Mahindra and Mahindra Limited is an Indian multinational automobile manufacturing company. Originally established in 1945 as Mahindra & Mohammed, it was later renamed Mahindra and Mahindra. The company’s diverse business portfolio includes automotive, farm equipment, technology services, financial services, renewable energy, logistics, hospitality and real estate. Headquartered in Mumbai, M&M is a core unit within the Mahindra Group.
Since assembling its first vehicle in 1947, the company has grown rapidly. Today, it offers a wide range of products and solutions ranging from SUVs, pickups, commercial vehicles and tractors, to electric vehicles, two-wheelers, gensets and construction equipment. It started its exports in the 1960s, and currently, Mahindra and Mahindra Limited's vehicles and tractors can be found on six continents of the world.
The market capitalisation of Mahindra And Mahindra Limited is ₹200,000 crore as of January 30, 2024. Mahindra And Mahindra Limited share price has gained 110% in the last three years.
Business operations
Mahindra and Mahindra (M&M) Limited operates in nine segments. The automotive segment includes sales of automobiles, spare parts and related services. The farm equipment segment includes sales of tractors, spare parts and other services. The information technology (IT) services segment consists of services for IT and telecom. The financial services segment includes services relating to financing, leasing and purchasing of automobiles and tractors.
The steel trading and processing segment engages in the trading and processing of steel. The infrastructure segment operates commercial complexes, project management and development. Its other segments include logistics, after-market, two-wheelers and investment.
Mahindra And Mahindra Limited's unit, Mahindra Tractors, is the world's largest tractor manufacturer by volume. In India, it is the top SUV manufacturer basis a strong revenue market share. The company also enjoys leadership across various sectors, including farm equipment, utility vehicles, information technology and financial services within the country.
The company produced the world's first all-electric hypercar, the Pininfarina Battista, and is the only Indian original equipment manufacturer (OEM) competing in the Formula E All-Electric Car Racing Championship. Mahindra And Mahindra Limited caters to over 20 key industries and its services are available in over 100 countries.
The company operates 67 manufacturing facilities worldwide, with key centres in the UK and the USA. In the UK, it has a global design centre alongside collaborations in electric racing technology with Mahindra Racing and Two-Wheeler Technology with BSA. Its presence in the USA includes automotive & EV technologies with MRV located in Detroit.
The company's R&D facilities are strategically located in 21 centres across seven countries including India, Finland, Italy, Japan, Turkey, the UK and the USA. It also operates 21 manufacturing plants in India.
In the automotive sector, the company achieved a sales volume of 6,98,456 units in FY23, reflecting its strong market presence and consumer demand. It recorded a sales volume of 4,07,545 units in the farm equipment sector.
Mahindra & Mahindra Financial Highlights
- Revenue: Mahindra & Mahindra reported revenue of ₹2,02,084.34 crore in FY26 vs ₹1,61,391.87 crore in FY25. It showed an increase of 25.21% on a yearly basis.
- Operating Profit: Mahindra & Mahindra reported an operating profit of ₹25,184.76 crore in FY26 vs ₹19,079.62 crore in FY25. It showed an increase of 32.00% on a year-on-year basis.
- Net Profit: Mahindra & Mahindra reported a net profit of ₹18,621.71 crore in FY26 vs ₹14,073.17 crore in FY25. It showed an increase of 32.32% on a yearly basis.
Mahindra & Mahindra Quarterly Result Highlights
- Mahindra & Mahindra reported revenue of ₹55,976.75 crore in Mar 2026, compared with ₹52,958.27 crore in Dec 2025, representing an increase of 5.70% on a quarter-on-quarter (QoQ) basis.
- Mahindra & Mahindra reported an operating profit of ₹6,914.10 crore in Mar 2026, compared with ₹6,568.62 crore in Dec 2025, representing an increase of 5.26% on a quarter-on-quarter (QoQ) basis.
- Mahindra & Mahindra reported a profit of ₹5,259.91 crore in Mar 2026, compared with ₹5,021.47 crore in Dec 2025, reflecting an increase of 4.75% on a QoQ basis.
- The earnings per share (EPS) of Mahindra & Mahindra stood at ₹153.10 during Mar 2026.
