Mahindra & Mahindra

M&M delivered a strong 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 29% vs previous available quarter 26%., driven by robust auto and farm performance. Auto volume grew 19%Current 19%. Reported change: +19% YoY. with margin expansion of 80 bpsCurrent reported value: 80 bps. No comparable prior figure is available in the source record., while farm tractor margins reached 20.4%Current reported value: 20.4%. No comparable prior figure is available in the source record. in Q4. EV penetration hit 9.6%Current 9.6%. Reported change: +7.6pp YoY. (double-digit in last two months), and the EV portfolio turned PBIT positive at INR 227 crCurrent INR 227 Cr. Reported change: +INR 227 Cr YoY.ore. Management guided for mid-to-high teens SUV growth and ~5% tractor industry growth in FY27, supported by strong product demand and capacity additions. AI initiatives are expected to deliver INR 4,100 crore revenue impact by FY27. Key risks include commodity inflation, memory chip supply constraints, and potential rainfall deficit impacting tractor demand.