Mahindra & Mahindra revenue and financials
₹2,804.95Change from previous close: −1.65%Absolute change: −₹47.05
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%.
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.
| Item | FY to Mar 2026 | FY to Mar 2025 | FY to Mar 2024 | FY to Mar 2023 | FY to Mar 2022 |
|---|---|---|---|---|---|
| Operating cash flow | 116,574 | 31,758 | -56,300 | -70,740 | 92,476 |
| Depreciation and amortization | 42,691 | 37,355 | 31,576 | 30,497 | 25,705 |
| Capital expenditure | -96,055 | -103,920 | -99,460 | -63,046 | -60,398 |
| Investing cash flow | -177,074 | -186,261 | -55,978 | -85,473 | -32,258 |
| Financing cash flow | 53,910 | 158,341 | 122,814 | 159,461 | -58,826 |
| Dividends paid | -28,207 | -23,486 | -18,105 | -12,848 | -9,804 |
| Debt issued | 799,211 | 825,896 | 613,078 | 561,391 | 538,799 |
| Debt repaid | -732,552 | -655,763 | -475,907 | -383,231 | -578,062 |
| Effect of exchange rates | 1,144 | 99.8 | -120 | 339 | -128 |
| Net change in cash | -6,317 | 3,938 | 10,367 | 58.2 | 1,130 |
| Free cash flow | 20,519 | -72,161 | -155,759 | -133,786 | 32,078 |
| Levered free cash flow | 128,135 | 32,126 | -9,500 | -7,465 | 22,622 |