Mahindra Q4 PAT Up 42% YoY, ROE at 20%

Mahindra reported strong Q4 FY26 consolidated PAT growth of 42% YoY and full-year PAT growth of 35% with ROE of 20%.
Auto business achieved 19% volume growth and 80bps margin improvement while Farm grew 24% in volume with 150bps margin expansion.
Company outlined AI transformation initiatives across all businesses and provided detailed capacity expansion plans for automotive segment.
Mahindra Finance showed strong performance with 60% PAT growth and reduced GS3 ratio to 3.41% while TechM EBIT improved 290bps to 12.6%.