Mahindra & Mahindra Q3 Results: Profit jumps 33% to ₹3,931 cr

Mahindra & Mahindra Q3 Results: Profit jumps 33% to ₹3,931 cr


Rajesh Jejurikar, Executive Director and CEO, Auto & Farm Sectors, M&M Ltd.
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Mahindra & Mahindra Limited reported a 33 per cent increase in standalone profit after tax to ₹3,931 crore for the third quarter ended December 31, 2025, compared to ₹2,964 crore in the same period last year. The company’s board approved the unaudited financial results at a meeting held on February 11, 2026.

Standalone revenue from operations grew 26 per cent year-on-year to ₹38,942 crore in Q3, up from ₹30,964 crore. For the nine months ended December 2025, standalone PAT reached ₹11,902 crore on revenue of ₹1,08,164 crore.

The automotive division posted strong performance, with revenue of ₹28,361 crore and PBIT of ₹2,684 crore, resulting in a 9.5 per cent margin. The company sold 3,02,238 vehicles during the quarter, a 23 per cent increase from the previous year. The farm equipment segment generated revenue of ₹10,200 crore, PBIT of ₹2,061 crore, and a margin of 20.2 per cent. Tractor sales stood at 1,49,567 units, up 23 per cent year-on-year.

Rajesh Jejurikar, Executive Director and CEO of Auto and Farm Sector, said the businesses delivered strong performance in Q3 FY26, achieving a 90 basis points year-on-year increase in SUV revenue share and a 10 basis points increase in LCV market share below 3.5 tonnes. The company also gained 20 basis points of tractor market share year to date.

The results include an exceptional charge of ₹98.19 crore related to new labour code regulations notified by the Indian government in November 2025, which consolidated 29 existing labour laws.

On a consolidated basis, the company reported PAT of ₹4,675 crore, up 54 per cent excluding the impact of the labour code, on revenue of ₹52,100 crore. Group CEO Dr Anish Shah highlighted solid operating performance across the group, with breakout results from Mahindra Logistics and Mahindra Lifespaces.

The shares of Mahindra & Mahindra Limited were trading on the NSE today at ₹3,678.60, up by ₹2.80 or 0.08 per cent at 1.08 pm.

Published on February 11, 2026



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8वें वेतन आयोग पर सरकार ने राज्यसभा में दिया अपडेट; केंद्रीय कर्मचारियों के लिए काम की खबर, जा

8वें वेतन आयोग पर सरकार ने राज्यसभा में दिया अपडेट; केंद्रीय कर्मचारियों के लिए काम की खबर, जा


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8th Pay Commission Latest Update: 8वें वेतन आयोग को लेकर केंद्रीय कर्मचारी और पेंशनभोगी बेसब्री से इंतजार कर रहे हैं. वहीं, अब केंद्र सरकार के कर्मचारियों के लिए 8वें वेतन आयोग को लेकर एक अहम अपडेट सामने आया है. राज्यसभा में पूछे गए सवाल के जवाब में सरकार ने बताया कि आयोग का औपचारिक गठन पहले ही किया जा चुका है. इसकी अधिसूचना 3 नवंबर 2025 को जारी की गई थी.

वित्त मंत्रालय ने मंगलवार को लिखित जवाब में यह भी स्पष्ट किया कि आयोग तय समयसीमा के भीतर अपनी सिफारिशें देगा. राज्यसभा सांसदों ने सरकार से पूछा था कि 8वां वेतन आयोग किन मुद्दों की समीक्षा करेगा और उसकी सिफारिशें कब तक लागू की जाएंगी. इस पर सरकार की ओर से जवाब दिया गया हैं….

सरकार ने दी जानकारी

केंद्रीय वित्त राज्य मंत्री पंकज चौधरी ने राज्यसभा में जानकारी दी कि, सरकार 8वां वेतन आयोग के तहत कर्मचारियों और पेंशनधारियों के वेतन, भत्ते, पेंशन की शर्तों की समीक्षा करेगा. उन्होंने आगे बताया कि, आयोग तय समय सीमा के अनुसार अपनी सिफारिशें पेश करेगा.

बताते चले कि, आयोग को अपनी रिपोर्ट देने के लिए 18 महीने का समय दिया गया है. जिससे साफ पता चलता है कि आयोग साल 2027 में सरकार को अपनी रिपोर्ट सौंपेगी. सिफारिशें आने के बाद ही सरकारी की ओर से आगे की कार्यवाही की जाएगी. यानी कि, केंद्रीय कर्मचारियों को आठवें वेतन आयोग के लिए अभी लंबा इंतजार करना पड़ सकता हैं.

वेतन आयोग से बढ़ने वाले खर्च पर अभी तस्वीर साफ नहीं

सांसदों ने 8वें वेतन आयोग से जुड़ा एक अहम सवाल यह भी उठाया कि इसकी सिफारिशें लागू होने पर सरकार के बजट पर कितना अतिरिक्त भार पड़ेगा. इस पर सरकार ने साफ किया कि फिलहाल इस खर्च का सही अनुमान लगाना संभव नहीं है.

सरकार के मुताबिक, जब तक आयोग अपनी रिपोर्ट पेश नहीं कर देता और उसे मंजूरी नहीं मिल जाती, तब तक वास्तविक वित्तीय असर का आकलन नहीं किया जा सकता. यानी बजट से जुड़ी पूरी योजना आयोग की अंतिम रिपोर्ट आने के बाद ही तैयार की जा सकेगी. 

कर्मचारी संगठनों का 12 फरवरी 2026 को हड़ताल

कन्फेडरेशन ऑफ सेंट्रल गवर्नमेंट एम्प्लॉइज एंड वर्कर्स (CCGEW) ने 12 फरवरी 2026 को देशभर में एक दिन की हड़ताल करने की घोषणा की है. संगठनों की प्रमुख मांगों में 20 फीसदी अंतरिम राहत, 50 फीसदी महंगाई भत्ते को मूल वेतन में जोड़ना और एनपीएस को खत्म कर पुरानी पेंशन योजना (OPS) लागू करना शामिल है. इन मांगों को लेकर कर्मचारी संगठन कल सड़क पर उतरेंगे.

यह भी पढ़ें: इस SME IPO को मिला निवेशकों का भरोसा; सब्सक्रिप्शन 22 गुना पार, जानें GMP समेत अन्य डिटेल्स



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MSCI to add Aditya Birla Capital, L&T Finance to flagship global index and drop IRCTC

MSCI to add Aditya Birla Capital, L&T Finance to flagship global index and drop IRCTC


Following the ‌rejig, the number of Indian companies in ‌the MSCI ⁠Global Standard Index will rise to ⁠165 from 164.
| Photo Credit:
THOMAS WHITE

Global index provider MSCI added financial services firms Aditya Birla Capital ​and L&T Finance to its widely tracked Global Standard Index, while ‌removing state-run Indian Railway Catering and ​Tourism Corporation (IRCTC) in a periodic reshuffle.

The changes, ⁠disclosed on Wednesday, will take effect on February 27.

MSCI indexes serve as globally recognised benchmarks tracked by large passive ‌funds, implying that inclusions typically attract fresh capital inflows, while removals usually entail outflows.

Following the ‌rejig, the number of Indian companies in ‌the MSCI ⁠Global Standard Index will rise to ⁠165 from 164. However, India’s overall weight in the index will remain steady at 14.1 per cent, according to Abhilash Pagaria, head ​of Nuvama Alternative and Quantitative ‌Research.

Nuvama estimates that Aditya Birla Capital and L&T Finance could see passive inflows of approximately $257 million and $238 million, respectively. In contrast, IRCTC is expected ‌to face outflows of about $141.6 million.

AU Small ​Finance Bank, a retail-focused lender, is likely to receive around $172 million in inflows due ⁠to an increase in its index weight, according to Nuvama.

MSCI also made significant changes to its ‌Small Cap Index, reducing the number of Indian constituents to 480 from 508. India’s small-cap index has declined 7 per cent since the start of 2025, underperforming broader benchmarks.

The reshuffle comes amid continued pressure on India’s small-cap stocks, where concerns over stretched valuations ‌and earnings sustainability have weighed on sentiment.

While L&T Finance graduated ​from the Small Cap Index to the Global Standard Index, 34 companies including Dilip ⁠Buildcon , Zaggle Prepaid, Sterlite Technologies , and KNR Constructions ⁠were removed.

On the other hand, seven Indian firms, including renewable energy player Premier Energies, ‌depository services provider National Securities Depository, pharmaceutical company Emcure Pharma and cement manufacturer JSW Cement were added ​to the Small Cap Index.

Published on February 11, 2026



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US plans to offer Bangladesh defence alternatives to counter China influence

US plans to offer Bangladesh defence alternatives to counter China influence


US President Donald Trump’s administration is ‌concerned ⁠about growing Chinese influence in South Asia, says Washington’s ambassador to Bangladesh.
| Photo Credit:
Dado Ruvic

The United States is concerned about ‌China’s expanding presence in South Asia and is planning to offer Bangladesh’s next government ​US and allied defence systems as alternatives to Chinese hardware, Washington’s ambassador to Dhaka told ⁠Reuters.

Bangladesh votes in a general election on Thursday after a Gen Z-led uprising toppled India-allied premier Sheikh Hasina in August 2024. She has since taken refuge in New Delhi, allowing China to deepen its influence in Bangladesh as ‌India’s presence wanes. China recently signed a defence agreement with Bangladesh to build a drone factory near the India border, worrying foreign diplomats. Bangladesh is also in talks with Pakistan to ‌buy JF-17 Thunder fighter jets, a multi-role combat aircraft jointly developed with China.

“The United States is ‌concerned ⁠about growing Chinese influence in South Asia and is committed to working closely with the ⁠Bangladeshi government to clearly communicate the risks of certain types of engagement with China,” US Ambassador Brent T Christensen said in an interview on Tuesday.

“The US offers a range of options to help Bangladesh meet its military capability needs, including US ​systems and those from allied partners, to provide ‌alternatives to Chinese systems,” he said without offering further details.

The Chinese foreign ministry did not immediately respond to a request for comment.

Christensen also said that President Donald Trump’s administration would “like to see a good relationship between Bangladesh and India to support stability in the region”. New Delhi-Dhaka relations have nosedived ‌since Hasina fled, badly affecting visa services and cricket ties between the two neighbours.

Commercial diplomacy is priority

Christensen said many US businesses were looking at potentially investing in Bangladesh but would want the next government to show early and clear signs that it is “open ⁠for business”.

“Commercial diplomacy is one of our top priorities, and we look forward to working with the new government to build on progress made with the interim government, particularly in strengthening commercial, economic, and security ties,” ‌he said.

Energy producer Chevron has been in Bangladesh for decades but not many other US companies are visible in the densely populated country of 175 million people, as high taxes and difficulties repatriating profits have created some hurdles.

There are no Starbucks or McDonald’s outlets in Bangladesh.

The envoy said Washington would work with “whichever government is elected by the Bangladeshi people”. The race is between two coalitions led by former allies, the Bangladesh Nationalist Party (BNP) and the Islamist Jamaat-e-Islami, with opinion polls suggesting the BNP holds an advantage.

Aid for Rohingya refugees

Regarding the 1.2 million Rohingya refugees sheltered in Bangladesh, the ambassador said the United States remained the largest contributor ​to humanitarian operations.

“The US remains the largest contributor to the Rohingya refugee response and continues robust health programming in Bangladesh,” he said, noting a recent $2 billion worldwide funding framework ⁠signed with the United Nations to improve the effectiveness of such assistance, including in Bangladesh.

He urged other ⁠international donors to take on a greater share of the burden.

“The US cannot sustain the bulk of the effort alone. International partners need to increase their support for the Rohingya response,” ‌he said. In recent years, the UN refugee agency has been struggling to raise sufficient funds to support the Rohingya community, leading to cuts in their rations and the closure of some schools for ​them.

Published on February 11, 2026



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Crude oil gains on reports of second US aircraft carrier deployment in West Asia

Crude oil gains on reports of second US aircraft carrier deployment in West Asia


Crude oil futures traded higher on Wednesday morning following reports that the US could send a second aircraft carrier to the West Asia region, even as the US and Iran held the first round of talks in Oman last week.

At 9.57 am on Wednesday, April Brent oil futures were at $69.34, up by 0.78 per cent, and March crude oil futures on WTI (West Texas Intermediate) were at $64.53, up by 0.89 per cent. February crude oil futures were trading at ₹5,845 on Multi Commodity Exchange (MCX) during the initial hour of trading on Wednesday against the previous close of ₹5,800, up by 0.78 per cent, and March futures were trading at ₹5,845 against the previous close of ₹5,808, up by 0.64 per cent.

US President Donald Trump told Israeli media that the US would have to do something very tough, if a deal is not reached with Iran.

Market reports quoting Israel’s Channel 12 and Axios said Trump was considering sending a second aircraft carrier to the West Asia region.

Quoting unnamed officials, a Reuters report said that the USS George Washington in Asia and the USS George HW Bush on the US east coast are the most likely candidates, but each is at least a week away from the West Asia region. The Pentagon could also deploy the Ford carrier from the Caribbean, it said.

Meanwhile, Iranian Foreign Ministry spokesman, Esmaeil Baghaei, said Iran felt there was understanding and consensus to continue the diplomatic process after last week’s talks.

The date and venue for the next round of talks between the US and Iran have not yet been announced.

February natural gas futures were trading at ₹283.90 on MCX during the initial hour of trading on Wednesday against the previous close of ₹288.70, down by 1.66 per cent.

On the National Commodities and Derivatives Exchange (NCDEX),April turmeric (farmer polished) contracts were trading at ₹16,190 in the initial hour of trading on Wednesday against the previous close of ₹16,114, up by 0.47 per cent.

March castorseed futures were trading at ₹6,495 on NCDEX in the initial hour of trading on Wednesday against the previous close of ₹6,509, down by 0.22 per cent.

Published on February 11, 2026



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India has already started winding down purchases of Russian energy products: US Trade Representative

India has already started winding down purchases of Russian energy products: US Trade Representative


US Trade Representative Jamieson Greer
| Photo Credit:
PIROSCHKA VAN DE WOUW

India has already started “winding down” its purchases of Russian oil, and New Delhi is “ramping back up” buying energy from America and other sources, United States Trade Representative (USTR) Jamieson Greer said on Tuesday.

In a call between President Donald Trump and Prime Minister Narendra Modi last week, India and the US reached a framework for an Interim Agreement on reciprocal trade and reaffirmed their commitment to broader US-India Bilateral Trade Agreement (BTA) negotiations.

Trump also agreed to remove the punitive 25 per cent tariff on imports from India in “recognition of India’s commitment to stop purchasing” Russian oil.

While responding to a question in an interview with Fox Business, whether India is really going to shift away from buying Russian oil, Greer said: “The short answer is yes. They’ve already started winding down their purchases of Russian energy products. They’ve started ramping back up purchases of American energy and energy from other sources.” 

Greer said the US has talked to India about oil purchases from Venezuela and added that before the 2022 Russian invasion of Ukraine, “the Indians did not really procure Russian oil. It’s really an artefact of the Russia-Ukraine war and the discounted oil they could get.”

He said that India was refining oil from Russia and selling it to Europeans.

“I mean, Europe and India essentially were underwriting Russia’s war in Ukraine,” he added.

He said that India “is really committed. They’ve already started expanding some of their commitments with respect to purchases.”

Greer said that India has taken down some digital services taxes and is moving tariffs down. 

“This is going to be a really important deal, and it’s going to reverberate for many years to come,” he added.

When asked about corporate America’s worries about China and how it is looking for an off-ramp in terms of manufacturing, and whether India can provide that base for supply chains being taken out of China.

Greer said, “They have a lot of folks there. They have manufacturing capacity. Of course, we want to make sure that American manufacturing is first and foremost. The American worker is first, but certainly to the extent we’re going to import from other countries, India can be a good source as long as it’s balanced and it’s fair.” 

Under the agreement, India will eliminate or reduce tariffs on all US industrial goods and a wide range of US food and agricultural products, including dried distillers’ grains, red sorghum, tree nuts, fresh and processed fruit, certain pulses, soybean oil, wine and spirits, and additional products.

Published on February 11, 2026



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