Mahindra & Mahindra

M_M · NSE · INR

₹2,860.00−3.05%−₹90.00

Close · October 1, 2026

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.

Income statement · Annual
Item	FY to Mar 2026	FY to Mar 2025	FY to Mar 2024	FY to Mar 2023	FY to Mar 2022
Total revenue	2,017,985	1,608,661	1,409,330	1,222,772	909,446
Cost of revenue	1,237,643	967,066	843,911	747,030	524,451
Gross profit	780,342	641,594	565,419	475,742	384,995
Selling, general and administrative	146,992	128,991	123,027	112,060	97,016
Operating income	340,315	266,461	222,433	169,652	119,542
EBIT	340,315	266,461	222,433	169,652	119,542
EBITDA	375,487	296,807	247,497	194,402	140,422
Interest expense	95,233	90,433	73,340	56,995	49,146
Pre-tax income	251,848	190,796	159,778	140,602	93,618
Income tax	65,631	50,065	37,080	26,858	21,088
Net income	170,989	129,291	112,686	102,815	65,773
Net income to common shareholders	170,989	129,291	112,686	102,815	65,773
Basic EPS	153.10	115.91	101.14	92.41	59.20
Diluted EPS	152.18	115.06	100.70	91.96	58.83
Average shares (basic)	1,117	1,115	1,114	1,113	1,111
Average shares (diluted)	1,121	1,120	1,119	1,117	1,116
Dividend per share	33.00	25.30	21.10	16.25	11.55