Mahindra & Mahindra Approves Financial Year Results and Recommends Final Dividend of Rs. 33
Mahindra & Mahindra Limited announced the outcomes of its Board Meeting held on May 5, 2026. The Board approved the audited standalone and consolidated financial results for the fourth quarter and the full financial year ended March 31, 2026, and recommended a final dividend.The Board recommended a final dividend of Rs. 33 (660%) per Ordinary (Equity) Share for the financial year ended March 31, 2026. This compares to the Rs. 25.3 (506%) per Ordinary (Equity) Share declared for the previous financial year ended March 31, 2025.
Financial Highlights for FY 2026
The consolidated financial results show substantial growth across major operational segments. For the year ended March 31, 2026, the Group reported a Total income of Rs. 2,02,084.34 Crores, up from Rs. 1,61,391.87 Crores in the previous year.The annual profit after tax attributable to the owners of the company stood at Rs. 17,098.85 Crores, compared to Rs. 12,929.10 Crores in the previous fiscal year.
The audited consolidated and standalone annual financial results for the period ended March 31, 2026, and March 31, 2025, are detailed below:
Profit After Tax Attributable to Owners of the Company (Rs. in Crores)
| Year Ended 31 March | 2026 | 2025 |
|---|---|---|
| Consolidated | 17,098.85 | 12,929.10 |
| Standalone | 15,638.93 | 11,854.96 |
Segment Performance Analysis
The Group maintained strong segment-wise performance. The Annual Revenue from Operations for the period ending March 31, 2026, reached Rs. 1,97,792.78 Crores, up from Rs. 1,58,749.75 Crores in the previous year.The segment performance breakdown demonstrates contribution from key areas:
Consolidated Segment Revenue and Profitability (Rs. in Crores)
| Segment | Year Ended 31 March 2026 | Year Ended 31 March 2025 |
|---|---|---|
| Automotive | 1,17,834.13 | 90,824.58 |
| Farm Equipment | 42,568.39 | 35,375.30 |
| Financial Services | 20,949.32 | 18,295.83 |
| Industrial Businesses and Consumer Services | 22,748.93 | 18,971.43 |
| Total Segment Revenue | 2,04,100.77 | 1,63,467.14 |
Segment results after exceptional items and share of profit of associates and joint ventures remained robust:
| Segment | Year Ended 31 March 2026 | Year Ended 31 March 2025 |
|---|---|---|
| Automotive | 10,478.54 | 7,930.96 |
| Farm Equipment | 5,505.59 | 4,933.56 |
| Services (Total) | 7,206.27 | 6,114.34* |
| Total Segment Results | 21,418.63 | 16,926.17 |
*Note: Total Services segment profit is derived from Financial Services and Industrial Businesses and Consumer Services combined.
Corporate Governance and Operational Updates
Annual General Meeting (AGM)The 80th Annual General Meeting (AGM) is scheduled for Thursday, July 30, 2026, at 3:00 p.m. Indian Standard Time. The register of members and share transfer books will remain closed for the payment of Dividend and AGM from Saturday, July 4, 2026, to Thursday, July 30, 2026.
Dividend Record Date
The Record Date for the Final Dividend is set as Friday, July 3, 2026.
Change in Group Chief Internal Auditor
The Board of Directors approved a change in the Group Chief Internal Auditor, effective from July 1, 2026. Mr. K N Vaidyanathan's tenure concluded on June 30, 2026. Mr. Vimal Agarwal has been appointed as the Group Chief Internal Auditor and part of the Senior Management, effective from July 1, 2026.
Debt and Borrowings Details
The company reported the following details regarding long-term borrowings for FY 2025-26:
| Metric | Amount (Rs. in Crores) |
|---|---|
| Outstanding Long-term Borrowings at the start of the year (April 1, 2025) | 1,135.05 |
| Outstanding Long-term Borrowings at the end of the year (March 31, 2026) | 1,056.09 |
| Incremental Borrowings done during the year (FY 2025 - 26) | Nil |
Key Financial Ratios
The Group's financial ratios show stabilization and slight improvement in key areas:Debt-Equity and Liquidity Ratios (Rs. in Crores)
| Metric | Quarter Ended 31 March 2026 | Quarter Ended 31 December 2025 | Quarter Ended 31 March 2025 |
|---|---|---|---|
| Debt-Equity Ratio (excluding Financial Services) | 0.04 | 0.05 | 0.07 |
| Current Ratio (times) | 1.27 | 1.35 | 1.40 |
| Total Debts to Total Assets (times) | 0.41 | 0.41 | 0.44 |
| Inventory Turnover (times) | 5.86 | 4.95 | 5.32 |
The audit reports confirmed that the statutory auditors issued the audited reports with an unmodified opinion on both the Standalone and Consolidated Financial Results for the financial year ended March 31, 2026.
M&M Stock Price Movement
Shares of Mahindra & Mahindra Limited are edging higher to ₹3135 as of 1:08 PM today, gaining 0.92% in live trading. The stock is seeing robust interest, trading amidst a significant volume of 2.53 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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