Mahindra reports 24% profit jump in Q1

Mahindra & Mahindra reported consolidated profit after tax up 24% to ₹4,083 crores in Q1 FY26, with revenue rising 22%. Return on equity exceeded 20% for the first time at 20.6%.

The company's SUV volumes jumped 22%, lifting automotive sector revenue market share to 27.3%. Tractor volumes rose 10%, gaining market share to 45.2%. Tech Mahindra's EBIT margin recovered to 11.1%.