Mahindra And Mahindra

Mahindra & Mahindra delivered a stellar Q4 FY26 with PAT up 42% YoYCurrent reported value: 42% YoY. No comparable prior figure is available in the source record. and revenue up 29% YoYCurrent reported value: 29% YoY. No comparable prior figure is available in the source record., driven by strong auto (33% PAT growth) and farm (13% PAT growth, excluding impairments) performance. Auto volumes grew 19%Current 19%. Reported change: +19% YoY. with margin expansion of 80bps, while farm volumes surged 24%Current 24%. Reported change: +24% YoY. with 150bps margin improvement. The EV business achieved PBIT positivity for the quarter, with EV penetration reaching 9.6%Current 9.6%. Reported change: +7.6pp YoY. (double-digit in last two months). Management guided for mid-to-high teens SUV growth and mid-single-digit tractor growth in FY27, underpinned by robust product pipeline and capacity expansion. AI initiatives are expected to deliver ₹4,100 crore revenue impact by FY27. Key risk: commodity price inflation and potential fuel price increases could pressure demand and margins.