.84 | 1,407.08 |
| Income from operations | 54,981.91 | 52,099.75 |
| B. Segment results after exceptional items and before share of profit/(loss) of associates and joint ventures: | ||
| Automotive | 3,186.83 | 2,625.98 |
| Farm Equipment | 1,015.52 | 1,253.79 |
| Services: | ||
| Financial Services | 1,233.26 | 1,075.81 |
| Industrial Businesses and Consumer Services | 458.06 | 734.46 |
| Total | 5,893.67 | 5,690.04 |
| C. Segment results after exceptional items and share of profit/(loss) of associates and joint ventures: | ||
| Automotive | 3,176.16 | 2,607.31 |
| Farm Equipment | 1,019.34 | 1,258.74 |
| Services: | ||
| Financial Services | 1,249.34 | 1,093.79 |
| Industrial Businesses and Consumer Services | 1,001.66 | 1,194.89 |
| Total | 6,446.50 | 6,154.73 |
| Finance costs (excludes Financial Services business) | (191.05) | (172.98) |
| Other unallocable income/(expense), net (includes exceptional items not allocated to segments) | 658.65 | 586.87 |
| Profit/(loss) before tax | 6,914.10 | 6,568.62 |
| D. Segment assets: | ||
| Automotive | 54,612.25 | 53,832.46 |
| Farm Equipment | 18,755.50 | 16,842.44 |
| Services: | ||
| Financial Services | 1,55,756.75 | 1,49,952.16 |
| Industrial Businesses and Consumer Services | 41,763.13 | 42,182.09 |
| Total segment assets | 2,70,887.63 | 2,62,809.15 |
| Unallocable assets | 46,747.01 | 36,584.03 |
| Total assets | 3,17,634.64 | 2,99,393.18 |
| E. Segment liabilities: | ||
| Automotive | 37,270.73 | 31,353.05 |
| Farm Equipment | 11,057.77 | 9,784.75 |
| Services: | ||
| Financial Services | 1,31,591.34 | 1,26,240.94 |
| Industrial Businesses and Consumer Services | 17,931.66 | 18,280.14 |
| Total segment liabilities | 1,97,851.50 | 1,85,658.88 |
| Unallocable liabilities | 10,292.14 | 10,223.91 |
| Particulars | As at 31st Mar 2026 (Audited) | As at 31st Mar 2025 (Audited) |
|---|---|---|
| A. ASSETS | ||
| 1. NON-CURRENT ASSETS | ||
| Property, plant and equipment | 29,012.33 | 25,834.82 |
| Capital work-in-progress | 2,368.02 |