Mahindra & Mahindra Financial Statements

Mahindra & Mahindra (M&M) reported revenue of ₹1,986.39B in FY2026 with net income of ₹186.22B. Total assets stood at ₹3,176.35B. Net worth was ₹930.96B (₹93,096 Cr) and free cash flow was ₹20.52B.

Mahindra & Mahindra Income Statement

Hover the chart icon for year-over-year change.

FY 2025 – FY 2026

Item	Chart	2025	2026
Revenue		1,592.11B	1,986.39B
Cost of Rev. Cost of Revenue		-957.43B	-1,229.22B
Gross Profit		634.68B	757.16B
SGA Sales, General & Admin		-329.50B	-387.36B
Op. Income Operating Income		244.45B	296.58B
PBT Profit Before Tax		175.42B	251.85B
Net Income		140.73B	186.22B
Dil. Shares Diluted Shares		1.12B	1.12B
Diluted EPS		115.06	152.18

Figures in ₹ — millions (M), billions (B), trillions (T). EPS is earnings per share.

Understanding the Income Statement

The income statement shows Mahindra & Mahindra's revenue and expenses over a period. Revenue minus costs gives gross profit; after operating expenses, interest, and taxes, the remainder is net income. Diluted EPS divides net income by all shares that could exist if options and convertibles were exercised.

Mahindra & Mahindra Balance Sheet

Hover the chart icon for year-over-year change.

FY 2025 – FY 2026

Item	Chart	2025	2026
Curr. assets Total current assets		1,265.73B	1,471.84B
Non-curr. assets Total non-current assets		1,510.13B	1,704.50B
Total assets		2,775.86B	3,176.35B
Curr. liabilities Total current liabilities		903.22B	1,160.99B
Non-curr. liab. Total non-current liabilities		981.66B	920.45B
Total liabilities		1,884.88B	2,081.44B
Total equity		890.98B	1,094.91B
Total liab. & eq. Total liabilities & equity		2,775.86B	3,176.35B

Figures in ₹ — millions (M), billions (B), trillions (T).

Understanding the Balance Sheet

The balance sheet captures Mahindra & Mahindra's financial position at a point in time — what it owns (assets), what it owes (liabilities), and the residual value to shareholders (equity). Total assets always equals total liabilities plus equity.

Mahindra & Mahindra Cash Flow Statement

Hover the chart icon for year-over-year change.

FY 2025 – FY 2026

Item	Chart	2025	2026
Net Income		175.42B	235.13B
Operating CF Cash flow Operating Activities		31.76B	116.57B
Capex Investments in PPE		-103.92B	-96.05B
Investing CF Cash flow Investing Activities		-186.26B	-177.07B
Dividend Paid		-23.49B	-28.21B
Financing CF Cash flow Financing Activities		158.34B	53.91B
Cash (start) Cash at beginning of period		45.30B	49.24B
Cash (end) Cash at end of period		49.24B	42.92B
FCF Free Cash Flow		-72.16B	20.52B

Figures in ₹ — millions (M), billions (B), trillions (T).

Understanding Cash Flow

The cash flow statement tracks how Mahindra & Mahindra's cash moves through operations, investing, and financing activities. Free cash flow — operating cash minus capital expenditure — shows what is available to return to shareholders.

Data from audited consolidated filings. For educational purposes only — not investment advice. Last update: Mar-2026