Mahindra & Mahindra , a leading Indian multinational automotive manufacturing corporation, has announced strong quarterly results for Q1 and the unfortunate passing of its Lead Independent Director.

Financial Performance

Mahindra & Mahindra reported robust financial results for the quarter:

• Consolidated Profit After Tax (PAT) grew by 24%
• Revenue increased by 22%
• Auto segment showed SUV volume growth of 22% with revenue market share reaching 27.30%
• Farm segment achieved 10% volume growth with a market share of 45.20%
• Tech Mahindra's EBIT margin recovered to 11.10%
• Mahindra & Mahindra Financial Services Limited (MMFSL) maintained stable asset quality with 15% AUM growth
• The company's Return on Equity (ROE) reached 20.60% on an annualized basis

Passing of T.N. Manoharan

Mahindra & Mahindra announced the passing of Lead Independent Director T.N. Manoharan on July 30. Manoharan, a Padma Shri awardee, had served as an Independent Director since November 2016 and as Lead Independent Director since August 2024.

Board Meeting and Results Announcement

The company had previously announced a change in its schedule for the Q1 results announcement, moving it forward by one day to July 30. The Board of Directors meeting was held on this date to consider and approve the unaudited standalone and consolidated financial results for the quarter ended June 30.

Market Expectations

Prior to the results announcement, market analysts and brokerages had anticipated strong year-on-year growth in both revenue and profit. This optimistic outlook was primarily driven by expectations of robust volume growth in Mahindra & Mahindra's automotive and tractor segments.

Trading Window Closure

Despite the change in the Board meeting date, the company had clarified that there would be no alteration to the Trading Window Closure period. The trading window remains closed from July 1 to August 2 (both days inclusive), in accordance with the company's Code of Conduct for Prevention of Insider Trading in Securities.

Recent Corporate Developments

In a separate development, Mahindra & Mahindra recently executed amendment agreements related to its proposed acquisition of SML Isuzu Limited. On July 29, the company signed amendment agreements with Sumitomo Corporation and Isuzu Motors Limited, modifying certain provisions of their respective Share Purchase Agreements dated April 26.

These amendments primarily involve:

1. Appointment of Mahindra & Mahindra's nominee as a 'key managerial personnel' of SML Isuzu on the closing date
2. Modifications in the delivery schedule for procuring supply of certain identified parts
3. Changes in timelines and procedures for effecting the name change of SML Isuzu

The strong quarterly results, coupled with ongoing strategic moves in the automotive sector, demonstrate Mahindra & Mahindra's robust performance and growth trajectory in the face of challenging market conditions.

Mahindra & Mahindra , a leading Indian automotive manufacturer, has made two significant announcements regarding its upcoming financial results and a strategic acquisition.

Q1FY26 Results Announcement Preponed

Mahindra & Mahindra has revised the date for its Board of Directors meeting to approve the Q1FY26 financial results. Originally scheduled for July 31, 2025, the meeting will now take place on July 30, 2025. The company cited "certain exigencies" as the reason for this change in a regulatory filing.

Key points regarding the financial results announcement:

• The Board will consider and approve unaudited standalone and consolidated financial results for the quarter ended June 30, 2025.
• An earnings call for investors and analysts is still scheduled for July 31, 2025, from 6:30 p.m. to 7:30 p.m.
• The trading window for designated persons remains closed from July 1 to August 2, 2025, unchanged despite the preponed board meeting.

Update on SML Isuzu Acquisition

In a separate announcement, Mahindra & Mahindra provided updates on its proposed acquisition of SML Isuzu Limited. The company has executed amendment agreements with Sumitomo Corporation and Isuzu Motors Limited on July 29, 2025. These amendments relate to the Share Purchase Agreements signed on April 26, 2025, for acquiring a total of 58.96% stake in SML Isuzu.

Key modifications in the agreements include:

1. Appointment of Mahindra & Mahindra's nominee as a 'key managerial personnel' of SML Isuzu on the closing date.
2. Changes in the delivery schedule for procuring certain identified parts from Sumitomo Corporation or its affiliates for current SML Isuzu vehicles.
3. Adjustments to the timelines and process for passing resolutions to change SML Isuzu's name.

The open offer to acquire up to 26% additional stake in SML Isuzu from public shareholders at Rs 1,554.60 per share remains in place.

Recent Stock Performance

Mahindra & Mahindra's stock has shown mixed performance recently:

For context, in Q4FY25, Mahindra & Mahindra reported a 13.3% year-on-year increase in consolidated net profit to Rs 3,541.85 crore, while total income rose 21% to Rs 43,301.04 crore.

Investors and analysts will be keenly watching the upcoming Q1FY26 results for insights into the company's performance and future outlook.