Mahindra & Mahindra reports 35% profit growth in FY2026

Mahindra and Mahindra reported a consolidated profit after tax of Rs 17,099 crore for the financial year ending March 31, 2026. This marks a 35 percent increase over the previous year. The company's consolidated revenue for the period reached Rs 198,639 crore, reflecting a 25 percent rise year-on-year. Following the strong financial results, the board recommended a dividend of Rs 33.0 per share, which is 30 percent higher than the previous fiscal.

Key Highlights

• Mahindra and Mahindra reported Rs 17,099 crore profit after tax for FY2026
• SUV market share increased to 25.3 percent with 260 basis points growth
• Board recommended Rs 33 per share dividend a 30 percent increase over previous fiscal
• Tech Mahindra EBIT margin rose to 12.6 percent up by 290 basis points
• Financial Services assets under management grew 12 percent profit after tax up 28 percent

Market Share and Segment Performance

The company strengthened its position in key market segments throughout the year. In the SUV segment, Mahindra and Mahindra achieved a revenue market share of 25.3 percent, an increase of 260 basis points. The company also led the light commercial vehicle segment for vehicles under 3.5 tonnes, holding a 52.3 percent share. In the tractor market, Mahindra and Mahindra maintained leadership with a 43.6 percent share. The electric three-wheeler business posted a 40 percent market share.

During the final quarter of the year, the company reported a consolidated profit after tax of Rs 4,668 crore. This represents a 42 percent increase compared to the same quarter the previous year. The group concluded the fiscal year with a return on equity of 20.1 percent and earnings per share of Rs 152.2.

Subsidiary and Portfolio Performance

Across its wider portfolio, Tech Mahindra recorded an EBIT margin of 12.6 percent, up by 290 basis points. Mahindra and Mahindra Financial Services saw its assets under management rise by 12 percent, while its profit after tax increased by 28 percent. The company's "growth gems," which include real estate, logistics, and Accelo businesses, reported a combined profit growth of 50 percent for the year.

Mahindra and Mahindra continued to benefit from sustained freight movement, infrastructure-led activity, and replacement demand. These factors supported growth during the month and contributed to the company's overall performance.

Also Read: Mahindra Unveils Thar Roxx-Based ATV for Military and Defence Use

CarBike 360 Says

​Mahindra & Mahindra’s impressive 35% profit growth in FY2026 highlights its strong product strategy and growing dominance in the SUV space. With consistent demand, expanding portfolios, and a clear focus on innovation, the company appears well-positioned for sustained momentum. Going forward, market dynamics and upcoming launches will play a key role in shaping its continued success.