M&M PAT rises 16% on strong auto, farm showing

Mahindra & Mahindra (M&M) posted a 16 per cent rise in consolidated profit after tax (PAT) for the second quarter of FY26 at %3,673 crore, driven by strong performance in its auto and farm segments.

- SOHINI DAS

Consolidated revenue rose 22 percent year-on-year (Y-0-Y) to% 46,106 crore.

PAT growth is 28 per cent, excluding onetime gains from land sales, the SML Isuzu tax impact, and prior-period production-linked incentive (PLI) benefits, the company said. During the quarter, M&M acquired a 58.96 per cent stake in SML Isuzu from Sumitomo Corporation and Isuzu Motors for 555 crore.

M&M shares were up close to one per cent at the end of the day’s trade on the BSE. The results were in line with Bloomberg analyst estimates — while the revenue was in line, profit beat estimates.