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Mahindra & Mahindra (file photo)

Mahindra & Mahindra (M&M) said that its total profit in the third quarter of financial year 2026 has increased by 47% to Rs 4,675 crore as compared to last year. During this period, the total income of the company also increased by 26% to Rs 52,100 crore. If we leave aside some rule changes, the company's profit has actually increased by 54%. The total profit of the company in the first 9 months till December 31, 2025 was Rs 12,431 crore, which was Rs 9,634 crore last year.

After the results in the stock market, Mahindra's shares were trading at around Rs 3,697.50. Before the results, the stock had risen by 3%, but later the gain reduced slightly.

automobile sector

In this quarter, Mahindra's earnings from vehicle business increased by 30% to Rs 30,370 crore and profit increased by 42% to Rs 1,993 crore. The company sold a total of 3.02 lakh vehicles. Mahindra remains at the forefront in the SUV market with 24.1% share. The company's share in the market of small commercial trucks was 51.9%.

Tractors and Farm Equipment

Earnings of tractors and agricultural equipment increased by 21% to Rs 11,501 crore and profit was Rs 1,044 crore. The company sold 1.50 lakh tractors, giving it a market share of 44%. Apart from this, other services of Mahindra (like finance, IT and logistics) also did very well. The earnings of this sector stood at Rs 11,636 crore and the profit doubled to Rs 1,637 crore. Mahindra Finance's profit increased by 97%, while Mahindra Logistics has returned to profit after 11 quarters. The profit of Mahindra Lifespace has also increased five times.

balance sheet better

The management of the company has expressed happiness over these results. Group CEO Anish Shah said that this progress is the result of proper planning and hard work. Executive Director and CEO (Auto and Agriculture) Rajesh Jejurikar said that new vehicles like XEV 9S and XUV 7XO have been liked a lot by the customers. CFO Amarjyoti Barua said that due to the strength of various businesses of the company, the balance sheet has improved a lot. After these excellent results, M&M shares were trading at Rs 3,718 in the stock market with a rise of more than 1%.