Mahindra & Mahindra Q2 Profit Up 28%, Rural Growth And EV Plans Boost Outlook

Mahindra & Mahindra has delivered an impressive set of Q2 results, with consolidated profit rising 28% year-on-year to ₹4,521 crore and revenue up 21% to ₹33,422 crore. The company’s performance was powered by strong SUV demand and a rebound in rural markets that lifted tractor sales. Management noted that the real impact of recent GST cuts will be visible in Q4, while guidance on tractor sales has been raised. M&M also confirmed that its new electric SUV will debut by the end of November, with encouraging demand trends already emerging for its BE6 and XEV 9e models. The company remains confident that FY26 will be even stronger than FY25.