On a day when the market was searching for decisive cues, Mahindra & Mahindra (M&M) stepped in with numbers that instantly drew attention. The company delivered a sharp earnings jump for the September quarter, and the impact was felt across discussions in stock market today.
The M&M Q2 results showed a business firing on multiple cylinders, with SUVs, tractors, and revenue growth all moving in the same direction—up.
The auto major’s quarterly update arrived at a time when investors were closely watching performance across mobility and farm segments. With Mahindra & Mahindra earnings update showing a clean rise in profit and demand traction across categories, the company once again became a key highlight in market conversations.
The sentiment around M&M sales maintained its steady tone, especially as the quarter captured festive demand, stable pricing, and strong order flow.
Main News: M&M Q2 Results Show Strong Growth Across Segments
M&M reported a notable rise in profitability, driven by higher SUV volumes and a solid push in its farm equipment business.
Key Financial Highlights (Q2 FY26)
- Net Profit: ₹4,521 crore (up 18% YoY)
- Revenue: ₹35,080 crore (up 21% YoY)
- EBITDA: ₹6,467 crore (up 23% YoY)
- EBITDA Margin: 18.43% (vs 18.22% YoY)
The company’s revenue growth of 21% reflected the strength of its product mix and the consistent scaling of its auto and farm operations. The rise in EBITDA and margins also captured improved operating efficiency.
Company Details: M&M Sales Drive Performance in Q2
A major part of the M&M growth story this quarter came from robust sales across both automotive and tractor divisions.
Vehicle & Tractor Sales Snapshot
- Total vehicles sold: 2,61,703 units (up 13% YoY)
- SUV sales: 1,45,503 units (up 7% YoY)
- Tractor sales: 1,22,936 units (up 32% YoY)
The SUV business saw healthy traction across models in its internal combustion engine lineup. M&M’s portfolio, spanning Bolero to the XUV series, continued to hold strong amidst rising competition.
The SUV segment also benefited from GST restructuring in September 2025, which brought down ex-showroom prices by ₹1.56 lakh, while festive offers added another ₹1.29 lakh in consumer benefits.
Tractors saw one of their strongest quarters in recent times. A combination of festive buying and a favourable monsoon helped lift volumes sharply by 32% YoY, pushing the farm segment to new highs.
Summary: M&M Q2 Results Highlight Broad-Based Growth
The Mahindra & Mahindra earnings update for Q2 FY26 reflected a steady and balanced performance across business lines.
With net profit rising 18% to ₹4,521 crore and revenue growing 21% to ₹35,080 crore, the quarter captured strong consumer demand across SUVs and tractors.
What Stood Out in Q2
- Higher SUV and tractor sales
- Net profit at ₹4,521 crore
- Revenue touching ₹35,080 crore
- EBITDA up 23% to ₹6,467 crore
- Margins inching up to 18.43%
- Strong uplift from festive demand and GST restructuring
The quarter reinforced M&M’s position across the auto and farm categories, making the update one of the more notable highlights in
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