Mahindra & Mahindra Limited (LUX:MHNDR)
Luxembourg flag Luxembourg · Delayed Price · Currency is EUR · Price in USD
37.40
-0.80 (-2.09%)
At close: Feb 27, 2026

Mahindra & Mahindra Income Statement

Millions INR. Fiscal year is Apr - Mar.
Fiscal Year
TTM FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 2020 - 2016
Period Ending
Dec '25 Mar '25 Mar '24 Mar '23 Mar '22 Mar '21 2020 - 2016
Operating Revenue
1,652,3581,404,5391,226,2731,086,549901,706742,778
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Other Revenue
236,541204,121183,057136,2237,7408,422
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Revenue
1,888,8981,608,6611,409,3301,222,772909,446751,200
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Revenue Growth (YoY)
23.06%14.14%15.26%34.45%21.07%-1.40%
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Cost of Revenue
1,153,245967,066843,911747,030524,451388,548
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Gross Profit
735,653641,594565,419475,742384,995362,653
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Selling, General & Admin
141,749128,991123,027112,06097,01687,653
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Other Operating Expenses
213,800190,561174,597150,743133,410129,812
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Operating Expenses
424,475375,133342,986306,090265,453251,136
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Operating Income
311,178266,461222,433169,652119,542111,517
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Interest Expense
-93,504-88,538-73,340-56,995-49,146-59,904
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Earnings From Equity Investments
16,42315,06610,88514,51618,55812,767
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Other Non Operating Income (Expenses)
2,9622,9621,6751,215570.3790.1
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EBT Excluding Unusual Items
237,059195,951161,653128,38889,52465,170
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Impairment of Goodwill
-792.4-792.4-325.2-1,221--1,929
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Asset Writedown
-4,362-4,362-1,550-10,013-1,286-12,594
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Other Unusual Items
-2,929--23,4495,3792,830
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Pretax Income
228,975190,796159,778140,60293,61853,477
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Income Tax Expense
59,93850,06537,08026,85821,08816,458
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Earnings From Continuing Operations
169,037140,732122,698113,74572,53037,019
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Earnings From Discontinued Operations
------21,895
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Net Income to Company
169,037140,732122,698113,74572,53015,124
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Minority Interest in Earnings
-11,772-11,441-10,012-10,930-6,7573,001
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Net Income
157,265129,291112,686102,81565,77318,125
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Net Income to Common
157,265129,291112,686102,81565,77318,125
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Net Income Growth
26.95%14.74%9.60%56.32%262.89%1326.71%
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Shares Outstanding (Basic)
1,1171,1151,1141,1131,1111,109
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Shares Outstanding (Diluted)
1,1221,1201,1191,1171,1161,114
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Shares Change (YoY)
0.22%0.09%0.13%0.16%0.10%0.48%
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EPS (Basic)
140.85115.91101.1492.4159.2016.34
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EPS (Diluted)
139.75115.06100.7091.9658.8316.15
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EPS Growth
26.33%14.26%9.51%56.31%264.30%1457.72%
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Free Cash Flow
--72,161-155,759-133,78632,078106,666
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Free Cash Flow Per Share
--64.45-139.22-119.7428.7595.72
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Dividend Per Share
-25.30021.10016.25011.5508.750
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Dividend Growth
-19.91%29.85%40.69%32.00%272.34%
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Gross Margin
38.95%39.88%40.12%38.91%42.33%48.28%
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Operating Margin
16.47%16.56%15.78%13.87%13.15%14.85%
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Profit Margin
8.33%8.04%8.00%8.41%7.23%2.41%
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Free Cash Flow Margin
--4.49%-11.05%-10.94%3.53%14.20%
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EBITDA
345,485296,807247,497194,402140,422131,066
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EBITDA Margin
18.29%18.45%17.56%15.90%15.44%17.45%
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D&A For EBITDA
34,30730,34625,06524,75020,88019,549
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EBIT
311,178266,461222,433169,652119,542111,517
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EBIT Margin
16.47%16.56%15.78%13.87%13.15%14.85%
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Effective Tax Rate
26.18%26.24%23.21%19.10%22.53%30.78%
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Revenue as Reported
1,894,1561,613,9191,412,5471,225,289911,051753,109
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Advertising Expenses
-14,27113,12312,04310,4297,193
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Source: S&P Capital IQ. Standard template. Financial Sources.