India's Mahindra and Mahindra reverses losses on profit beat, SUV share increases

Mahindra And Mahindra

05/05/2026 09:48

** Shares of India's Mahindra and Mahindra MAHM.NS reverse course to rise 1.8% to 3162 rupees

** Automaker beats fourth-quarter profit estimates, driven by steady demand for its high-margin sports utility vehicles (SUV) and tractors

** Posts profit of 37.37 billion rupees ($391.7 million), above analysts' expectation of 34.32 billion rupees, per data complied by LSEG

** Rev up 26% to 395.54 billion rupees, surpassing analysts' estimates of 384.02 billion rupees.

** Stock was down around 0.3% ahead of the results

** In Q4, SUV revenue share increased 60 bps y/y, MAHM says

** Stock down 15% so far in 2026 vs ~8% drop in Nifty Auto Index .NIFTYAUTO

($1 = 95.3963 Indian rupees)

 (Reporting by Surbhi Misra in Bengaluru)

 ((Surbhi.Misra@thomsonreuters.com |  X: https://twitter.com/SurbhiMisra_  |;))