Mumbai, February 11, 2026: Mahindra & Mahindra Limited (NSE: M&M, BSE: 500520) reported a sharp 54 percent year-on-year rise in consolidated profit after tax for the third quarter ended December 31, 2025, at Rs 4,675 crore, driven by strong operating momentum across Auto, Farm and Services businesses.
Consolidated revenue for Q3 FY26 rose 26 percent YoY to Rs 52,100 crore, while annualised return on equity stood at 20.1 percent.
Consolidated Financial PerformanceRs croreQ3 FY26Q3 FY25YoY GrowthRevenue52,10041,47026%PAT4,6753,18147%*PAT growth stands at 54 percent excluding the impact of change in labour code regulation in Q3 FY26.
PAT margin improved to 9.0 percent in Q3 FY26 compared with 7.7 percent in Q3 FY25.
For the...