Mahindra & Mahindra Limited — Investor Meet, 04-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Mahindra & Mahindra reported a strong Q1 FY26. Consolidated PAT rose 24% to 4,083 Cr, with Revenue up 22% and ROE at 20.6%. Auto PAT surged 32%, driven by SUV volume growth of 22% and market share gains to 27.3%. Farm sector saw 10% volume growth and 45.2% market share. Auto margins remained at 10% (ex-eSUVs), Farm PBIT at 19.8%. Management is confident on mid-to-high teen SUV growth, supported by new EV launches. EV customer feedback is strong, with 80%+ new to Mahindra. Exports are gaining traction, reflecting strong market leadership and strategic expansion.