Mahindra and Mahindra Q2 Results FY27 Preview: Results Date, Expectations and the Numbers That Will Decide the September 2026 Quarter
- September 11, 2026
- Posted by: Harsh Piplani
- Category: Results
Mahindra and Mahindra share price Rs 3,079.00 on 11 September 2026, down 1.08%. Q2 FY27 results date not confirmed. Q1 FY27 net profit Rs 5,998.00 crore. Q2 FY26 base a profit of Rs 3,964.00 crore.
Quick Answer
The Mahindra and Mahindra Q2 results date for FY27 is not confirmed, and Mahindra and Mahindra Ltd. had not filed a board meeting intimation with the NSE or BSE as of 11 September 2026. Indian listing rules require the September 2026 quarter results to be published within 45 days of the quarter end, an outer deadline of 14 November 2026. The quarter will be measured against a September 2025 base of Rs 46,106.00 crore in revenue and a profit of Rs 3,964.00 crore. This preview uses reported actuals only and carries no estimated revenue or profit figure for the coming quarter.
The Mahindra and Mahindra Q2 results FY27 announcement is the next scheduled earnings event for Mahindra and Mahindra Ltd., India’s largest maker of tractors and sport utility vehicles, which also builds commercial vehicles and electric vehicles and holds a group of listed and unlisted subsidiaries spanning finance, technology, real estate and hospitality. The stock traded at Rs 3,079.00 on the NSE on 11 September 2026, down 1.08% from the previous close of Rs 3,112.70, about 19.8% below its 52-week high of Rs 3,840.00 and 18.0% above its 52-week low of Rs 2,610.10.
What makes the Mahindra and Mahindra Q2 results print worth watching is the base it faces. The September 2025 quarter delivered Rs 46,106.00 crore of revenue and a profit of Rs 3,964.00 crore, while the most recent quarter on record, Q1 FY27, produced Rs 58,188.00 crore and a profit of Rs 5,998.00 crore. Everything below is built from those reported figures rather than from any forecast.
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When Is the Mahindra and Mahindra Q2 Results FY27 Date?
The Mahindra and Mahindra Q2 results date for FY27 is not confirmed. As of 11 September 2026, Mahindra and Mahindra Ltd. had not filed a board meeting intimation with the NSE or BSE for the September 2026 quarter, so any date circulating before that filing appears should be treated as unverified.
What can be stated is the regulatory boundary. Listed companies in India must publish quarterly results within 45 days of the end of the quarter, which places the outer deadline for the September 2026 quarter at 14 November 2026. Companies also have to give the exchanges prior intimation of the board meeting that approves the results, so the Mahindra and Mahindra Q2 results date becomes public through that filing rather than through any advance announcement.
The Mahindra and Mahindra Q2 results FY27 print covers 1 July 2026 to 30 September 2026. Small and mid-cap companies more often report in the second half of that window than in the first, so late October or early November is the range to watch for Mahindra and Mahindra.
Mahindra and Mahindra Q2 Results Expectations: What the Market Is Actually Tracking
No verified analyst estimate for the Mahindra and Mahindra Q2 results FY27 quarter is in the public domain, so no revenue or profit figure should be assumed for Mahindra and Mahindra. The Mahindra and Mahindra Q2 results watchlist below is built from what the company has actually reported and disclosed.
The first is revenue, which was Rs 46,106 crore in September 2025 against Rs 58,188 crore in Q1 FY27, a rise of about 26%. Revenue has grown in every one of the five quarters shown.
The second is the operating margin, which was 19% in both September 2025 and Q1 FY27. The band across the window is a narrow 18% to 20%, so profit growth has come from volume rather than from margin.
The third is that September 2025 is an artificially low profit base. Pre-tax profit that quarter rose to Rs 6,058 crore from Rs 5,644 crore, yet net profit fell to Rs 3,964 crore from Rs 4,377 crore, because the effective tax rate was 35% against 21% to 24% in the other four quarters.
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Mahindra and Mahindra Q2 Results Preview: The Q1 FY27 Actuals It Builds On
Mahindra and Mahindra Ltd. reported revenue of Rs 58,188.00 crore in Q1 FY27, up 27.80% from Rs 45,529.00 crore in Q1 FY26, and a profit of Rs 5,998.00 crore at the net level, up 37.03% from Rs 4,377.00 crore in Q1 FY26. These are reported actuals, not estimates.
Sequentially, revenue was up 5.83% over the March 2026 quarter figure of Rs 54,982.00 crore, and net profit was up 14.03% from Rs 5,260.00 crore in Q4 FY26. Operating margin stood at 19% in Q1 FY27 against 19% in the September 2025 quarter, which is the comparison the Mahindra and Mahindra Q2 results print will be read against.
Q2 FY26 Base: The Comparison Mahindra and Mahindra Q2 Results FY27 Must Beat
Mahindra and Mahindra Ltd. reported revenue of Rs 46,106.00 crore and a profit of Rs 3,964.00 crore in Q2 FY26, the September 2025 quarter. That is the year-ago base against which the September 2026 numbers will be judged, and it is the single most useful figure in this Mahindra and Mahindra Q2 results preview.
Net profit in that base quarter was below the Rs 5,998.00 crore just reported for Q1 FY27, so the year-on-year comparison starts from a manageable level. Revenue of Rs 46,106.00 crore sits below the Rs 58,188.00 crore of the June 2026 quarter, which frames how much sequential movement the Mahindra and Mahindra Q2 results print needs to show growth.
Mahindra and Mahindra Quarterly Results Trend Over the Last Four Quarters
| Quarter | Revenue (Rs Cr) | Net Profit (Rs Cr) |
|---|---|---|
| Q2 FY26 (Sep 2025) | 46,106.00 | 3,964.00 |
| Q3 FY26 (Dec 2025) | 52,100.00 | 5,021.00 |
| Q4 FY26 (Mar 2026) | 54,982.00 | 5,260.00 |
| Q1 FY27 (Jun 2026) | 58,188.00 | 5,998.00 |
Figures in brackets denote negative numbers. All four quarters above are reported actuals taken from the company’s exchange filings, and they are the only basis this Mahindra and Mahindra Q2 results preview uses.
Revenue across those four quarters ranged from Rs 46,106.00 crore to Rs 58,188.00 crore, and net profit from Rs 3,964.00 crore to Rs 5,998.00 crore. That spread is the honest context for the Mahindra and Mahindra Q2 results FY27 print, and it is why a single quarter should not be read as a trend on its own.
Key Factors That Could Shape Mahindra and Mahindra Q2 Results FY27
The Mahindra and Mahindra Q2 results outcome will turn on a small number of company-specific variables rather than on broad market conditions. The three below are the ones visible in what Mahindra and Mahindra has already reported.
Tractors and Vehicles Move Separately
Tractor demand follows the monsoon, crop prices and rural credit, while the sport utility vehicle business follows urban discretionary spending and waiting periods on specific models. A single revenue figure blends two cycles that rarely peak together.
The Product Mix Sets the Margin
Higher trim variants and diesel automatic models carry more contribution than entry models, and electric vehicles carry different economics again. Mix, rather than price increases, is usually what moves an 18% to 20% margin within the band.
Consolidated Figures Include the Group
Borrowings of Rs 1,36,936 crore look large because the consolidated entity includes the group lending arm, and consolidated earnings per share is struck after minority interest, so it cannot be reconciled to a share count off this table. Return on equity is 20.3%.
Mahindra and Mahindra Q2 Results FY27: Share Price and Valuation Going Into the Print
Mahindra and Mahindra share price today is Rs 3,079.00 on the NSE, down Rs 33.70 or 1.08% from the previous close of Rs 3,112.70 on 11 September 2026, ahead of the Mahindra and Mahindra Q2 results announcement.
| Metric | Value (11 September 2026) |
|---|---|
| NSE Symbol | M&M |
| Current Market Price | Rs 3,079.00 |
| 52-Week High | Rs 3,840.00 |
| 52-Week Low | Rs 2,610.10 |
| Market Capitalisation | Rs 3,82,889 crore |
| PE Ratio | 20.00 |
| PB Ratio | 4.11 |
| EPS (TTM) | Rs 153.95 |
| Book Value per Share | Rs 749.00 |
| Debt to Equity | 1.47 |
| Return on Equity | 20.3% |
| 50-Day Moving Average | Rs 3,277.27 |
| 200-Day Moving Average | Rs 3,323.77 |
| RSI (14) | 11.96 |
The stock trades below both its 50-day average of Rs 3,277.27 and its 200-day average of Rs 3,323.77, with a 14-day RSI of 11.96. None of this is a view on where the shares go once the Mahindra and Mahindra Q2 results are announced, and no price target is offered here.
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What Investors Should Watch When Mahindra and Mahindra Q2 Results Are Announced
Four lines carry most of the information in a company of this size, and reading them in order keeps the Mahindra and Mahindra Q2 results print in proportion.
- Revenue against the Rs 46,106.00 crore reported in the September 2025 base quarter
- Net profit against a profit of Rs 3,964.00 crore in that same quarter
- Operating margin against 19% in Q1 FY27
- Any exceptional item, provision or one-off gain disclosed alongside the numbers
A one-off gain or provision can move the reported profit far more than operations do in a company this size, which is why the Mahindra and Mahindra Q2 results announcement should be read together with the notes to the results rather than the headline alone.
Conclusion on Mahindra and Mahindra Q2 Results FY27
The Mahindra and Mahindra Q2 results date is not confirmed, and 14 November 2026 is the statutory outer limit rather than an expected date. Mahindra and Mahindra Ltd. will make the schedule public through a board meeting intimation to the exchanges, and until then the September 2026 quarter can only be framed by what has already been reported.
On that basis the Mahindra and Mahindra Q2 results FY27 print faces a base of Rs 46,106.00 crore in revenue and a profit of Rs 3,964.00 crore, with the most recent quarter having delivered Rs 58,188.00 crore and a profit of Rs 5,998.00 crore. No numerical estimate appears in this preview because no verified consensus figure exists for Mahindra and Mahindra, and readers should treat any preview that supplies one with caution. Verify every figure against the company filing on release and consult a SEBI-registered advisor before acting on quarterly earnings.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on Mahindra and Mahindra Q2 Results FY27
What is the Mahindra and Mahindra Q2 results date for FY27?
Ans. The Mahindra and Mahindra Q2 results date for FY27 is not confirmed. Mahindra and Mahindra Ltd. had not filed a board meeting intimation with the NSE or BSE as of 11 September 2026. Indian listing rules require the September 2026 quarter results to be published by 14 November 2026 at the latest.
What quarter do the Mahindra and Mahindra Q2 results 2026 cover?
Ans. The Mahindra and Mahindra Q2 results FY27 cover 1 July 2026 to 30 September 2026, known as the September 2026 quarter. Mahindra and Mahindra Ltd. reports revenue, operating profit and net profit for that period, and the Mahindra and Mahindra Q2 results filing also carries the notes to the accounts.
What were the Mahindra and Mahindra Q1 FY27 results?
Ans. Mahindra and Mahindra Ltd. reported revenue of Rs 58,188.00 crore in Q1 FY27 and a profit of Rs 5,998.00 crore at the net level. Revenue was up 27.80% versus Q1 FY26 and net profit was up 37.03% from Rs 4,377.00 crore in Q1 FY26.
What were Mahindra and Mahindra Q2 FY26 results in the September 2025 quarter?
Ans. Mahindra and Mahindra Ltd. reported revenue of Rs 46,106.00 crore and a profit of Rs 3,964.00 crore in Q2 FY26. Operating margin was 19%. Those figures form the base for the Mahindra and Mahindra Q2 results FY27 comparison.
What are the main Mahindra and Mahindra Q2 results expectations this quarter?
Ans. No verified analyst estimate is publicly available. The Mahindra and Mahindra Q2 results expectations centre on revenue against the Rs 46,106.00 crore base, net profit against a profit of Rs 3,964.00 crore, operating margin against 19% in Q1 FY27, and any exceptional item disclosed with the numbers.
What is Mahindra and Mahindra share price today ahead of the Q2 earnings?
Ans. Mahindra and Mahindra share price is Rs 3,079.00 on the NSE as of 11 September 2026, down 1.08% from Rs 3,112.70. The stock is about 19.8% below its 52-week high of Rs 3,840.00 and 18.0% above its 52-week low of Rs 2,610.10, at a market capitalisation of Rs 3,82,889 crore.
Is Mahindra and Mahindra a good stock to buy before the Q2 results?
Ans. This article does not offer a buy, sell or hold recommendation on Mahindra and Mahindra Ltd. The stock trades at a price-to-book ratio of 4.11 with a return on equity of 20.3%. Assess the reported numbers when they are released and consult a SEBI-registered financial advisor before making any decision.
