M&M Q2 FY27 Results: Profit Jumps 25% To Rs 4,588 Crore On Strong Auto Business

Mahindra and Mahindra FY27 Q2 Results (File Photo)

Mahindra & Mahindra (M&M) reported a 25 per cent year-on-year increase in consolidated profit after tax (PAT) to Rs 4,588 crore in the July-September quarter of FY27, as robust performance in its automobile division and improving profitability across group businesses supported earnings growth. The automaker's consolidated revenue from operations also registered a strong rise, climbing 25 per cent to Rs 57,553 crore in the second quarter, compared with Rs 46,106 crore in the corresponding quarter of the previous financial year. The company had reported a consolidated PAT of Rs 3,673 crore in Q2 FY26.

The automobile division remained the biggest contributor to the group's performance, benefiting from higher vehicle sales and sustained demand for utility vehicles. Meanwhile, the financial services and technology businesses also recorded improvements in profitability, helping offset weakness in the farm equipment segment.

M&M's automobile division delivered a strong performance during the quarter, with consolidated PAT rising 55 per cent year-on-year to Rs 2,388 crore. Revenue from the business increased 39 per cent to Rs 37,756 crore.

The company sold 3,30,896 vehicles during the quarter, including volumes contributed by its subsidiaries, marking a 26 per cent increase from the…

Original source: https://www.timesnownews.com/business-economy