Mahindra & Mahindra delivered a robust performance for Q3 F26. Consolidated revenue grew 26% to 52,100 Cr, with reported PAT surging 47% to 4,675 Cr, and annualized ROE at 20.1%.
The Auto sector saw SUV volumes jump 26%, securing #1 in SUV revenue market share, alongside a 90 bps margin improvement. New launches like the XUV 7XO and XEV 9S, plus 41,000+ eSUVs sold, highlight strong product momentum and EV expansion. Capacity enhancements are planned through CY 2028. The Farm sector's domestic volumes rose 22% and exports 36%, with margins up 240 bps, maintaining a 44.0% market share.
Mahindra Finance's PAT soared 97%, now focused on growth after its transformation. Lifespaces' PAT grew 5x on strong residential execution and 71% rise in presales to 572 Cr. Logistics turned profitable with a 3 Cr PAT after 11 quarters. Management highlights consistent delivery and future capacity building for sustained growth.