5005202025-07-012025-09-305005202025-09-305005202025-03-315005202025-04-012025-09-305005202025-07-012025-09-30in-capmkt:OtherExpenses1Member5005202025-07-012025-09-30in-capmkt:OtherExpenses2Member5005202025-04-012025-09-30in-capmkt:OtherExpenses1Member5005202025-04-012025-09-30in-capmkt:OtherExpenses2Member5005202025-07-012025-09-30in-capmkt:ReportableSegments1Member5005202025-07-012025-09-30in-capmkt:ReportableSegments2Member5005202025-07-012025-09-30in-capmkt:ReportableSegments3Member5005202025-07-012025-09-30in-capmkt:ReportableSegments4Member5005202025-04-012025-09-30in-capmkt:ReportableSegments1Member5005202025-04-012025-09-30in-capmkt:ReportableSegments2Member5005202025-04-012025-09-30in-capmkt:ReportableSegments3Member5005202025-04-012025-09-30in-capmkt:ReportableSegments4Member5005202025-07-012025-09-30in-capmkt:ReportableSegments1Member5005202025-07-012025-09-30in-capmkt:ReportableSegments2Member5005202025-07-012025-09-30in-capmkt:ReportableSegments3Member5005202025-07-012025-09-30in-capmkt:ReportableSegments4Member5005202025-04-012025-09-30in-capmkt:ReportableSegments1Member5005202025-04-012025-09-30in-capmkt:ReportableSegments2Member5005202025-04-012025-09-30in-capmkt:ReportableSegments3Member5005202025-04-012025-09-30in-capmkt:ReportableSegments4Member5005202025-07-012025-09-30in-capmkt:ReportableSegments1Member5005202025-09-30in-capmkt:ReportableSegments1Member5005202025-07-012025-09-30in-capmkt:ReportableSegments2Member5005202025-09-30in-capmkt:ReportableSegments2Member5005202025-07-012025-09-30in-capmkt:ReportableSegments3Member5005202025-09-30in-capmkt:ReportableSegments3Member5005202025-07-012025-09-30in-capmkt:ReportableSegments4Member5005202025-09-30in-capmkt:ReportableSegments4Member5005202025-07-012025-09-30in-capmkt:ReportableSegments1Member5005202025-09-30in-capmkt:ReportableSegments1Member5005202025-07-012025-09-30in-capmkt:ReportableSegments2Member5005202025-09-30in-capmkt:ReportableSegments2Member5005202025-07-012025-09-30in-capmkt:ReportableSegments3Member5005202025-09-30in-capmkt:ReportableSegments3Member5005202025-07-012025-09-30in-capmkt:ReportableSegments4Member5005202025-09-30in-capmkt:ReportableSegments4Member5005202025-07-012025-09-30

ItemsThatWillNotBeReclassifiedToProfitAndLoss1

5005202025-04-012025-09-30

ItemsThatWillNotBeReclassifiedToProfitAndLoss1

5005202025-07-012025-09-30

ItemsThatWillBeReclassifiedToProfitAndLoss1

5005202025-04-012025-09-30

ItemsThatWillBeReclassifiedToProfitAndLoss1

5005202025-07-012025-09-30

AuditorDomain1

iso4217:INRxbrli:pureiso4217:INRxbrli:shares

500520

M&M

NOTLISTED

INE101A01026

Mahindra & Mahindra Limited

Main Board

Equity

2025-04-01

2026-03-31

2025-11-04

2025-09-25

INR

Crores

Quarterly

Second quarter

Multi segment

2025-11-04

11:33:00

2025-11-04

13:14:00

true

Cash Flow Indirect

Declaration of unmodified opinion

2025-07-01

2025-09-30

Unaudited

Consolidated

461056700000

6755100000

467811800000

278866500000

20445000000

-18216700000

31119900000

23470300000

16688900000

59551100000

411925000000

55886800000

20629700000

312100000

20941800000

34945000000

4692500000

39637500000

-86700000

39550800000

36733200000

2904300000

36440600000

3110200000

5584200000

32.9

32.51

32.9

32.51

0.05

5.44

36.6

1. Notes to the financial results: Please refer pdf file. 2.'Revenue from Operations' disclosed above inlcudes 'Revenue from Operations' and 'Income from investments related to subsidiaries, associates and joint ventures'. Quarter ended (01.07.2025 to 30.09.2025) : Rs.46,105.67 crores Revenue from Operations : Rs.45,885.40 crores Income from investments related to subsidiaries, associates and joint ventures : Rs.220.27 crores Half Year ended (01.04.2025 to 30.09.2025) : Rs.91,563.89 crores Revenue from Operations : Rs.91,321.38 crores Income from investments related to subsidiaries, associates and joint ventures : Rs.242.61 crores

2025-04-01

2025-09-30

Unaudited

Consolidated

915638900000

15924300000

931563200000

545972900000

41114000000

-22643100000

61565100000

47782200000

32164500000

118061100000

824016700000

107546500000

33348600000

268500000

33617100000

73929400000

9473900000

83403300000

2462300000

85865600000

77566400000

5836900000

79738200000

6127400000

5584200000

69.47

68.97

69.47

68.97

0.05

33.53

Debt Service Coverage Ratio is as below- Debt Service Coverage ratio (percentage) Quarter ended (01.07.2025 to 30.09.2025): 544 % Half Year ended (01.04.2025 to 30.09.2025): 900 % In the Consolidated results published, the debt service coverage ratio is expressed as a multiple (times), and not as a percentage. Debt debt service coverage ratio (times) is as below- Quarter ended (01.07.2025 to 30.09.2025): 5.44 Half Year ended (01.04.2025 to 30.09.2025): 9.00

Interest Service Coverage Ratio is as below- Interest Service Coverage ratio (percentage) Quarter ended (01.07.2025 to 30.09.2025): 3660% Half Year ended (01.04.2025 to 30.09.2025): 3353% In the Consolidated results published, the interest service coverage ratio is expressed as a multiple (times), and not as a percentage. Interest service coverage ratio (times) is as below- Quarter ended (01.07.2025 to 30.09.2025): 36.60 Half Year ended (01.04.2025 to 30.09.2025): 33.53

Loss from investments related to subsidiaries, associates and joint ventures

108200000

Other expenses

59442900000

Loss from investments related to subsidiaries, associates and joint ventures

1245100000

Other expenses

116816000000

278784900000

25697700000

25329900000

64083600000

50525500000

149124900000

52133400000

2243300000

812331200000

60305800000

927013700000

16181900000

47039600000

1583781700000

245884500000

162015500000

95415700000

29451400000

193202300000

507679500000

38115400000

1025879800000

73753500000

1345517800000

2929299500000

5584200000

822859500000

828443700000

152471300000

980915000000

767904700000

76784400000

844689100000

22863600000

20439700000

62415000000

950407400000

458646200000

8481400000

337737700000

346219100000

57710100000

862575400000

107057100000

14599500000

13745100000

997977100000

1948384500000

2929299500000

1. Other non-current assets of Rs. 4703.96 crores includes below; Income tax assets (net) - Rs. 1899.37 crores Other non-current assets - Rs. 2804.59 crores 2. Other non-current financial liabilities of Rs. 7678.44 crores includes below; Compulsory convertible preference shares - Rs. 3056.40 crores Lease liabilities - Rs. 3374.21 crores Other non-current financial liabilities - Rs. 1247.83 crores 3. Other current financial liabilities of Rs. 5771.01 crores includes below; Lease liabilities - Rs. 680.03 crores Other current financial liabilities - Rs. 5090.98 crores

Automotive

271708700000

Farm Equipment

102250100000

Financial Services

50156500000

Industrial Businesses and Consumer Services

50325700000

Automotive

531695800000

Farm Equipment

210456000000

Financial Services

99888800000

Industrial Businesses and Consumer Services

99331300000

474441000000

941371900000

13384300000

25733000000

461056700000

915638900000

Automotive

25381900000

Farm Equipment

16078100000

Financial Services

7516100000

Industrial Businesses and Consumer Services

8196900000

Automotive

46000000000

Farm Equipment

32388200000

Financial Services

14354000000

Industrial Businesses and Consumer Services

15080900000

57173000000

107823100000

1531100000

3075600000

-4937400000

-12272900000

60579300000

117020400000

Automotive

531899700000

Farm Equipment

200570700000

Financial Services

1462569100000

Industrial Businesses and Consumer Services

398961600000

2594001100000

335298400000

2929299500000

Automotive

324510800000

Farm Equipment

106981100000

Financial Services

1239509600000

Industrial Businesses and Consumer Services

171466100000

1842467600000

105916900000

1948384500000

The reportable segments are as follows: a)Automotive: This segment comprises of sale of automobiles, two wheelers, spares, construction equipments and related services; b)Farm Equipment: This segment comprises of sale of tractors, implements, spares, powerol and related services; c)Financial Services: This segment comprises of offering financial products ranging from retail and other loans, SME finance, housing finance, mutual funds and life and non-life insurance broking services; d)'Industrial Businesses and Consumer Services' segment in consolidated results comprises of all other segments like IT services, Real Estate, Hospitality, Logistics, Steel trading and processing, Renewables, After-market, Defence, Agri, etc. that individually do not meet the reporting thresholds. In the consolidated results, the reportable segments also include investments in associates and joint ventures in respective businesses.

3075600000

-35246000000

-26014200000

-72700900000

38045000000

32164500000

2960000000

8067100000

1307400000

-6590700000

-1176500000

-72242900000

35303600000

23272400000

12031200000

-499900000

5451300000

734096000000

669326200000

4437100000

6397800000

39567400000

1303200000

97357500000

157925300000

7964900000

8222100000

-25787100000

23098100000

2700000

293427700000

283178600000

4611500000

33761000000

1485000000

-6507600000

-20263500000

476000000

-19787500000

49238900000

29451400000

Items that will not be reclassified to profit or loss

-39600000

Items that will not be reclassified to profit or loss

226800000

-24800000

-53800000

Items that will be reclassified to profit or loss

-312800000

Items that will be reclassified to profit or loss

2101300000

-240900000

-80400000

-86700000

2462300000

Unaudited

true

BSR & Co LLP.

true

2028-07-31