Mahindra Mahindra Ltd — Q1FY27 earnings call summary

Filed 04 August 2026 · Official transcript

Auto SUV volumes +15%, EV penetration at 12%; capacity to double by FY31 in phases
Cautiously optimistic outlook on margins and demand despite global uncertainties
Tech Mahindra EBIT margin at 14.4%, targeting 15% by FY27 end
Commodity inflation pressured margins; Auto price hikes of 2.7% in July to offset
Logistics turnaround with highest quarterly profit; express logistics EBITDA positive soon
Consolidated profit up 34%, ROE at 23%; Auto PAT +21%, Farm PAT +15%
Farm volumes +18%, exports +15%; tractor margins steady at 17-19% band
Mahindra Finance PAT +78%, pivoting to growth with diversification into mortgage and SME