New Delhi, February 11 Mahindra & Mahindra Ltd reported a 38.54% increase in consolidated profit after tax at ₹5,021.47 crore for the third quarter ended December 31, 2025, primarily driven by strong performance in the auto and farm sectors.
The company had posted a profit after tax (PAT) of ₹3,624.48 crore a year ago, Mahindra & Mahindra Ltd (M&M) said in a regulatory filing.
Consolidated revenue from operations in the third quarter stood at ₹51,579.95 crore, compared to ₹41,464.98 crore in the year-ago period, it added.
This is the first time M&M has crossed ₹50,000 crore in consolidated revenue.
Total expenses in the quarter under review were higher at ₹41,464.98 crore, compared to ₹37,096.65 crore in the same period a year ago, the company said.
In the quarter, the group incurred an exceptional outflow of ₹292.94 crore due to the new Labour Codes, the filing said.
The auto segment posted a quarterly volume of 3.02 lakh units, up 23% from the same period last fiscal, M&M said, adding that the farm sector volume was at 1.5 lakh units, a growth of 23% from the corresponding quarter a year ago.
Commenting on the performance, M&M Group CEO & Managing Director, Anish Shah, said a solid operating performance across the group in Q3 FY26 reflected the group's strong focus on growth coupled with disciplined execution.
"Auto and farm has maintained its leadership position on the back of steady customer demand, strong product acceptance, and unwavering focus on operational excellence," he said, adding that TechM continues to make meaningful progress.
Mahindra Finance delivered another solid quarter with meaningful PAT growth while maintaining strong asset quality, Shah said, adding "we are especially pleased to see breakout performance from two of our growth gems, Mahindra Logistics and Mahindra Lifespaces".
M&M Executive Director & CEO (Auto and Farm Sector), Rajesh Jejurikar said, "We have achieved a 90 basis points YoY increase in SUV revenue share and 10 bps YoY increase in LCV (less than 3.5 tonnes) market share in Q3."
The tractor business gained 20 bps YoY to reach 44.1 per cent share for YTD FY26, he added.
