Mahindra & Mahindra Ltd (M&M) Financials - Quarterly Results, Profit & Loss, Balance Sheet, Cash Flow Mahindra & Mahindra Ltd reported sales of ₹58,188 Cr, operating profit of ₹10,827 Cr (OPM 19%) and net profit of ₹5,998 Cr for the quarter ended Jun 2026. Figures in ₹ crore, consolidated where available.
M&M quarterly results (₹ Cr) Metric Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sales 37,924 41,470 42,599 45,529 46,106 52,100 54,982 58,188 Expenses 30,790 33,239 34,658 37,117 37,166 41,939 44,855 47,360 Operating Profit 7,133 8,231 7,942 8,412 8,940 10,160 10,127 10,827 OPM 19% 20% 19% 18% 19% 20% 18% 19% Other Income 1,126 719 1,110 1,210 1,134 976 1,137 1,121 Interest 2,217 2,362 2,397 2,431 2,347 2,405 2,407 2,560 Depreciation 1,302 1,495 2,029 1,548 1,669 2,163 1,943 1,760 Profit before tax 4,740 5,092 4,627 5,644 6,058 6,569 6,914 7,628 Tax 29% 29% 23% 22% 35% 24% 24% 21% Net Profit 3,361 3,624 3,542 4,377 3,964 5,021 5,260 5,998 EPS in Rs 25.5 25.58 26.5 32.84 29.54 37.59 37.53 43.86
M&M profit & loss, annual (₹ Cr) Metric Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM Sales 90,171 1,21,362 1,39,078 1,59,211 1,98,639 2,11,375 Expenses 75,488 1,01,037 1,14,186 1,28,693 1,61,659 1,71,321 Operating Profit 14,683 20,325 24,892 30,518 36,980 40,054 OPM 16% 17% 18% 19% 19% 19% Other Income 3,204 3,922 3,298 3,718 5,118 4,369 Interest 5,018 5,830 7,488 9,083 9,591 9,720 Depreciation 3,508 4,357 4,724 6,074 7,322 7,535 Profit before tax 9,362 14,060 15,978 19,080 25,185 27,169 Tax 23% 19% 23% 26% 26% - Net Profit 7,253 11,374 12,270 14,073 18,622 20,243 EPS in Rs 52.91 82.68 90.62 103.97 137.5 148.52 Dividend Payout 20% 18% 21% 22% 22% -
M&M balance sheet (₹ Cr) Metric Mar 2023 Mar 2024 Mar 2025 Sep 2025 Mar 2026 Equity Capital 557 557 558 - 559 Reserves 55,809 65,633 76,481 - 92,538 Borrowings 92,647 1,08,647 1,29,025 - 1,36,936 Other Liabilities 55,270 59,884 69,950 - 86,021 Total Liabilities 2,04,283 2,34,722 2,76,013 - 3,16,054 Fixed Assets 27,140 28,129 34,636 - 38,459 CWIP 3,969 8,039 8,298 - 7,740 Investments 35,272 35,208 41,309 - 40,324 Other Assets 1,37,902 1,63,345 1,91,771 - 2,29,531 Total Assets 2,04,283 2,34,722 2,76,013 - 3,16,054
M&M cash flows (₹ Cr) Metric Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 Cash from Operating Activity 9,248 -7,074 -5,630 3,176 11,657 Cash from Investing Activity -3,252 -8,866 -5,615 -18,616 -17,680 Cash from Financing Activity -5,883 15,946 12,281 15,834 5,391 Net Cash Flow 113 6 1,037 394 -632 Free Cash Flow 3,328 -13,241 -15,303 -6,633 2,545 CFO/OP 74% -21% -7% 26% 48%
M&M ratios Metric Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 Debtor Days 26 21 20 19 17 Inventory Days 82 83 81 78 65 Days Payable 134 118 112 118 112 Cash Conversion Cycle -27 -13 -11 -21 -30 Working Capital Days -13 -14 -8 -14 -40 ROCE 11% 13% 14% 14% 15%