Mahindra & Mahindra

M_M · NSE · INR

₹2,860.00−3.05%−₹90.00

Close · October 1, 2026

Financial data

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

Income statement · Quarterly
Item	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023
Total revenue	592,036	556,839	529,583	467,812	464,461	427,752	418,814	385,830	374,188	353,971	358,099	350,272
Cost of revenue	363,320	351,733	321,466	281,095	283,349	267,335	251,291	226,824	221,616	214,605	215,218	209,328
Gross profit	228,716	205,106	208,117	186,717	181,112	160,417	167,523	159,006	152,572	139,366	142,881	140,944
Selling, general and administrative	33,883	52,068	33,359	31,120	30,445	46,825	28,828	26,552	26,786	43,175	26,863	27,158
Operating income	100,827	95,181	88,560	79,465	77,818	66,044	71,469	64,906	61,965	55,199	56,119	51,827
EBIT	100,827	95,181	88,560	79,465	77,818	66,044	71,469	64,906	61,965	55,199	56,119	51,827
EBITDA	109,620	103,974	96,147	95,548	85,405	73,631	77,735	77,655	68,231	61,465	62,307	63,157
Interest expense	25,599	23,398	24,053	23,470	24,312	23,564	23,622	22,170	21,077	18,351	19,449	18,352
Pre-tax income	76,281	69,141	65,686	60,579	56,441	46,268	50,920	47,400	46,209	40,300	39,122	35,677
Income tax	16,305	16,542	15,472	20,942	12,675	10,850	14,675	13,789	10,751	9,051	9,352	10,837
Net income	54,545	46,676	46,746	36,733	40,833	32,952	31,806	31,707	32,826	27,541	26,584	23,478
Net income to common shareholders	54,545	46,676	46,746	36,733	40,833	32,952	31,806	31,707	32,826	27,541	26,584	23,478
Basic EPS	48.80	41.77	41.85	32.90	36.58	29.52	28.51	28.43	29.44	24.71	23.86	21.07
Diluted EPS	48.59	41.09	41.69	32.51	36.43	28.64	28.40	28.31	29.32	24.59	23.76	20.99
Average shares (basic)	1,118	1,117	1,117	1,117	1,116	1,116	1,116	1,115	1,115	1,115	1,114	1,114
Average shares (diluted)	1,123	1,125	1,121	1,130	1,121	1,135	1,120	1,120	1,120	1,119	1,119	1,119
Dividend per share	—	33.00	—	—	—	25.30	—	—	—	21.10	—	—