News ArticleMahindra & Mahindra Posts Rs. 11,164 Crore Profit After Tax in H1 2026 with Rs. 1.18 Lakh Crore Total Income
Company announces executive role change effective April 2027 alongside release of Q2 and H1 2026 unaudited results
Mahindra & Mahindra Limited announced unaudited consolidated financial results for the quarter and half year ended September 30, 2026, recording a profit after tax of Rs. 11,164.33 crore for the half year. Total income for the period was Rs. 1,17,943.75 crore, with segment revenues led by Automotive at Rs. 72,143.60 crore. The company also disclosed a senior management transition effective April 1, 2027.
Mahindra & Mahindra Limited
Corporate Action
Mahindra & Mahindra Limited reported a consolidated profit after tax of Rs. 11,164.33 crore for the half year ended September 30, 2026, supported by total income of Rs. 1,17,943.75 crore across all segments, led by the Automotive business.
The Board approved unaudited standalone and consolidated financial results for Q2 and half year ended September 30, 2026, showing a strong earnings performance with profit before tax reaching Rs. 14,992.79 crore for the half year.
Segment revenue was driven by the Automotive division, generating Rs. 72,143.60 crore, followed by Farm Equipment at Rs. 22,072.35 crore, and Services including Financial Services and Industrial Businesses at Rs. 24,719.33 crore combined for the half year.
Expenses for the half year totaled Rs. 1,03,788.48 crore, incorporating costs of materials, employee benefits, finance charges, and depreciation.
An executive transition was announced: Ms. Shuchi Suri will change roles to Chief Sales & Marketing Officer of Automotive Business starting April 1, 2027, ceasing to be a senior management personnel thereafter.
Highlights
- Profit after tax for half year ended Sept 30, 2026: Rs. 11,164.33 crore
- Total income for half year: Rs. 1,17,943.75 crore
- Automotive segment revenue for half year: Rs. 72,143.60 crore
- Profit before tax for half year: Rs. 14,992.79 crore
- Ms. Shuchi Suri to become Chief Sales & Marketing Officer effective April 1, 2027
Key Data Snapshot
What happened
- Mahindra & Mahindra Limited approved unaudited standalone and consolidated financial results for Q2 and half year ending September 30, 2026.
- The company recorded a profit after tax of Rs. 11,164.33 crore for the half year and a total income of Rs. 1,17,943.75 crore.
- Ms. Shuchi Suri will transition to Chief Sales & Marketing Officer of Automotive Business effective April 1, 2027, leaving senior management personnel status.
Key details
- Automotive segment revenue for the half year stood at Rs. 72,143.60 crore, the largest contributor to total segment revenues.
- Farm Equipment and Services segments reported revenues of Rs. 22,072.35 crore and Rs. 24,719.33 crore respectively for the half year.
- Total expenses for the half year were Rs. 1,03,788.48 crore covering material costs, employee benefits, depreciation, finance costs, and other expenses.
Financial performance
- Profit before tax was Rs. 14,992.79 crore for the half year period.
- Earnings per share (basic, not annualised) were Rs. 89.84 for the half year ended September 30, 2026.
- The consolidated statement reflects strong income growth compared to the prior year half year period ending September 30, 2025.
Regulatory and governance context
- Financial results were reviewed and approved by the Board on November 5, 2026.
- Filing complies with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- Details of executive transition comply with relevant SEBI disclosure requirements.
Highlights
- Profit after tax for half year ended Sept 30, 2026: Rs. 11,164.33 crore
- Total income for half year: Rs. 1,17,943.75 crore
- Automotive segment revenue for half year: Rs. 72,143.60 crore
- Profit before tax for half year: Rs. 14,992.79 crore
- Ms. Shuchi Suri to become Chief Sales & Marketing Officer effective April 1, 2027
Disclosures
- SEBI LODR Regulations 2015 - Regulations 30, 33, 51, 52
- SEBI Master Circular HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated 30th January 2026
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