Consolidated turnover expanded 22% to £ 45,529 Crore, which reflects broad growth from core and group companies.
The company’s car segment continued to win Momentum, with SUV volumes increasing 22% and the market share of sales and an increase of 27.3%, an increase of 5.7 percentage points on an annual basis. It also retained its leadership in the Light Commercial Vehicle (LCV) segment under 3.5 tons.
In the space of the farm equipment, M&M expanded its tractor market share to 45.2% – the highest ever for fifteen minutes – behind a 10% growth in the turnover volume.
“This was a strong quarter for generating cash. Despite the fact that he spends almost RS2.500 crores in two subsidiaries through rights, our cash balance grew quarterly over-Queen,” said Anish Shah, CEO of the group and director of the group in a three-month win call with reporters.
In Q1FY26, the independent entity contributed 74.5% to consolidated net turnover and 84.5% in consolidated net profit, an increase with 2.1 and 4.9 percentage points respectively, underlying a stronger relative performance by the independent activities compared to the total group “our car and farm” our cars and farms. “We have seen considerable market share profits in SUVs and tractors, while we continue to produce strong growth in categories.” He said that the core tractor activities for both domestic and exports, excluding farm machines and power, achieved a PBIT margin of 20%.
In addition to its Verticals core, the subsidiaries of M&M also contributed meaningfully. Mahindra Finance grew his assets under managed by 15%, while Tech Mahindra reported an improvement in operational performance. Mahindra Lifespaces, Club Mahindra and Mahindra Logistics also registered a healthy traction, which strengthens the diversified growth motor of the company.
With sustainable leadership in important product segments, new launches in the pipeline and a focus on operational discipline, M&M remains well positioned to build on at his momentum by the rest of FY26, the company said.
“The rural sentiment is stronger, especially in the tractor industry, while the urban sentiment remains weak. However, the basic principles are solid and with expected tariff reductions and improved liquidity we expect that urban sentiment will recover,” Shah said.
Jejurikar said that M&M is planning new institutions in markets such as Australia and South Africa and has a strong sales optimism for the festive season. “The car Launch Pipeline remains strong, with new variants and models planned for FY26 and FY27,” he said.
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