{"id":130901,"date":"2026-06-25T14:04:26","date_gmt":"2026-06-25T08:34:26","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=130901"},"modified":"2026-06-25T14:04:28","modified_gmt":"2026-06-25T08:34:28","slug":"mahindra-and-mahindra-q1-results-fy27","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/mahindra-and-mahindra-q1-results-fy27\/","title":{"rendered":"Mahindra and Mahindra Q1 Results FY27: Uniresearch Prediction and Analysis"},"content":{"rendered":"<div class=\"meta-block\"><\/div>\n<p style=\"border-left: 4px solid #1F4E79; background: #EBF3FB; padding: 10px 16px; font-style: italic;\"><em>Mahindra and Mahindra Q1 Results FY27: Uniresearch projects Revenue Rs 56,001 Cr | PAT Rs 5,756 Cr (34-analyst consensus). Q4 FY26: Rev Rs 54,982 Cr | PAT Rs 5,260 Cr.<\/em><\/p>\n<p><a href=\"https:\/\/univest.in\/user\/stocks\/mandm\/mahindra-and-mahindra-ltd-share-price-today\">Mahindra and Mahindra<\/a> Q1 Results FY27 outlook from Uniresearch is anchored on verified Q4 FY26 actuals and 34-analyst consensus. Uniresearch projects Mahindra and Mahindra Q1 FY27 Revenue Rs 56,001 Cr (+23.0% YoY) and PAT Rs 5,756 Cr (+31.5% YoY). Prepared by Ankit Jaiswal.<\/p>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=mahindra-and-mahindra-q1-results-fy27\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-and-mahindra-q1-results-fy27\/#Mahindra_and_Mahindra_Q1_Results_FY27_%E2%80%93_Uniresearch_Prediction\" title=\"Mahindra and Mahindra Q1 Results FY27 &#8211; Uniresearch Prediction\">Mahindra and Mahindra Q1 Results FY27 &#8211; Uniresearch Prediction<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-and-mahindra-q1-results-fy27\/#Mahindra_and_Mahindra_Q4_FY26_Performance\" title=\"Mahindra and Mahindra Q4 FY26 Performance\">Mahindra and Mahindra Q4 FY26 Performance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-and-mahindra-q1-results-fy27\/#Analyst_Views_and_Growth_Outlook\" title=\"Analyst Views and Growth Outlook\">Analyst Views and Growth Outlook<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-and-mahindra-q1-results-fy27\/#Key_Watchpoints\" title=\"Key Watchpoints\">Key Watchpoints<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-and-mahindra-q1-results-fy27\/#Revenue_Delivery\" title=\"Revenue Delivery\">Revenue Delivery<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-and-mahindra-q1-results-fy27\/#PAT_vs_Growth_Target\" title=\"PAT vs Growth Target\">PAT vs Growth Target<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-and-mahindra-q1-results-fy27\/#Risks\" title=\"Risks\">Risks<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-and-mahindra-q1-results-fy27\/#Revenue_Shortfall\" title=\"Revenue Shortfall\">Revenue Shortfall<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-and-mahindra-q1-results-fy27\/#Margin_Pressure\" title=\"Margin Pressure\">Margin Pressure<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-and-mahindra-q1-results-fy27\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-and-mahindra-q1-results-fy27\/#FAQs_on_Mahindra_and_Mahindra_Q1_Results_FY27\" title=\"FAQs on Mahindra and Mahindra Q1 Results FY27\">FAQs on Mahindra and Mahindra Q1 Results FY27<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-and-mahindra-q1-results-fy27\/#What_is_Uniresearchs_PAT_prediction_for_Mahindra_and_Mahindra_Q1_Results_FY27\" title=\"What is Uniresearch&#8217;s PAT prediction for Mahindra and Mahindra Q1 Results FY27?\">What is Uniresearch&#8217;s PAT prediction for Mahindra and Mahindra Q1 Results FY27?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-and-mahindra-q1-results-fy27\/#What_is_the_Revenue_forecast_for_Mahindra_and_Mahindra_Q1_Results_FY27\" title=\"What is the Revenue forecast for Mahindra and Mahindra Q1 Results FY27?\">What is the Revenue forecast for Mahindra and Mahindra Q1 Results FY27?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-and-mahindra-q1-results-fy27\/#What_were_Mahindra_and_Mahindra_Q4_FY26_actuals_for_Mahindra_and_Mahindra_Q1_Results_FY27\" title=\"What were Mahindra and Mahindra Q4 FY26 actuals for Mahindra and Mahindra Q1 Results FY27?\">What were Mahindra and Mahindra Q4 FY26 actuals for Mahindra and Mahindra Q1 Results FY27?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-and-mahindra-q1-results-fy27\/#How_many_analysts_cover_Mahindra_and_Mahindra_Q1_Results_FY27\" title=\"How many analysts cover Mahindra and Mahindra Q1 Results FY27?\">How many analysts cover Mahindra and Mahindra Q1 Results FY27?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-and-mahindra-q1-results-fy27\/#What_consensus_applies_to_Mahindra_and_Mahindra_Q1_Results_FY27\" title=\"What consensus applies to Mahindra and Mahindra Q1 Results FY27?\">What consensus applies to Mahindra and Mahindra Q1 Results FY27?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-and-mahindra-q1-results-fy27\/#What_are_the_main_risks_to_Mahindra_and_Mahindra_Q1_Results_FY27\" title=\"What are the main risks to Mahindra and Mahindra Q1 Results FY27?\">What are the main risks to Mahindra and Mahindra Q1 Results FY27?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-and-mahindra-q1-results-fy27\/#What_is_the_Q1_FY26_base_for_Mahindra_and_Mahindra_Q1_Results_FY27\" title=\"What is the Q1 FY26 base for Mahindra and Mahindra Q1 Results FY27?\">What is the Q1 FY26 base for Mahindra and Mahindra Q1 Results FY27?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Mahindra_and_Mahindra_Q1_Results_FY27_%E2%80%93_Uniresearch_Prediction\"><\/span><strong>Mahindra and Mahindra Q1 Results FY27 &#8211; Uniresearch Prediction<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"width: 100%; border-collapse: collapse; font-size: 14px; margin: 16px 0;\">\n<tbody>\n<tr>\n<th style=\"border: 1px solid #D0D7E2; padding: 9px 14px; background: #EBF3FB;\"><strong>Metric<\/strong><\/th>\n<th style=\"border: 1px solid #D0D7E2; padding: 9px 14px; background: #EBF3FB;\"><strong>Q1 FY26 Actual<\/strong><\/th>\n<th style=\"border: 1px solid #D0D7E2; padding: 9px 14px; background: #EBF3FB;\"><strong>Q1 FY27 Uniresearch Prediction<\/strong><\/th>\n<th style=\"border: 1px solid #D0D7E2; padding: 9px 14px; background: #EBF3FB;\"><strong>YoY Change<\/strong><\/th>\n<th style=\"border: 1px solid #D0D7E2; padding: 9px 14px; background: #EBF3FB;\"><strong>Source<\/strong><\/th>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #D0D7E2; padding: 9px 14px;\"><a href=\"https:\/\/univest.in\/stocks\/mandm\/mahindra-and-mahindra-ltd-share-price-today\">Mahindra and Mahindra<\/a> Revenue (Rs Cr)<\/td>\n<td style=\"border: 1px solid #D0D7E2; padding: 9px 14px;\">45,529<\/td>\n<td style=\"border: 1px solid #D0D7E2; padding: 9px 14px;\">56,001<\/td>\n<td style=\"border: 1px solid #D0D7E2; padding: 9px 14px;\">+23.0%<\/td>\n<td style=\"border: 1px solid #D0D7E2; padding: 9px 14px;\">Uniresearch | 34-analyst consensus<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #D0D7E2; padding: 9px 14px;\">PAT (Rs Cr)<\/td>\n<td style=\"border: 1px solid #D0D7E2; padding: 9px 14px;\">4,377<\/td>\n<td style=\"border: 1px solid #D0D7E2; padding: 9px 14px;\">5,756<\/td>\n<td style=\"border: 1px solid #D0D7E2; padding: 9px 14px;\">+31.5%<\/td>\n<td style=\"border: 1px solid #D0D7E2; padding: 9px 14px;\">Uniresearch | 34-analyst consensus<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #D0D7E2; padding: 9px 14px;\">Avg Analyst Target<\/td>\n<td style=\"border: 1px solid #D0D7E2; padding: 9px 14px;\">Rs 4,334<\/td>\n<td style=\"border: 1px solid #D0D7E2; padding: 9px 14px;\">12-month view<\/td>\n<td style=\"border: 1px solid #D0D7E2; padding: 9px 14px;\">&#8211;<\/td>\n<td style=\"border: 1px solid #D0D7E2; padding: 9px 14px;\">34 analysts<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Mahindra_and_Mahindra_Q4_FY26_Performance\"><\/span><strong>Mahindra and Mahindra Q4 FY26 Performance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"width: 100%; border-collapse: collapse; font-size: 14px; margin: 16px 0;\">\n<tbody>\n<tr>\n<th style=\"border: 1px solid #D0D7E2; padding: 9px 14px; background: #EBF3FB;\"><strong>Metric<\/strong><\/th>\n<th style=\"border: 1px solid #D0D7E2; padding: 9px 14px; background: #EBF3FB;\"><strong>Q4 FY26 Actual<\/strong><\/th>\n<th style=\"border: 1px solid #D0D7E2; padding: 9px 14px; background: #EBF3FB;\"><strong>vs Q1 FY26<\/strong><\/th>\n<th style=\"border: 1px solid #D0D7E2; padding: 9px 14px; background: #EBF3FB;\"><strong>Source<\/strong><\/th>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #D0D7E2; padding: 9px 14px;\">Revenue (Rs Cr)<\/td>\n<td style=\"border: 1px solid #D0D7E2; padding: 9px 14px;\">54,982<\/td>\n<td style=\"border: 1px solid #D0D7E2; padding: 9px 14px;\">+20.8%<\/td>\n<td style=\"border: 1px solid #D0D7E2; padding: 9px 14px;\">Screener consolidated<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #D0D7E2; padding: 9px 14px;\">PAT (Rs Cr)<\/td>\n<td style=\"border: 1px solid #D0D7E2; padding: 9px 14px;\">5,260<\/td>\n<td style=\"border: 1px solid #D0D7E2; padding: 9px 14px;\">+20.2%<\/td>\n<td style=\"border: 1px solid #D0D7E2; padding: 9px 14px;\">Screener consolidated<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Analyst_Views_and_Growth_Outlook\"><\/span><strong>Analyst Views and Growth Outlook<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The 34-analyst consensus projects Mahindra and Mahindra FY27 revenue at +23.0% and profit at +31.5% YoY. Uniresearch applied these growth rates to Q1 FY26 actuals to derive the Q1 FY27 prediction. Q4 FY26 actuals showed Mahindra and Mahindra delivering revenue of Rs 54,982 Cr and PAT of Rs 5,260 Cr.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Watchpoints\"><\/span><strong>Key Watchpoints<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Revenue_Delivery\"><\/span><strong>Revenue Delivery<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Key question: can Mahindra and Mahindra reach Rs 56,001 Cr in Q1 FY27 revenue, representing +23.0% YoY growth over the Q1 FY26 base of Rs 45,529 Cr.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"PAT_vs_Growth_Target\"><\/span><strong>PAT vs Growth Target<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Profit performance of Rs 5,756 Cr (+31.5%) vs the Q1 FY26 base of Rs 4,377 Cr is the profitability watchpoint for Mahindra and Mahindra in Q1 FY27.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Risks\"><\/span><strong>Risks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Revenue_Shortfall\"><\/span><strong>Revenue Shortfall<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Revenue below the +23.0% consensus would indicate sector headwinds or execution delays for Mahindra and Mahindra.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Margin_Pressure\"><\/span><strong>Margin Pressure<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Cost increases or margin compression could challenge the +31.5% PAT growth projection for Mahindra and Mahindra in Q1 FY27.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Mahindra and Mahindra Q1 FY27 Uniresearch projection of Revenue Rs 56,001 Cr and PAT Rs 5,756 Cr is derived from the 34-analyst consensus. Investors should watch Q4 FY26 actuals as the base, and track Mahindra and Mahindra live on the Univest Screener.<\/p>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Track Mahindra and Mahindra Live on the Univest Screener<\/strong><\/a><\/p>\n<p style=\"margin-top: 24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> for live FY27 alerts.<\/em><\/p>\n<div style=\"background: #CC0000; border-radius: 8px; padding: 16px 20px; margin: 24px 0;\">\n<p style=\"color: #ffffff; font-size: 13px; line-height: 1.7; margin: 0;\"><strong style=\"color: #ffffff;\">Disclaimer:<\/strong> Revenue and PAT actuals are sourced from consolidated quarterly financial data. Q1 Results FY27 Uniresearch predictions are derived by applying analyst consensus growth rates to verified Q1 FY26 actuals. These are projections, not guaranteed outcomes. Investments in securities are subject to market risk. For educational purposes only. SEBI RA INH000013776.<\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"FAQs_on_Mahindra_and_Mahindra_Q1_Results_FY27\"><\/span><strong>FAQs on Mahindra and Mahindra Q1 Results FY27<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_Uniresearchs_PAT_prediction_for_Mahindra_and_Mahindra_Q1_Results_FY27\"><\/span><strong>What is Uniresearch&#8217;s PAT prediction for Mahindra and Mahindra Q1 Results FY27?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Uniresearch projects Mahindra and Mahindra Q1 FY27 PAT at Rs 5,756 Cr (+31.5% vs Q1 FY26 base Rs 4,377 Cr).<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Revenue_forecast_for_Mahindra_and_Mahindra_Q1_Results_FY27\"><\/span><strong>What is the Revenue forecast for Mahindra and Mahindra Q1 Results FY27?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Mahindra and Mahindra Q1 FY27 Revenue is projected at Rs 56,001 Cr (+23.0% consensus).<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_were_Mahindra_and_Mahindra_Q4_FY26_actuals_for_Mahindra_and_Mahindra_Q1_Results_FY27\"><\/span><strong>What were Mahindra and Mahindra Q4 FY26 actuals for Mahindra and Mahindra Q1 Results FY27?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Q4 FY26 Revenue Rs 54,982 Cr and PAT Rs 5,260 Cr.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_many_analysts_cover_Mahindra_and_Mahindra_Q1_Results_FY27\"><\/span><strong>How many analysts cover Mahindra and Mahindra Q1 Results FY27?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The prediction uses 34-analyst consensus, avg target Rs 4,334.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_consensus_applies_to_Mahindra_and_Mahindra_Q1_Results_FY27\"><\/span><strong>What consensus applies to Mahindra and Mahindra Q1 Results FY27?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue +23.0% and profit +31.5% (34-analyst consensus).<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_main_risks_to_Mahindra_and_Mahindra_Q1_Results_FY27\"><\/span><strong>What are the main risks to Mahindra and Mahindra Q1 Results FY27?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue missing +23.0% consensus and PAT pressure vs +31.5% growth target.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Q1_FY26_base_for_Mahindra_and_Mahindra_Q1_Results_FY27\"><\/span><strong>What is the Q1 FY26 base for Mahindra and Mahindra Q1 Results FY27?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Q1 FY26 Revenue Rs 45,529 Cr and PAT Rs 4,377 Cr.<\/p>\n<div class=\"faq-schema\"><script 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