Mahindra Q2 results for the quarter ended 30 September 2026 show the automotive segment result rising to Rs 3,330.89 crore from Rs 2,582.20 crore a year earlier, on revenue of Rs 37,756.35 crore. Consolidated profit after tax was Rs 5,166.77 crore, up from Rs 3,963.75 crore. The figures were reported on 5 November 2026.
How Did Mahindra’s Automotive Business Perform?
Automotive revenue was Rs 37,756.35 crore against Rs 27,170.87 crore a year earlier and Rs 34,387.25 crore in the June quarter. The segment result, before the share of associates and joint ventures, rose by Rs 748.69 crore year on year and Rs 681.22 crore quarter on quarter. The report says automotive delivered the largest year-on-year increase in segment result.
What Happened in Farm Equipment and Other Segments?
Farm equipment revenue fell to Rs 9,571.58 crore from Rs 10,225.01 crore a year earlier, and its segment result fell to Rs 1,375.53 crore from Rs 1,605.27 crore. Financial services revenue rose to Rs 5,905.96 crore and its segment result to Rs 1,166.90 crore from Rs 736.18 crore. Industrial businesses and consumer services revenue was Rs 5,914.82 crore with a segment result of Rs 349.18 crore. The report gives no tractor-specific figures.
What Are the Group Totals?
Consolidated revenue from operations was Rs 57,514.98 crore versus Rs 45,885.40 crore a year earlier, and flat against Rs 57,533.44 crore in the June quarter. Profit before tax was Rs 7,364.70 crore against Rs 6,057.93 crore a year earlier. Profit after tax was down from Rs 5,997.56 crore in the June quarter.
Market Reaction and Industry Response
The source reported no share-price reaction, management commentary or industry-body comment. Mahindra’s record October domestic SUV sales were reported separately by Autocar India on 1 November 2026.
What Happens Next?
Automotive segment assets rose to Rs 61,658.87 crore at 30 September 2026 from Rs 57,322.39 crore in June. Readers should watch whether farm equipment recovers from its year-on-year decline in coming quarters.
Frequently Asked Questions
What was Mahindra’s Q2 FY27 profit after tax?
Consolidated profit after tax was Rs 5,166.77 crore, up from Rs 3,963.75 crore a year earlier.
How did the automotive segment do?
Revenue was Rs 37,756.35 crore and the segment result was Rs 3,330.89 crore, up from Rs 2,582.20 crore.
Did farm equipment grow?
No. Farm equipment revenue fell to Rs 9,571.58 crore from Rs 10,225.01 crore a year earlier.
Source: Multibagg AI Research Desk, 5 November 2026.
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