Mahindra & Mahindra (M&M) posted a nearly 18% year-on-year rise in standalone net profit in the second quarter of FY26, helped by a strong growth in tractor and light truck volumes even as its mainstay, sport utility vehicles ( SUVs ), saw a relatively slower growth.

The Mumbai-based company recorded a net profit of Rs 4,521 crore, beating the Bloomberg estimate of Rs 3,979 crore. Its revenue from operations grew 21% to Rs 33,422, a tad below the Street estimate of Rs 33,887 crore. The company saw its tractor volumes surge 32% to 122,936 units and the SUV segment rise 7% to 146,000 units. Its light commercial vehicle segment grew 13% to 70,000 units.

Better realisations on sale of tractors, tighter internal cost control measures and a gain on the sale of investment helped push M&M’s m

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