{"id":340711,"date":"2026-11-05T14:43:55","date_gmt":"2026-11-05T09:13:55","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/mahindra-and-mahindra-q2-results-fy27-pat-5102-crore\/"},"modified":"2026-11-05T14:43:55","modified_gmt":"2026-11-05T09:13:55","slug":"mahindra-and-mahindra-q2-results-fy27-pat-5102-crore","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/mahindra-and-mahindra-q2-results-fy27-pat-5102-crore\/","title":{"rendered":"Mahindra &#038; Mahindra Q2 Results FY27: PAT Jumps 38.88% to Rs 5,101.62 Cr, Revenue Rs 44,281.88 Cr"},"content":{"rendered":"<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">Mahindra &#038; Mahindra Q2 Results FY27 were declared on 5 November 2026, and the quarterly results show revenue of Rs 44,281.88 Cr, down 3.96% YoY from Rs 46,105.67 Cr. Net profit rose 38.88% YoY to Rs 5,101.62 Cr against Rs 3,673.32 Cr a year earlier. This YoY growth in profit came on a lower revenue base, and the net profit margin moved to 11.5% from 8.0%.<\/p>\n<\/div>\n<p><a href=\"https:\/\/univest.in\/stocks\/m&#038;m\/mahindra-and-mahindra-ltd-share-price-today\">Mahindra &#038; Mahindra Ltd<\/a> (M&#038;M) Q2 Results FY27 announced on 5 November 2026, covering the company&#8217;s financial performance for the July to September quarter. The results date brings revenue of Rs 44,281.88 Cr and net profit (PAT) of Rs 5,101.62 Cr into view. Mahindra &#038; Mahindra Q2 Results FY27 record a 3.96% YoY dip in revenue and a 38.88% YoY rise in net profit.<\/p>\n<p>This Mahindra &#038; Mahindra Q2 Results results analysis covers the financial highlights, business drivers, FY27 outlook and risks, and Univest readers can follow related figures on the Univest Screener. The Financial Highlights table that follows sets this quarter beside the same quarter last year.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=quarterly_results\"><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-q2-results-fy27-pat-5102-crore\/#Mahindra_Mahindra_Q2_Results_FY27_Financial_Highlights\" title=\"Mahindra &#038; Mahindra Q2 Results FY27: Financial Highlights\">Mahindra &#038; Mahindra Q2 Results FY27: Financial Highlights<\/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-q2-results-fy27-pat-5102-crore\/#Key_Takeaways_from_Mahindra_Mahindra_Q2_Results_What_Stands_Out\" title=\"Key Takeaways from Mahindra &#038; Mahindra Q2 Results: What Stands Out\">Key Takeaways from Mahindra &#038; Mahindra Q2 Results: What Stands Out<\/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-q2-results-fy27-pat-5102-crore\/#Mahindra_Mahindra_Q2_Results_FY27_Performance_Analysis\" title=\"Mahindra &#038; Mahindra Q2 Results FY27: Performance Analysis\">Mahindra &#038; Mahindra Q2 Results FY27: Performance Analysis<\/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-q2-results-fy27-pat-5102-crore\/#Key_Business_Factors_This_Quarter\" title=\"Key Business Factors This Quarter\">Key Business Factors This Quarter<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-and-mahindra-q2-results-fy27-pat-5102-crore\/#FY27_Outlook_After_Mahindra_Mahindra_Q2_Results\" title=\"FY27 Outlook After Mahindra &#038; Mahindra Q2 Results\">FY27 Outlook After Mahindra &#038; Mahindra Q2 Results<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-and-mahindra-q2-results-fy27-pat-5102-crore\/#Key_Risks_to_Watch_After_Mahindra_Mahindra_Q2_Results_FY27\" title=\"Key Risks to Watch After Mahindra &#038; Mahindra Q2 Results FY27\">Key Risks to Watch After Mahindra &#038; Mahindra Q2 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-7\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-and-mahindra-q2-results-fy27-pat-5102-crore\/#Revenue_Decline\" title=\"Revenue Decline\">Revenue Decline<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-and-mahindra-q2-results-fy27-pat-5102-crore\/#High_Debt_Level\" title=\"High Debt Level\">High Debt Level<\/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-q2-results-fy27-pat-5102-crore\/#Sequential_Revenue_Drop\" title=\"Sequential Revenue Drop\">Sequential Revenue Drop<\/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-q2-results-fy27-pat-5102-crore\/#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-q2-results-fy27-pat-5102-crore\/#Frequently_Asked_Questions_on_Mahindra_Mahindra_Q2_Results_FY27\" title=\"Frequently Asked Questions on Mahindra &#038; Mahindra Q2 Results FY27\">Frequently Asked Questions on Mahindra &#038; Mahindra Q2 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-q2-results-fy27-pat-5102-crore\/#What_are_Mahindra_Mahindra_Q2_Results_FY27\" title=\"What are Mahindra &#038; Mahindra Q2 Results FY27?\">What are Mahindra &#038; Mahindra Q2 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-q2-results-fy27-pat-5102-crore\/#What_is_the_results_date_for_Mahindra_Mahindra_Q2_Results_FY27\" title=\"What is the results date for Mahindra &#038; Mahindra Q2 Results FY27?\">What is the results date for Mahindra &#038; Mahindra Q2 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-q2-results-fy27-pat-5102-crore\/#What_revenue_was_reported_in_Mahindra_Mahindra_Q2_Results_FY27\" title=\"What revenue was reported in Mahindra &#038; Mahindra Q2 Results FY27?\">What revenue was reported in Mahindra &#038; Mahindra Q2 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-q2-results-fy27-pat-5102-crore\/#What_net_profit_was_reported_in_Mahindra_Mahindra_Q2_Results_FY27\" title=\"What net profit was reported in Mahindra &#038; Mahindra Q2 Results FY27?\">What net profit was reported in Mahindra &#038; Mahindra Q2 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-q2-results-fy27-pat-5102-crore\/#How_much_YoY_growth_did_revenue_show_in_Mahindra_Mahindra_Q2_Results_FY27\" title=\"How much YoY growth did revenue show in Mahindra &#038; Mahindra Q2 Results FY27?\">How much YoY growth did revenue show in Mahindra &#038; Mahindra Q2 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-q2-results-fy27-pat-5102-crore\/#Did_net_profit_rise_or_fall_in_Mahindra_Mahindra_Q2_Results\" title=\"Did net profit rise or fall in Mahindra &#038; Mahindra Q2 Results?\">Did net profit rise or fall in Mahindra &#038; Mahindra Q2 Results?<\/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-q2-results-fy27-pat-5102-crore\/#What_was_the_net_profit_margin_in_Mahindra_Mahindra_Q2_Results_FY27\" title=\"What was the net profit margin in Mahindra &#038; Mahindra Q2 Results FY27?\">What was the net profit margin in Mahindra &#038; Mahindra Q2 Results FY27?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-and-mahindra-q2-results-fy27-pat-5102-crore\/#What_were_the_return_ratios_reported_with_Mahindra_Mahindra_Q2_Results\" title=\"What were the return ratios reported with Mahindra &#038; Mahindra Q2 Results?\">What were the return ratios reported with Mahindra &#038; Mahindra Q2 Results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-and-mahindra-q2-results-fy27-pat-5102-crore\/#What_business_factors_shaped_Mahindra_Mahindra_Q2_Results_FY27\" title=\"What business factors shaped Mahindra &#038; Mahindra Q2 Results FY27?\">What business factors shaped Mahindra &#038; Mahindra Q2 Results FY27?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-and-mahindra-q2-results-fy27-pat-5102-crore\/#What_are_the_key_risks_after_Mahindra_Mahindra_Q2_Results_FY27\" title=\"What are the key risks after Mahindra &#038; Mahindra Q2 Results FY27?\">What are the key risks after Mahindra &#038; Mahindra Q2 Results FY27?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-and-mahindra-q2-results-fy27-pat-5102-crore\/#What_is_the_outlook_after_Mahindra_Mahindra_Q2_Results\" title=\"What is the outlook after Mahindra &#038; Mahindra Q2 Results?\">What is the outlook after Mahindra &#038; Mahindra Q2 Results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-and-mahindra-q2-results-fy27-pat-5102-crore\/#Where_can_I_find_the_complete_Mahindra_Mahindra_Q2_Results_FY27_data\" title=\"Where can I find the complete Mahindra &#038; Mahindra Q2 Results FY27 data?\">Where can I find the complete Mahindra &#038; Mahindra Q2 Results FY27 data?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Mahindra_Mahindra_Q2_Results_FY27_Financial_Highlights\"><\/span><strong>Mahindra &#038; Mahindra Q2 Results FY27: Financial Highlights<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<tbody>\n<tr>\n<th>Metric<\/th>\n<th>Q2 FY27 (Sep 26)<\/th>\n<th>Q2 FY26 (Sep 25)<\/th>\n<th>YoY Change<\/th>\n<\/tr>\n<tr>\n<td><strong>Revenue<\/strong><\/td>\n<td>Rs 44281.88 Cr<\/td>\n<td>Rs 46105.67 Cr<\/td>\n<td>-3.96% YoY<\/td>\n<\/tr>\n<tr>\n<td><strong>Net Profit (PAT)<\/strong><\/td>\n<td>Rs 5101.62 Cr<\/td>\n<td>Rs 3673.32 Cr<\/td>\n<td>+38.88% YoY<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Source: company filing for Mahindra &amp; Mahindra Q2 Results FY27, 5 November 2026. Figures in Rs Crore.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Takeaways_from_Mahindra_Mahindra_Q2_Results_What_Stands_Out\"><\/span><strong>Key Takeaways from Mahindra &#038; Mahindra Q2 Results: What Stands Out<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>Revenue of Rs 44,281.88 Cr<\/strong> was down 3.96% YoY, compared with Rs 46,105.67 Cr in the same quarter last year.<\/li>\n<li><strong>Net profit of Rs 5,101.62 Cr<\/strong> rose 38.88% YoY from Rs 3,673.32 Cr, which is YoY growth in profit despite the lower revenue.<\/li>\n<li><strong>Net profit margin of 11.5%<\/strong> compares with 8.0% in the comparison quarter, as profit rose while revenue eased.<\/li>\n<li><strong>Return on equity of 22.00%<\/strong> and return on capital employed of 16.29% are the FY26 ratios reported alongside Mahindra &#038; Mahindra Q2 Results FY27.<\/li>\n<li><strong>Debt at 1.43 times total assets<\/strong> in FY26 is a risk item, and the performance analysis below puts every figure in order.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Mahindra_Mahindra_Q2_Results_FY27_Performance_Analysis\"><\/span><strong>Mahindra &#038; Mahindra Q2 Results FY27: Performance Analysis<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Mahindra &#038; Mahindra reported revenue of Rs 44,281.88 Cr for the July to September 2026 quarter, down 3.96% YoY from Rs 46,105.67 Cr. Net profit moved the other way, rising 38.88% YoY to Rs 5,101.62 Cr from Rs 3,673.32 Cr, so the two lines diverged within the same quarter.<\/p>\n<p>In this Mahindra &#038; Mahindra Q2 Results FY27 results analysis, the divergence shows up in the net profit margin, which stood at 11.5% against 8.0% in the comparison quarter. Revenue was also down 23.9% quarter on quarter from Rs 58,187.57 Cr, so the quarterly results sit on a lower revenue base than the previous quarter.<\/p>\n<p>Investors reading the Mahindra &#038; Mahindra Q2 Results will track whether the YoY growth in net profit carries into later filings. The reported figures confirm what changed but do not establish its cause, which is where the results analysis turns to the business factors.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check the Univest Screener for live results data<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Business_Factors_This_Quarter\"><\/span><strong>Key Business Factors This Quarter<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Net Profit Growth<\/strong> &#8211; The results analysis points first to net profit, which rose 38.9% YoY to Rs 5,101.62 Cr and is the headline figure of Mahindra &#038; Mahindra Q2 Results FY27 for this quarter.<\/p>\n<p><strong>Net Profit Margin<\/strong> &#8211; Net profit margin improved to 11.5% from 8.0% in the comparison quarter, so each rupee of revenue carried more profit than a year earlier. This quarterly results figure links the profit rise to the lower revenue base.<\/p>\n<p><strong>Return Ratios<\/strong> &#8211; Return on equity was 22.00% and return on capital employed was 16.29% in FY26, the latest full-year ratios. These ratios describe the earnings base against which the Q2 FY27 net profit should be read.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"FY27_Outlook_After_Mahindra_Mahindra_Q2_Results\"><\/span><strong>FY27 Outlook After Mahindra &#038; Mahindra Q2 Results<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>FY27 full-year results will depend on the quarters still to be reported and on the sector conditions the company discloses. This results analysis therefore treats the Q2 figures as one data point in the year, not as a guide to the full-year outcome for revenue or profit.<\/p>\n<p>With Mahindra &#038; Mahindra Q2 Results FY27 showing net profit of Rs 5,101.62 Cr and revenue of Rs 44,281.88 Cr, readers can compare each later quarter against those two numbers on the Univest Screener. Net profit stands 38.88% higher YoY while revenue is 3.96% lower, and the risks below describe what to watch.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Risks_to_Watch_After_Mahindra_Mahindra_Q2_Results_FY27\"><\/span><strong>Key Risks to Watch After Mahindra &#038; Mahindra Q2 Results FY27<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Revenue_Decline\"><\/span><strong>Revenue Decline<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Revenue declined 4.0% YoY to Rs 44,281.88 Cr in the latest quarter. Investors tracking Mahindra &#038; Mahindra Q2 Results FY27 will watch whether later quarters show the same revenue direction, since the profit rise came on a lower revenue base.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"High_Debt_Level\"><\/span><strong>High Debt Level<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Debt was high at 1.43 times total assets in FY26. This is a balance sheet ratio, so it sits beside the quarterly net profit, and YoY growth in profit does not change the FY26 level.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Sequential_Revenue_Drop\"><\/span><strong>Sequential Revenue Drop<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Revenue was down 23.9% quarter on quarter from Rs 58,187.57 Cr. The sequential fall is separate from the YoY comparison and places this quarter&#8217;s revenue well below the previous quarter&#8217;s level.<\/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&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track quarterly results as they are declared.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Mahindra &#038; Mahindra Q2 Results FY27 combine a 3.96% YoY fall in revenue to Rs 44,281.88 Cr with a 38.88% YoY rise in net profit to Rs 5,101.62 Cr. These quarterly results also show a net profit margin of 11.5% and an FY26 debt level of 1.43 times total assets. Readers of the Mahindra &#038; Mahindra Q2 Results should consult a SEBI-registered advisor before acting on any figure.<\/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> 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. Research Analyst: Uniresearch Global Pvt. Ltd., SEBI Registration No. INH000013776.<\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_on_Mahindra_Mahindra_Q2_Results_FY27\"><\/span><strong>Frequently Asked Questions on Mahindra &#038; Mahindra Q2 Results FY27<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_are_Mahindra_Mahindra_Q2_Results_FY27\"><\/span><strong>What are Mahindra &#038; Mahindra Q2 Results FY27?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> These results cover July to September 2026, with revenue of Rs 44,281.88 Cr and net profit of Rs 5,101.62 Cr, while the Financial Highlights section places both beside the year-ago quarter.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_results_date_for_Mahindra_Mahindra_Q2_Results_FY27\"><\/span><strong>What is the results date for Mahindra &#038; Mahindra Q2 Results FY27?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The results date was 5 November 2026, so the figures describe the July to September quarter, as the opening paragraphs of this article explain alongside the revenue and net profit numbers.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_revenue_was_reported_in_Mahindra_Mahindra_Q2_Results_FY27\"><\/span><strong>What revenue was reported in Mahindra &#038; Mahindra Q2 Results FY27?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Mahindra &#038; Mahindra reported revenue of Rs 44,281.88 Cr in Q2 FY27, compared with Rs 46,105.67 Cr a year earlier, which means revenue is lower, as the Financial Highlights table shows.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_net_profit_was_reported_in_Mahindra_Mahindra_Q2_Results_FY27\"><\/span><strong>What net profit was reported in Mahindra &#038; Mahindra Q2 Results FY27?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Net profit in Q2 FY27 was Rs 5,101.62 Cr against Rs 3,673.32 Cr a year earlier, so the figure is higher, and the Key Takeaways section lists it beside the revenue move.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_much_YoY_growth_did_revenue_show_in_Mahindra_Mahindra_Q2_Results_FY27\"><\/span><strong>How much YoY growth did revenue show in Mahindra &#038; Mahindra Q2 Results FY27?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue showed a 3.96% YoY decline from Rs 46,105.67 Cr to Rs 44,281.88 Cr, while net profit moved up, as the Performance Analysis section explains in more detail.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Did_net_profit_rise_or_fall_in_Mahindra_Mahindra_Q2_Results\"><\/span><strong>Did net profit rise or fall in Mahindra &#038; Mahindra Q2 Results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Net profit rose in the Mahindra &#038; Mahindra Q2 Results, up 38.88% YoY to Rs 5,101.62 Cr, while revenue fell 3.96% YoY, so the net profit margin moved to 11.5% from 8.0%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_was_the_net_profit_margin_in_Mahindra_Mahindra_Q2_Results_FY27\"><\/span><strong>What was the net profit margin in Mahindra &#038; Mahindra Q2 Results FY27?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The net profit margin was 11.5% in Q2 FY27 against 8.0% in the comparison quarter, which means each rupee of revenue carried more profit, as the Key Business Factors section notes.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_were_the_return_ratios_reported_with_Mahindra_Mahindra_Q2_Results\"><\/span><strong>What were the return ratios reported with Mahindra &#038; Mahindra Q2 Results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Return on equity was 22.00% and return on capital employed was 16.29% in FY26, while the Q2 FY27 net profit of Rs 5,101.62 Cr should be read against them, as the factors section shows.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_business_factors_shaped_Mahindra_Mahindra_Q2_Results_FY27\"><\/span><strong>What business factors shaped Mahindra &#038; Mahindra Q2 Results FY27?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Business factors for Mahindra &#038; Mahindra Q2 Results FY27 include 38.9% YoY net profit growth, an 11.5% net profit margin and FY26 return ratios, so the Key Business Factors section lists them in that order.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_key_risks_after_Mahindra_Mahindra_Q2_Results_FY27\"><\/span><strong>What are the key risks after Mahindra &#038; Mahindra Q2 Results FY27?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Risks include revenue down 4.0% YoY, debt of 1.43 times total assets in FY26 and revenue down 23.9% quarter on quarter, as the Key Risks section sets out in order.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_outlook_after_Mahindra_Mahindra_Q2_Results\"><\/span><strong>What is the outlook after Mahindra &#038; Mahindra Q2 Results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> FY27 full-year results will depend on later quarters, so these results are one data point, while the Outlook section compares future quarters with net profit of Rs 5,101.62 Cr and revenue of Rs 44,281.88 Cr.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Where_can_I_find_the_complete_Mahindra_Mahindra_Q2_Results_FY27_data\"><\/span><strong>Where can I find the complete Mahindra &#038; Mahindra Q2 Results FY27 data?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The complete data sits in the Financial Highlights table above, while the Univest Screener lets readers follow related figures, so this page remains the reference for the quarterly results and net profit.<\/p>\n<p><script type=\"application\/ld+json\" class=\"faq-schema\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What are Mahindra & Mahindra Q2 Results FY27?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"These results cover July to September 2026, with revenue of Rs 44,281.88 Cr and net profit of Rs 5,101.62 Cr, while the Financial Highlights section places both beside the year-ago quarter.\"}},{\"@type\":\"Question\",\"name\":\"What is the results date for Mahindra & Mahindra Q2 Results FY27?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The results date was 5 November 2026, so the figures describe the July to September quarter, as the opening paragraphs of this article explain alongside the revenue and net profit numbers.\"}},{\"@type\":\"Question\",\"name\":\"What revenue was reported in Mahindra & Mahindra Q2 Results FY27?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Mahindra & Mahindra reported revenue of Rs 44,281.88 Cr in Q2 FY27, compared with Rs 46,105.67 Cr a year earlier, which means revenue is lower, as the Financial Highlights table shows.\"}},{\"@type\":\"Question\",\"name\":\"What net profit was reported in Mahindra & Mahindra Q2 Results FY27?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Net profit in Q2 FY27 was Rs 5,101.62 Cr against Rs 3,673.32 Cr a year earlier, so the figure is higher, and the Key Takeaways section lists it beside the revenue move.\"}},{\"@type\":\"Question\",\"name\":\"How much YoY growth did revenue show in Mahindra & Mahindra Q2 Results FY27?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Revenue showed a 3.96% YoY decline from Rs 46,105.67 Cr to Rs 44,281.88 Cr, while net profit moved up, as the Performance Analysis section explains in more detail.\"}},{\"@type\":\"Question\",\"name\":\"Did net profit rise or fall in Mahindra & Mahindra Q2 Results?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Net profit rose in the Mahindra & Mahindra Q2 Results, up 38.88% YoY to Rs 5,101.62 Cr, while revenue fell 3.96% YoY, so the net profit margin moved to 11.5% from 8.0%.\"}},{\"@type\":\"Question\",\"name\":\"What was the net profit margin in Mahindra & Mahindra Q2 Results FY27?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The net profit margin was 11.5% in Q2 FY27 against 8.0% in the comparison quarter, which means each rupee of revenue carried more profit, as the Key Business Factors section notes.\"}},{\"@type\":\"Question\",\"name\":\"What were the return ratios reported with Mahindra & Mahindra Q2 Results?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Return on equity was 22.00% and return on capital employed was 16.29% in FY26, while the Q2 FY27 net profit of Rs 5,101.62 Cr should be read against them, as the factors section shows.\"}},{\"@type\":\"Question\",\"name\":\"What business factors shaped Mahindra & Mahindra Q2 Results FY27?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Business factors for Mahindra & Mahindra Q2 Results FY27 include 38.9% YoY net profit growth, an 11.5% net profit margin and FY26 return ratios, so the Key Business Factors section lists them in that order.\"}},{\"@type\":\"Question\",\"name\":\"What are the key risks after Mahindra & Mahindra Q2 Results FY27?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Risks include revenue down 4.0% YoY, debt of 1.43 times total assets in FY26 and revenue down 23.9% quarter on quarter, as the Key Risks section sets out in order.\"}},{\"@type\":\"Question\",\"name\":\"What is the outlook after Mahindra & Mahindra Q2 Results?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"FY27 full-year results will depend on later quarters, so these results are one data point, while the Outlook section compares future quarters with net profit of Rs 5,101.62 Cr and revenue of Rs 44,281.88 Cr.\"}},{\"@type\":\"Question\",\"name\":\"Where can I find the complete Mahindra & Mahindra Q2 Results FY27 data?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The complete data sits in the Financial Highlights table above, while the Univest Screener lets readers follow related figures, so this page remains the reference for the quarterly results and net profit.\"}}]}<\/script><br \/>\n<script type=\"application\/ld+json\" class=\"news-article-schema\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Mahindra & Mahindra Q2 Results FY27: PAT Jumps 38.88% to Rs 5,101.62 Cr, Revenue Rs 44,281.88 Cr\",\"description\":\"Mahindra & Mahindra Q2 Results: revenue \u20b944,281.88 Cr, PAT \u20b95,101.62 Cr. 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