M & M
M & M Q1 FY27 earnings call: Revenue & Margins
Q1 FY27 earnings call: what management guided on revenue, margins and order book.
What the Q1 FY27 call signalled
3 of 4 strong
The short version
Aerospace business aims to grow almost 30 times in a decade, with organic growth targeted at 10 times (Page 19). The team has delivered strong results despite challenges like commodity costs and supplier issues, providing confidence for future performance (Page 22).
From M & M's Q1 FY27 earnings-call transcript · updated 25 Aug 2026.
Revenue & Sales Performance
- Aerospace business aims to grow almost 30 times in a decade, with organic growth targeted at 10 times (Page 19).
- Growth Gems segment recorded 39% growth, expected to drive future diversification and growth substantially (Page 9).
- Auto business expects to grow with new model launches on the NU_IQ platform and accelerating EV volume growth; plans to double capacity to meet demand (Page 3).
- Farm business exports are up 15%, indicating growth potential (Page 3).
- Overall revenue grew 28% year over year, with PAT up 34% (Page 3).
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Profitability & Margins
See what M & M said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Mahindra Lifespaces aims to become a ₹10,000 crore pre-sales company by FY30, focusing on deepening presence in Mumbai, Pune, and Bangalore, which implies significant future investments in these markets.
- Real estate segment plans to expand its industrial portfolio with multiple large multi-use projects valued between ₹5,000 crore and ₹12,000 crore, indicating ongoing and future capital allocation.
- The Truck and Bus division's combination with SML enhances competitiveness and synergies, supported by capital investments to leverage scale in the enlarged business.
- Logistics business turnaround under new management involves operational efficiencies and scaling e-commerce express services, implying strategic investments in infrastructure and technology.
- Continued investment in proprietary technology platforms like the EV INGLO platform supports scalability and profitability in the electric vehicle business.
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Top-ranked in Automobiles
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what M & M said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Mahindra & Mahindra's aerospace order book stands at $1.2 billion.
- The aerospace order book has grown healthily over the last 2 years, especially last year.
- The company is considered a bigger player by order book size than revenue in the aerospace structure industry.
- The aerospace industry requires several years (2+ years) to industrialize and ramp up revenues from orders.
2 more points from M & M's call on order book
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M & M — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹55.0K Cr, net profit ₹5.3K Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What M & M's management said in earlier quarters
- Q4 FY26 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q4 FY25 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q1 FY26 earnings call →
- Q3 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
- Q4 FY23 earnings call →
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- Bajaj Auto (Q1 FY27)
Q1 FY27 saw record revenues (INR17,244 crores) and EBITDA (INR3,596 crores) with 45% YoY growth; PAT at nearly INR3,000 crores, up 42% YoY, indicating strong…
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Frequently Asked Questions
What were M & M Q1 FY27 results?
Aerospace business aims to grow almost 30 times in a decade, with organic growth targeted at 10 times (Page 19). The team has delivered strong results despite challenges like commodity costs and supplier issues, providing confidence for future performance (Page 22).
What is M & M share price analysis?
M & M currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 22.1 with a market cap of ₹424,317 Cr. Investors should review the full earnings analysis for detailed insights.
Is M & M planning capital expenditure?
Mahindra Lifespaces aims to become a ₹10,000 crore pre-sales company by FY30, focusing on deepening presence in Mumbai, Pune, and Bangalore, which implies significant future investments in these markets.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.