Mumbai, Feb 11 (.) Mahindra & Mahindra Limited officially announced here today that it has reported a 33 per cent increase in standalone profit after tax (PAT) to Rs 3,931 crore for the third quarter ended December 31, 2025, as compared to Rs 2,964 crore in the same period last year.
However, on a consolidated basis, the company reported a PAT of Rs 4,675 crore, up by 54 pc excluding the impact of the labour code, on a revenue of Rs 52,100 crore. The results include an exceptional charge of Rs 98.19 crore related to new labour code regulations notified by the Indian government in November 2025, which consolidated 29 existing labour laws.
Standalone revenue from operations grew 26 pc year-on-year to Rs 38,942 crore in Q3, up from Rs 30,964 crore. For the nine months ended December 2025, standalone PAT reached Rs 11,902 crore on revenue of Rs 1,08,164 crore.
The automotive division posted strong performance, with revenue of Rs 28,361 crore and Profit Before Interest & Taxation (PBIT) of Rs 2,684 crore, resulting in a 9.5 pc margin. The company sold 3,02,238 vehicles during the quarter, a 23 pc increase from the previous year. The farm equipment segment generated revenue of Rs 10,200 crore, PBIT of Rs 2,061 crore, and a margin of 20.2 pc Tractor sales stood at 1,49,567 units, which is an increase of 23 pc year-on-year (YoY).
Commenting on the result, Mahindra & Mahindra Executive Director & CEO (Auto and Farm Sector) Rajesh Jejurikar said, “Auto and Farm businesses delivered strong performance in Q3 FY26. We have achieved a 90 basis points Year-on-Year increase in SUV revenue share and 10 bps YoY increase in LCV (< 3.5T) market share in Q3. Our tractor business gained 20 bps YoY to reach an impressive 44.1 pc share for YTD FY26. Our new launches XEV 9S, and the XUV 7XO have received very positive response in the market.”
Mahindra & Mahindra Group CEO & Managing Director Anish Shah said, “We are delighted to report solid operating performance across the group in Q3 FY26, reflecting our strong focus on growth coupled with disciplined execution. Auto & Farm has maintained its leadership position on the back of steady customer demand, strong product acceptance and unwavering focus on operational excellence. TechM continues to make meaningful progress. Mahindra Finance delivered another solid quarter with meaningful PAT growth while maintaining strong asset quality. We are especially pleased to see breakout performance from two of our growth gems, Mahindra Logistics and Mahindra Lifespaces.”
Mahindra & Mahindra Group Chief Financial Officer Amarjyoti Barua said, “Our Q3 FY26 consolidated results reflect the strength and depth of our diversified portfolio. Our services businesses continue to increase their contribution to the overall results. Our results are also translating into a very strong Balance Sheet.”
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