Mahindra & Mahindra shares jump 4% as auto firm sees 21% growth in March sales; here’s a detailed look at tractor, CV numbers

In the utility vehicles segment, Mahindra sold 60,272 vehicles in the domestic market, a growth of 25%, and overall, 62,109 vehicles, including exports. The domestic sales for commercial vehicles stood at 24,928, a growth of 11%.

The financial year concluded with all‑time‑high volumes of 660,276 SUVs and 289,597 LCVs, delivering robust year-on-year (YoY) growth of 20% and 13%, respectively, across both segments.

Commenting on the performance, M&M’s CEO for the Automotive Division, Nalinikanth Gollagunta, said, “The financial year ended on a very positive note, with Mahindra clocking its highest-ever volumes in both the SUV & LCV segments, a significant milestone for the company.”

Mahindra & Mahindra’s farm equipment business reported domestic tractor sales of 43,403 units in March 2026, up 33% from 32,582 units in the same month last year.

Its total tractor sales (domestic and exports) stood at 45,035 units compared with 34,934 units a year ago, with exports at 1,632 units for the month.

The auto major’s trucks and buses business recorded overall sales of 4,267 vehicles, including exports, in March 2026, marking a 13% growth year-over-year. The company added that its trucks and buses segment comprises the Mahindra Trucks & Buses Division (MTBD) and SML Isuzu Limited.

“A significant part of this high growth was driven by the full Navratri season falling entirely in March '26, unlike last year when it was split between March and April. We ended FY26 with the highest ever sales of 505,930, registering growth of 24%. In the export market, we have sold 1632 tractors,” said Veejay Nakra, President – Farm Equipment Business, Mahindra & Mahindra.

M&M share price

At 12:40 PM, Mahindra & Mahindra shares were trading at ₹3,049.30 apiece on NSE, gaining 2.93%.

Over a month’s time, the stock has fallen 8.5%, while for a six-month period, it has lost 12%. For a one-year period, M&M shares have rallied nearly 16%. From the beginning of the year, shares of the auto manufacturer have tumbled 19%.

The company has a market capitalisation of ₹3.79 lakh crore.

Shares of the company had touched their one-year high of ₹3,839.90 apiece on January 5, 2026, while their 52-week low of ₹2,425 was hit on April 7, 2025.

Mahindra & Mahindra Q3 earnings

The automobile manufacturer had posted a 32.62% increase in its standalone profit after tax to ₹3,931.3 crore in the December quarter of the financial year 2025-26.

The XUV700 maker had reported a post-tax profit of ₹2,964.31 crore in the corresponding period of the previous fiscal year.

Revenue from operations climbed 26.12% to ₹38,516.81 crore in the October-December quarter of FY26, compared to ₹30,538.23 crore in the year-ago quarter.

Earnings before interest, taxes, depreciation, and amortisation (EBITDA) rose 20.72% to ₹5,293 crore in the quarter under review, as against 4,384 crore in Q3 FY25. The EBITDA margin stood at 13.74% vs 14.36%.