Mahindra & Mahindra Limited — PPTs, 04-11-2025: Investor Presentation

Mahindra & Mahindra delivered a strong Q2 FY26. Consolidated PAT (adjusted) soared 28%, with revenue up 22% to 46,106 Cr.

**Business Performance:** Farm sector's PAT jumped 54% on 32% tractor volume growth, achieving 43% market share. Auto PAT grew 14% (adjusted) with revenue up 25%, maintaining strong SUV (25.7% revenue share) and LCV (<3.5T, 53.2% share) positions. Mahindra Finance PAT rose 45% (AUM +13%), and Tech Mahindra PAT was up 35%.

**Strategy & Developments:** M&M is reinforcing market leadership, driving digital transformation (MMFSL's UDAAN, TechM's AI 'Orion'), and expanding 'Growth Gems' (strong Real Estate GDV, Logistics). Notable milestones include 70 Lakh+ tractors rolled out and successful product launches like the "Redefined Thar" and the quick sell-out BE 6 Batman Edition SUV. M&M leads in H1 FY26 E-SUV Revenue Market Share.

**Key Financials & Outlook:** Q2 FY26 consolidated PAT hit 3,673 Cr. H1 FY26 annualized ROE was 19.4%, with EPS at 69.0 Rs. Net cash generation for H1 FY26 stood at 4,119 Cr. Management emphasized consistent performance and focus on sustainable growth.