Mahindra & Mahindra Ltd
Mahindra & Mahindra Q2 Results 2026 (FY27): Revenue ₹57,553 Cr, PAT ₹4,588 Cr
Q2 FY27 investor presentation: what the company reported on revenue, margins and capex.
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Guidance rank: #3 of 11 in Automobiles
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Mahindra & Mahindra Ltd Q2 FY27 key numbers
- Revenue
- Consolidated M&M Q2 F27 revenue: Rs 57,553 cr, up 25% YoY from Rs 46,106 cr (Page 61, 4, Page 4).
As stated in Mahindra & Mahindra Ltd's Q2 FY27 investor presentation · published 5 Nov 2026. Reported figures, not investment advice.
Based on Mahindra & Mahindra Ltd's Q2 FY27 investor presentation. The company has not published an earnings-call transcript for this quarter, so figures here are what the investor presentation reports, not management guidance.
The short version
Consolidated M&M Q2 F27 revenue: Rs 57,553 cr, up 25% YoY from Rs 46,106 cr (Page 61, 4, Page 4). EBITDA (PBIT) for Auto Consolidated Q2 F27: Rs 3,319 cr (up from Rs 2,538 cr in Q2 F26), margin 8.8% vs 9.3% YoY (Page 49).
From Mahindra & Mahindra Ltd's Q2 FY27 earnings-call transcript · updated 5 Nov 2026.
How did Mahindra & Mahindra's revenue grow in the September 2026 quarter?
- Consolidated M&M Q2 F27 revenue: Rs 57,553 cr, up 25% YoY from Rs 46,106 cr (Page 61, 4, Page 4)
- Consolidated M&M Q2 F27 PAT: Rs 4,588 cr, up 25% YoY from Rs 3,673 cr (Page 61, 4, Page 4)
- Standalone M&M Q2 F27 revenue: Rs 86,241 cr, up 25% YoY from Rs 69,223 cr (Page 63)
- Standalone PAT Q2 F27: Rs 8,787 cr, up 10% YoY from Rs 7,970 cr (Page 63)
- Auto segment Q2 F27 revenue: Rs 37,756 cr, up 39% YoY from Rs 27,171 cr; PAT Rs 2,388 cr, up 55% YoY from Rs 1,536 cr (Page 50)
- Farm segment Q2 F27 revenue: Rs 9,572 cr, down 6% YoY from Rs 10,225 cr; PAT Rs 1,053 cr, down 9% YoY from Rs 1,163 cr (Page 28)
- SUV volumes Q2 F27 approx. 183.4k units (Page 34) with 24.3% revenue market share
2 more points from Mahindra & Mahindra Ltd's call on revenue
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What happened to Mahindra & Mahindra's margins in Q2 FY27?
See what Mahindra & Mahindra Ltd said on profitability & margins — free account, 30 seconds.
What capex is Mahindra & Mahindra planning?
- Auto Capacity Expansion (F27-F31):
- F27 H1 exit: 68k operational capacity; 60k completed + 8k operational
- F27 H2 exit: 82k operational (including 14k for new launches in F28)
- Scale-up through debottlenecking, new product capacity
- NU_IQ plant in Chakan: additional 10k p.m. (target 92k by F28 exit)
- Greenfield plant in Nagpur for F29 onwards:
- ~20k p.m. operational by H1F30 exit
- Additional 20k p.m. by H1F31 exit
- Overall 2x capacity growth planned from F26 exit to F31 exit
- Trucks & Buses:
- HCV capacity fully utilized; capacity expansion planned (no amount/timeline)
- Aerospace:
- Lifespaces:
2 more points from Mahindra & Mahindra Ltd's call on capex
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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.
Is Mahindra & Mahindra raising money or cutting debt?
See what Mahindra & Mahindra Ltd said on fundraising & capital structure — free account, 30 seconds.
How big is Mahindra & Mahindra's order book?
Mahindra & Mahindra Ltd — Quarterly revenue & net profit
Q2 FY27 figures are not in this chart yet. Latest shown: Mar 2026 (Q4 FY26). The Q2 FY27 numbers from the filing are in the analysis on this page.
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹55.0K Cr, net profit ₹5.3K Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
Full financials →Continue your research
What M & M's management said in earlier quarters
- Q1 FY27 earnings call analysis →
- Q4 FY26 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q4 FY25 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 →
Others in Automobiles this season
- Mercury EV-Tech (Q2 FY27)
Revenue from operations for quarter ended September 30, 2026:** ₹3,009.39 lakhs . Key results statement takeaways from Mercury EV-Tech Ltd's Q2 FY27 results sta
- Force Motors (Q2 FY27)
Quarterly Revenue from Operations:** ₹2,924.66 crore for Q2 FY 2026-27 (Sept 30, 2026) . Key results statement takeaways from Force Motors Ltd's Q2 FY27 results
- Hero Motocorp (Q2 FY27)
Q2 FY27 Revenue from Operations: ₹14,687 Cr, up 21% YoY from ₹12,126 Cr in Q2 FY26 (Page 5) . Key investor presentation takeaways from Hero MotoCorp Ltd's Q2 FY
- Hyundai Motor I (Q2 FY27)
Q2 FY27 Revenue: ₹206,961 Mn, YoY increase of 9.3% (Page 16) . Key investor presentation takeaways from Hyundai Motor India Ltd's Q2 FY27 investor presentation
Potential multibaggers · Q2 FY27
Potential multibaggers in Automobiles
on management's own guidance
- Strong growth2
- Strong growth1
- 3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Mahindra & Mahindra Ltd Q2 FY27 results?
Consolidated M&M Q2 F27 revenue: Rs 57,553 cr, up 25% YoY from Rs 46,106 cr (Page 61, 4, Page 4). EBITDA (PBIT) for Auto Consolidated Q2 F27: Rs 3,319 cr (up from Rs 2,538 cr in Q2 F26), margin 8.8% vs 9.3% YoY (Page 49).
What is Mahindra & Mahindra Ltd share price analysis?
Mahindra & Mahindra Ltd currently shows a neutral. The stock trades at a P/E of 19.2 with a market cap of ₹368,321 Cr. Investors should review the full earnings analysis for detailed insights.
Is Mahindra & Mahindra Ltd planning capital expenditure?
Auto Capacity Expansion (F27-F31):.
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This analysis is AI-generated based on publicly available earnings data and the company's investor presentation. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.