M&M Q2 FY27 Net Profit Up 25% YoY

Event Type: The document contains the transcript of the M&M Q2F27 Earnings Conference Call, an analyst/institutional investor meet held in hybrid mode in Mumbai.
Date and Time: The event was held on 5th November 2026. The specific time was not mentioned in the transcript.
Purpose: The meeting was conducted to discuss the Unaudited Standalone and Consolidated Financial Results for the second quarter and half year ended 30th September 2026.
Timing Relative to Earnings: The meeting was held after the earnings announcement, as referenced by previous submissions of the presentation (5th November 2026) and audio-video recording (5th November 2026).
Management Participants: Key participants included Dr. Anish Shah (Group CEO & MD), Mr. Rajesh Jejurikar (ED and CEO, Auto and Farm Sector), and Mr. Amarjyoti Barua (Group CFO). Other leaders present included Velusamy R, Veejay Nakra, Amit Kumar, Vinod Sahay, and Suman Mishra.
Availability of Materials: The transcript was made available on the company's website at the provided link: M&M Q2F27 Analyst Meet -Transcript.
UPSI Statement: The company explicitly stated that "only publicly available documents were referred to during the discussion and that no unpublished price sensitive information was shared during the aforesaid Earnings Call."

Financial Highlights and Guidance References:

The discussion covered Q2 FY27 results with consolidated revenue at ₹57,553 crores (up 25% YoY) and profit after tax at ₹4,588 crore (up 25% YoY).
Year-to-date profits were up 29%.
Auto sector grew 55% YoY, while Farm sector declined 9% YoY.
Management maintained FY27 guidance for SUV growth at mid-to-high teens and revised tractor industry outlook to flattish from +5% previously.
Forward-looking statements included capacity expansion plans (82,000 units by end-FY27, 92,000 by FY28, 132,000 by F31) and upcoming product launches (5 major launches before June 2027).
Commodity inflation was highlighted with steel up 17% YoY, copper up 42% YoY, and rubber up 40% YoY.
The company booked approximately ₹1,000 crores of PLI incentives in the quarter.

Attachments: The submission references previous communications including the intimation of the meet (15th October 2026), submission of presentation (5th November 2026), and submission of audio-video recording (5th November 2026). The transcript itself was the enclosure.
Financial Data Disclosure: Significant financial data was disclosed and discussed during the meeting, including revenue, profit, segment performance, margins, and guidance.