M&M profit beats Street, rises 18% to ₹4,521 crore

STRONG TRACTOR AND LIGHT TRUCK VOLUMES DRIVE GROWTH

- SWARAJ BAGGONKAR

MAHINDRA & MAHINDRA (M&M) posted a nearly 18% year-on-year rise in standalone net profit in the second quarter of FY26, helped by a strong growth in tractor and light truck volumes even as its mainstay, sport utility vehicles (SUVs), saw a relatively slower growth.

The Mumbai-based company recorded a net profit of ₹4,521 crore, beating the Bloomberg estimate of ₹3,979 crore. Its revenue from operations grew over 21% to ₹33,422, atad below the Street estimate of ₹33,887 crore.

The company saw its tractor volumes surge 32% to 122,936 units and the SUV segment rise 7% to 146,000 units. Its light commercial vehicle segment grew 13% to 70,000 units.