M&M Q2 FY27: Profit +25% to ₹4,588 Cr, Auto Revenue +39%

🚗 Mahindra & Mahindra Q2 FY27 results are out, and M&M shares moved up over 6% on 5 Nov 2026. Here is a quick look at what the numbers say. What this analysis covers: ✅ Consolidated PAT at ₹4,588 Cr, up 25% YoY from ₹3,673 Cr; revenue from operations about ₹57,500 Cr, up ~25% ✅ Auto segment revenue at ₹37,756 Cr, up 39% YoY; total vehicle volumes 3,30,896 units, up 26% ✅ Farm side: tractor volumes 1,16,027 units, down 6% YoY, which management linked to the festive-season shift ✅ Margin watch: reported EBITDA margin about 17.7% vs 18.9% a year ago, as raw material costs rose faster than sales ✅ Market position: market share of 24.3% in SUVs, 52.3% in LCVs and 41.5% in tractors Key learning: strong top-line growth does not always mean margin expansion. Track volume growth, segment mix and cost trends together before forming any view. 💬 Your view: can SUV demand keep offsetting a softer farm cycle in the coming quarters? Share in the comments. 📲 For daily market notes, search "Neha Gupta SEBI RA" on Telegram and join the FREE channel. Neha Gupta | SEBI Registered Research Analyst | Reg. No. INH000016542 ⚠️ Disclaimer: This content is for educational purposes only and is not investment advice or a buy/sell recommendation. Investments in the securities market are subject to market risks. Read all related documents carefully before investing.