Mahindra Mahindra Ltd — Q1FY26 earnings call summary

Filed 04 August 2025 · Official transcript

SUV growth guidance mid to high teens maintained; new launches planned in 2026
Tech Mahindra EBIT margin 11.1%, targeting 15% in FY27; Mahindra Finance AUM +15%
Tractor volume +10%, market share 45.2%; Farm PBIT margin 19.8%
Multiple analyst queries on EV profitability and ramp-up; management confident on margin drivers and market share
Consolidated PAT up 24% to ₹4,083 Cr; ROE at 20.6% in Q1 FY26
Auto SUV volume +22%, market share 27.3%; Auto PAT +32%
Commodity inflation concern on steel (+6%); price hikes taken
Electric SUV EBITDA ₹111 Cr; ramping to 5-6k units/month by festival season