Auto Manufacturers
Mahindra & Mahindra Limited (M&M) Q1 FY27: Consolidated PAT Up 34%, Roe at 23%
Mahindra & Mahindra Limited (M&M) reported consolidated PAT of Rs 5,455 cr, up 34% YoY for Q1 FY27, with RoE at 23%.
Mahindra & Mahindra Limited (M&M) reported consolidated PAT of Rs 5,455 crore, up 34% year-on-year for Q1 FY27, with return on equity (RoE) at 23%. The company’s diversified portfolio and proactive actions enabled it to navigate through a challenging macroeconomic environment. The Auto and Farm sectors continued to deliver strong results, while Tech Mahindra and Mahindra Financial Services also made notable progress.
Automotive Sector Performance
The Auto business saw quarterly volumes at 304k, up 23% including sales by LMM & MEAL. The SUV revenue market share stood at 25.0%, and standalone PBIT margin excluding eSUV contract manufacturing was 8.3%.
Farm Equipment Sector
The Farm business achieved a market share of 44.9% and volume growth of 18%. Standalone PBIT was Rs 2,028 crore, up 11%, although the PBIT margin declined by 130 bps.
Financial Services and Tech Mahindra
MMFSL AUM grew by 13% with GS3 at 3.45%, and Tech Mahindra’s EBIT margin improved by 330 bps. Tech Mahindra’s PAT grew by 28%.
Commenting on the performance, Dr. Anish Shah, Group CEO & Managing Director, M&M Ltd. said, ‘We are delighted to report a strong start to FY27, despite a quarter marked by macro headwinds. The strength of our diversified portfolio coupled with proactive actions to navigate through this challenging environment has enabled us to deliver strong results.’ Mr. Rajesh Jejurikar, Executive Director & CEO (Auto and Farm Sector), M&M Ltd. added, ‘Auto and Tractor business demonstrated strong resilience in Q1 FY27.’ Mr. Amar Jyoti Barua, Group Chief Financial Officer, M&M Ltd. concluded, ‘We are pleased to report resilient performance across our businesses in Q1 FY27 recording a PAT growth of 34%.’
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Mahindra & Mahindra Limited
Mahindra & Mahindra Limited belongs to the Consumer Cyclical › Auto Manufacturers sector. Here’s a quick read on where the business and the stock stand today.
Mahindra moves sideways over three months, with neither buyers nor sellers taking control. Thin margins at 8.5% leave limited room for error — any demand softness or cost spike hits the bottom line hard. The business compounds revenue at 17.5% and profits at 18.5% CAGR. That is strong double-digit growth on both counts. The stock holds at 34% of its 52-week range with RSI at 56. In other words, neither side has a clear edge right now. Revenue grows at 17.5% and profits at 18.5%. The business is in good shape. Moreover, a stock that does not move despite strong fundamentals often offers better value than one already priced for perfection. Check Fundamentals of Mahindra & Mahindra Limited.
Auto Manufacturers
Tvs Motor Company Limited Launches Latest Ronin Series Inspired by Agonda Beach
TVS Motor Company Limited (TVSMOTOR) strengthens its modern-retro line with the launch of the latest Ronin series inspired by Agonda Beach.
TVS Motor Company Limited (TVSMOTOR) has officially introduced the TVS Ronin Agonda, the latest series in the TVS Ronin lineup, inspired by the custom-modification style of Agonda Beach. The launch was held at Jimbaran Resto, Ancol, Jakarta, and was attended by media, dealers, and key opinion leaders. The Ronin Agonda is a true interpretation of a modern-retro motorcycle that combines the toughness of adventure riding with coastal custom aesthetics.
Unique Features of the Ronin Agonda
The TVS Ronin Agonda belongs to the Base Variant and is equipped with four features that support riding safety and comfort: Single Channel ABS (front wheel), Rain Mode and Urban Mode, Glide Through Technology (GTT), and a Slipper Clutch. In Indonesia, the TVS Ronin is available in two variants: Top Variant and Base Variant. Both variants come with Glide Through Technology, a Slipper Clutch, and a choice of Rain and Urban riding modes.
Strategic Expansion for TVS Motor Company
Anthony Ho, Regional Business Head of TVS Motor Company for Indonesia and Singapore, stated that the arrival of this model is a strategic step for the company. ‘The arrival of the TVS Ronin Agonda in Indonesia is a strategic step for us to expand the TVS portfolio. Over the past three years, the TVS Ronin has been well received by Indonesian consumers, as shown by the many awards it has won from 2024 to the present. We hope that the TVS Ronin Agonda will meet the enthusiasm of modern-retro motorcycle fans, as well as adventure and modification enthusiasts in Indonesia,’ he said.
Looking ahead, TVS Motor Company Limited aims to continue its commitment to strengthening the modern-retro lineup in Indonesia and beyond, ensuring that it remains a preferred choice for adventure and custom motorcycle enthusiasts.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of TVS Motor Company Limited
TVS Motor Company Limited belongs to the Consumer Cyclical › Auto Manufacturers sector. Here’s a quick read on where the business and the stock stand today.
TVS rises 13.2% over three months, with buying pressure holding steady. D/E reaches 3.03. High leverage in this environment is a material risk the market cannot ignore. Thin margins at 5.7% leave limited room for error — any demand softness or cost spike hits the bottom line hard. The stock holds at 69% of its 52-week range with RSI at 54. In other words, neither side has a clear edge right now. Revenue grows at 20.2% and profits at 31.5%. The business is in good shape. Moreover, a stock that does not move despite strong fundamentals often offers better value than one already priced for perfection. Check Fundamentals of TVS Motor Company Limited.
Auto Manufacturers
Maruti Suzuki India Limited (maruti) Reaches EV Export Milestone: Surpasses 50,000 Units
Maruti Suzuki India Limited (MARUTI) announces surpassing 50,000 EV exports, leading India’s electric vehicle exports in FY 2026-27.
Maruti Suzuki India Limited (MARUTI) has achieved a significant milestone by surpassing 50,000 units in electric vehicle (EV) exports since the commencement of global shipments in August 2025. This achievement underscores Maruti Suzuki’s position as India’s No. 1 EV exporter and highlights its leadership in the electric vehicle market. The company has shipped EVs to about 50 countries, with Europe being the largest destination.
Leadership in EV Exports
In FY 2025-26, Maruti Suzuki was India’s top exporter of EVs and maintained this leadership position during April-September 2026-27. Notably, in the first half of FY 2026-27, Maruti Suzuki accounted for nearly 93% of India’s electric passenger vehicle exports. This milestone reflects India’s advanced manufacturing capabilities and its growing competitiveness in the global EV market.
Expansion and Investment
The success of Maruti Suzuki’s EV exports is deeply rooted in its Hansalpur facility in Gujarat, which is the exclusive manufacturing base for Suzuki’s first global Battery Electric Vehicle. The facility recently expanded to an annual production capacity of 1 million vehicles, becoming the first Suzuki manufacturing facility globally to reach this capacity at a single location. With a cumulative investment of INR 252,887 million, Hansalpur is also a key export hub, accounting for nearly half of Maruti Suzuki’s overall overseas shipments in FY 2025-26.
As Maruti Suzuki continues to lead in EV exports, it remains committed to its ‘Make in India, Make for the World’ initiative, further solidifying its role as a global leader in sustainable mobility solutions.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Maruti Suzuki India Limited
Maruti Suzuki India Limited belongs to the Consumer Cyclical › Auto Manufacturers sector. Here’s a quick read on where the business and the stock stand today.
Maruti drops 16.8% over three months and trades near its 52-week lows. Thin margins at 7.3% leave limited room for error — any demand softness or cost spike hits the bottom line hard. The business compounds revenue at 15.9% and profits at 21.1% CAGR. That is strong double-digit growth on both counts. The stock sits at 6% of its 52-week range, close to annual lows. Historically, value investors build positions at these levels — though cheap stocks can stay cheap. The business compounds at 15.9% revenue and 21.1% profit CAGR, with D/E of 0.00. Yet the stock drops 16.8% in three months. The business does not deteriorate — the stock does. That gap is what long-term investors look for. Check Fundamentals of Maruti Suzuki India Limited.
Auto Manufacturers
Hero Motocorp Limited (heromotoco) Q2 Fy’27: Revenue Up 23%, PAT Grows 41%
Hero MotoCorp Limited (HEROMOTOCO) reports Q2 FY’27 revenue of Rs. 14,971 cr, PAT up 41% YoY.
Hero MotoCorp Limited (HEROMOTOCO) announced its financial results for the second quarter (July–September 2026) and half year (April–September 2026) of FY’27, delivering strong performance across all its segments including premium, scooter, electric mobility, global business and commuter.
Quarterly Performance
The company delivered robust financial performance, recording a 23% growth in consolidated revenue in Q2 FY’27. Consolidated revenue grew 23% YoY to Rs. 14,971 Crore from Rs. 12,218 Crore in Q2 FY’26. Profit after tax (PAT) stood at Rs. 1,861 Crore, reflecting a 41% YoY growth.
Half-Year Performance
The Company reported revenue and PAT of Rs. 28,097 Crore and Rs. 3,278 Crore, respectively (growth of 28% and 8% over H1 FY’26). Despite commodity headwinds, EBITDA margins held steady at 13.4%, translating to an EBITDA of Rs. 1,968 Crore and a growth of 8% over previous year. PAT grew by 5% YoY to Rs. 1,456 Crore.
Looking Ahead
Commenting on the performance, Harshavardhan Chitale, Chief Executive Officer, Hero MotoCorp said, “We delivered a strong performance this quarter, with scooters emerging as a key growth contributor, supported by healthy momentum across both, ICE and VIDA electric portfolio. This reflects the strength of our product offerings and our ability to respond to evolving customer aspirations across segments. Our 100cc motorcycle segment also continued to contribute to overall growth, underscoring the resilience of our portfolio. Going forward, our focus remains on sustaining this positive momentum, driving profitable growth and building a more diversified and future-ready business.”
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Hero MotoCorp Limited
Hero MotoCorp Limited belongs to the Consumer Cyclical › Auto Manufacturers sector. Here’s a quick read on where the business and the stock stand today.
Hero posts a 6.4% three-month gain, but softens in the last few weeks. The PEG of 0.71 signals undervaluation relative to growth. It is a potential re-rating candidate. D/E stands at 0.00 with a 3.55% dividend yield. Furthermore, the business records zero revenue dips and zero loss quarters in five years — a fortress balance sheet. The stock gives back 0.2% in the last month despite a positive three-month run. As a result, the earlier momentum appears to be fading. Revenue grows at 11.7% and profits at 26.9%, and the dividend yield stands at 3.55%. The business is in good shape. Moreover, a stock that does not move despite strong fundamentals often offers better value than one already priced for perfection. Check Fundamentals of Hero MotoCorp Limited.
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