M&M Shares Drop 2% Despite Strong Q3 FY26 Results

& Mahindra (M&M) shares fell over 2% on February 12, 2026, closing around ₹3,590–3,593, even after reporting robust Q3 FY26 earnings on February 11. Key highlights: Net profit surged 47% YoY to ₹4,675 crore (from ₹3,181 crore). Revenue from operations rose 24–26% YoY to ₹51,580–52,100 crore — crossing ₹50,000 crore for the first time. Strong growth in SUVs, LCVs, and tractors drove the performance. The dip reflects profit booking after recent rallies and some cautious brokerage views, despite the solid earnings beat.