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
