M&M Q3 results: Net profit likely to jump upto 30% YoY driven by strong sales volumes; check key technical levels

Automobile giant Mahindra & Mahindra (M&M) is set to announce its December quarter (Q3FY26) results on Wednesday, February 11, 2026.

According to experts, M&M could report double-digit growth in Q3 revenue and net profit, driven by robust sales volume growth in auto and farm segment. M&M standalone revenue is expected to increase 26-28% YoY to ₹39,320 to ₹30,560 crore, while its net profit could rise by 28-30% YoY to ₹3,790 to ₹3,860 crore,

M&M reported a standalone revenue of ₹30,964 crore in December quarter of FY25 and ₹35,080 crore in the previous quarter. Meanwhile, its net profit stood at ₹2,964 crore in Q3FY25 and ₹4,521 crore in Q2FY26.

Investors will keep an eye on the company’s volume growth, management commentary on demand outlook for tractors and passenger vehicles. Impact of high input cost on profitability and new product timelines will also closely tracked.

Ahead of the Q3 result announcement, M&M shares are trading nearly 2% higher at ₹3,748 at 9:45 am on Wenesday, February 11. So far this year, M&M shares have given flat return to investors.

Technical outlook

The technical structure of M&M remains positive as the stock is trading above its 200-day exponential moving average (EMA) zone near ₹3,400. The stock has reclaimed its 21-day and 50-day EMA, indicating improving momentum.

For the short-term, the immediate resistance for the stock is around ₹3,900. A decisive close above this zone could lead to fresh all-time high. On the downside, the immediate support is at ₹3,500, followed by the strong support ₹3,340.

Options outlook

M&M’s at-the-money (ATM) options for 24 February expiry is at 3700, with both call and put options priced at ₹167. This implies a potential price swing of approximately ±4.5% based on the 10 February closing price.

For further understanding, let’s take a look at the historical price behaviour of M&M around its earnings announcement.

Options strategies for Mahindra & Mahindra

The options data for M&M's 24 February expiry shows a potential price movement of ±4.5%, providing strategic opportunities for traders based on their volatility expectations.

• Expectation of increased volatility: Traders who expect that the volatility in Mahindra & Mahindra to increase can consider a long straddle strategy. This strategy involves buying both an ATM call and an ATM put option with the same strike price and expiry date. This approach will benefit if the price of M&M moves significantly beyond the range of ±4.5% in either direction.

• Expectation of lower volatility: Traders who expect volatility will remain low, a Short Straddle may be more suitable. This strategy involves selling both an ATM call and an ATM put option with the same strike price and expiry, and profiting if the price of M&M stays within ±4.5%.

• Traders expecting continuation of the bullish momentum from its 50-day EMA, can consider a bull put spread strategy. This strategy involves buying a put option and simultaneously selling another put option with a higher strike price of the same expiry. This approach lowers the initial cost but also limits potential profits.

Disclaimer:

Derivatives trading must be done only by traders who fully understand the risks associated with them and strictly apply risk mechanisms like stop-losses. The information is only for educational purposes. We do not recommend any particular stock, securities and strategies for trading. The stock names mentioned in this article are purely for showing how to do analysis. Take your own decision before investing.