Mahindra & Mahindra Limited — Investor Meet, 17-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Mahindra & Mahindra delivered strong Q3 FY26 results with Operating PAT up 66% and consolidated revenue up 26%. Auto and Farm volumes grew 23%, with margin expansion in both. Mahindra Finance pivoted to responsible growth after solidifying asset quality, seeing operating profit surge 97%. Lifespaces' profits rose 5x, and Logistics turned profitable.

The 7XO SUV received strong demand, leading to capacity expansion plans through debottlenecking and new plants until CY28. Management foresees continued strong demand in commercial segments, driven by GST benefits and economic tailwinds. India's economy is expected to achieve 8-10% real growth. M&M is pursuing disciplined growth, strategic exits, and aggressive EV localization. Sentiment is confident about future trajectory.