Mahindra Mahindra Ltd (M&M)
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Mahindra & Mahindra Ltd has acquired an additional 28.03% equity stake in its subsidiary Carnot Technologies Private Limited, increasing its holding to 80.72% equity and 89% voting rights. Carnot operates in precision farming and telematics technology, with FY26 revenue of Rs. 19.80 crore and PAT of Rs. 1.17 crore. This acquisition aligns with Mahindra's strategy to consolidate its position in precision farming and telematics.
Source: Original filing PDF
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🚨 M&M — Quarterly Results
Revenue: ₹2,35,800 Cr (+12% YoY)
PAT: ₹19,200 Cr (+17% YoY)
EBITDA margin: 16.8%
Board declared ₹10/share dividend. Jio adds 8M subs.
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