Mahindra Mahindra Q3 FY26 results:Profit jumps 47% to ₹4,675 crore; revenue up 26%, share price surge 20% in a year

Mahindra Mahindra reported a strong performance in the third quarter of FY26, with consolidated net profit rising 47% year-on-year (YoY) to ₹4,675 crore. In the same quarter last year (Q3 FY25), the company had posted a profit of ₹3,181 crore. The company announced its October–December quarter results on February 11. Following the announcement, Mahindra Mahindra shares were trading at ₹3,681, up 0.16%. The stock has gained nearly 20% over the past year, taking the company’s market capitalization to ₹4.41 lakh crore. Revenue rises 26% in Q3 FY26 Revenue from operations increased 26% YoY to ₹52,100 crore in Q3 FY26, compared with ₹41,470 crore in the corresponding quarter last year. Total income for the quarter also grew 26% to ₹52,958 crore, up from ₹41,881 crore in Q3 FY25. On a quarter-on-quarter basis, total income rose 13%. Vehicle sales increased 23% YoY to 3.02 lakh units during the quarter. Five key drivers behind the earnings growth 1. Strong SUV Demand: Popular models such as Thar, Scorpio-N, and XUV700 drove growth. Mahindra’s SUV market share rose to 24.1%, while auto segment profits surged 42%. 2. Services Business Growth: The services segment (finance, IT, logistics, etc.) delivered its best performance, with profits doubling to ₹1,637 crore. 3. Leadership in Tractor Market: Tractor sales jumped 23% during the farming season. Mahindra retained its number-one position by selling 1.5 lakh tractors, boosting farm equipment revenue by 21%. 4. Recovery in Mahindra Finance and Tech Mahindra: Mahindra Finance posted a 97% jump in profit with improved asset quality, while Tech Mahindra’s margins expanded by 2.9%. 5. Turnaround in Logistics and Real Estate: Mahindra Logistics returned to profitability after 11 loss-making quarters, and Mahindra Lifespaces recorded a five-fold increase in profits. About consolidated results Company financials are reported in two formats—standalone and consolidated. Standalone results reflect the performance of the parent company, while consolidated results include the financial performance of all subsidiaries and group entities.