Mahindra & Mahindra revenue and financials

500520 · BSE · INR

₹2,804.95−1.65%−₹47.05

Close · October 7, 2026

In the fiscal year ended March 2026, Mahindra & Mahindra reported revenue of ₹2.02T (+25.45% year over year). Net income was ₹170.99B, a net margin of 8.5%.

Annual revenue · 2026: ₹2.02T

₹909.45B2022
₹1.22T2023
₹1.41T2024
₹1.61T2025
₹2.02T2026

Fiscal year ending in March. Sources and method on the page Methodology and sources.

At a glance

Revenue growth: +25.45%; FY to Mar 2026 vs FY to Mar 2025
Net income growth: +32.25%; FY to Mar 2026 vs FY to Mar 2025
Net margin: 8.5%; FY to Mar 2025: 8.0%

Financial data

Amounts in millions of INR; per-share values in INR; shares in millions.

Balance sheet · Annual
Item	FY to Mar 2026	FY to Mar 2025	FY to Mar 2024	FY to Mar 2023	FY to Mar 2022
Total assets	3,176,346	2,775,863	2,363,007	2,058,918	1,741,128
Current assets	1,471,396	1,265,733	982,656	913,254	751,480
Cash and equivalents	42,922	49,239	45,301	34,934	34,876
Short-term investments	288,684	197,577	109,726	121,249	101,633
Receivables	634,054	557,358	480,902	427,621	365,778
Inventory	220,441	203,309	185,905	168,550	115,958
Net property, plant and equipment	313,804	294,874	248,699	215,740	249,384
Goodwill	25,348	23,739	24,484	25,489	13,404
Other intangible assets	60,999	52,495	51,036	32,214	40,846
Long-term investments	234,421	197,067	241,045	230,185	203,181
Current liabilities	1,160,986	903,220	755,457	705,794	562,883
Accounts payable	378,887	308,553	256,656	238,357	190,366
Long-term debt	764,502	838,973	700,758	555,587	487,686
Total debt	1,339,632	1,249,493	1,066,255	922,469	—
Total liabilities	2,081,436	1,884,883	1,587,914	1,388,097	1,172,875
Total equity (incl. minority)	1,094,910	890,980	775,093	670,821	568,253
Retained earnings	878,060	731,188	625,797	528,615	436,333
Minority interest	163,947	120,591	113,188	107,163	97,026