India's Mahindra & Mahindra beats quarterly profit view

Mahindra And Mahindra

05/05/2026 07:54

May 5 (Reuters) - Indian automaker Mahindra & Mahindra MAHM.NS beat fourth-quarter profit estimates on Tuesday, driven by steady demand for its high-margin sport-utility vehicles and tractors.

Standalone profit after tax rose to 37.37 billion rupees ($391.89 million) for the quarter ended March 31, from 24.37 billion rupees a year earlier, the Scorpio SUV maker said.

Analysts, on average, expected a profit of 34.32 billion rupees, per data compiled by LSEG.

($1 = 95.3588 Indian rupees)

 (Reporting by Kashish Tandon in Bengaluru; Editing by Nivedita Bhattacharjee)

 ((Kashish.Tandon@thomsonreuters.com; 8800437922;))