Financials in USD. Standardized financial statements.
A compact view of how Mahindra & Mahindra Limited turns revenue into operating income and net income.
| Metric | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $2.09T | $1.59T | $1.41T | $1.19T | $909.45B | $751.20B | $743.04B | $1.03T | $907.70B | $820.69B |
| Revenue Growth? | +31.7% | +12.6% | +18.4% | +30.9% | +21.1% | +1.1% | -27.9% | +13.5% | +10.6% | 0.0% |
| Cost of Revenue? | $1.50T | $957.43B | $842.02B | $746.46B | $524.45B | $388.55B | $383.68B | $601.96B | $524.08B | $494.47B |
| Gross Profit? | $585.72B | $630.07B | $516.01B | $443.95B | $384.99B | $362.65B | $359.36B | $437.15B | $383.62B | $326.22B |
| Gross Margin? | +28.0% | +39.7% | +36.6% | +37.3% | +42.3% | +48.3% | +48.4% | +42.4% | +42.3% | +39.7% |
| Operating Expenses? | $267.53B | $389.93B | $319.91B | $284.06B | $1.67B | $96.34B | $261.11B | $316.03B | $284.16B | $247.01B |
| Operating Income? | $318.20B | $240.14B | $419.64B | $338.53B | $1.40B | $266.32B | $98.25B | $112.15B | $99.46B | $79.21B |
| EBITDA? | $395.24B | $342.37B | $247.50B | $194.40B | $140.42B | $1.83B | $155.60B | $177.70B | $164.85B | $128.47B |
| Income Before Tax | $265.01B | $190.80B | $159.78B | $140.60B | $93.62B | $53.48B | $16.55B | $88.71B | $103.26B | $63.50B |
| Income Tax Expense | $69.06B | $50.06B | $37.08B | $26.86B | $21.09B | $16.46B | $19.76B | $28.54B | $23.68B | $23.00B |
| Net Income? | $179.92B | $129.29B | $112.69B | $102.81B | $65.77B | $18.12B | $1.27B | $53.15B | $75.10B | $36.98B |
| EPS? | $160.84 | $115.91 | $101.12 | $92.41 | $59.20 | $0.22 | $1.15 | $48.91 | $69.20 | $34.16 |
| Diluted EPS? | $160.84 | $115.06 | $100.70 | $91.96 | $58.83 | $0.22 | $1.04 | $48.70 | $68.86 | $33.98 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality