Also trades as: MHID.IL (IOB) · $vol 1M · MAHMF (OTC) · $vol 0M

₹2,860.00 ($29.70)

-90.00 (-3.05%)

Weekly Expected Move ±6.2%

₹20 ₹22 ₹23 ₹24 ₹26

NSE · Consumer Cyclical · Auto - Manufacturers · Tech Score Buy · Power 59 · ₹3.43T mcap · 821M float · 0.309% daily turnover

Revenue

$1.95T +25.2% ▲

5Y CAGR: +21.5%

Gross Profit

$472.7B -20.2% ▼

5Y CAGR: +5.4%

Operating Income

$275.1B +11.9% ▲

5Y CAGR: +27.9%

Net Income

$171.0B +32.3% ▲

5Y CAGR: +56.7%

EPS (Diluted)

$152.18 +32.3% ▲

5Y CAGR: +56.6%

EBITDA

$342.0B +2.1% ▲

5Y CAGR: +186.0%

View Full Income Statement

Line Item	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	$896.5B	$1.20T	$1.37T	$1.57T	$1.95T
YoY Growth	+21.8%	+34.3%	+14.0%	+14.5%	+25.2%
Cost of Revenue	$667.6B	$746.5B	$842.0B	$963.8B	$1.48T
Gross Profit	$228.9B	$443.9B	$516.0B	$592.7B	$472.7B
Gross Margin	25.5%	36.9%	37.6%	37.7%	24.3%
R&D Expenses	$120M	$306M	$273M	$320M	$0
SG&A Expenses	$1.3B	$1.4B	$1.5B	$1.5B	$114.3B
Operating Expenses	$124.3B	$284.1B	$319.9B	$346.9B	$197.6B
Operating Income	$104.6B	$151.3B	$185.0B	$230.7B	$275.1B
Operating Margin	11.7%	12.6%	13.5%	14.7%	14.1%
Interest Expense	$50.2B	$58.3B	$74.9B	$90.8B	$95.9B
Income Before Tax	$93.6B	$140.6B	$159.8B	$190.8B	$251.8B
Tax Expense	$21.1B	$26.9B	$37.1B	$50.1B	$65.6B
Net Income	$65.8B	$102.8B	$112.7B	$129.3B	$171.0B
Net Margin	7.3%	8.5%	8.2%	8.2%	8.8%
EPS (Diluted)	$58.83	$91.96	$100.70	$115.06	$152.18
EBITDA	$160.3B	$2.4B	$268.8B	$321.8B	$342.0B
Shares Outstanding	1.12B	1.12B	1.12B	1.12B	276M

Line Item	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2	FY2026 Q3	FY2026 Q4
Revenue	$372.2B	$376.9B	$414.6B	$394.8B	$454.4B	$458.9B	$515.8B	$548.9B
Cost of Revenue	$221.6B	$226.8B	$251.3B	$264.0B	$283.3B	$328.9B	$321.5B	$343.3B
Gross Profit	$111.3B	$150.1B	$163.4B	$130.8B	$171.0B	$130.0B	$194.3B	$205.6B
Gross Margin	29.9%	39.8%	39.4%	33.1%	37.6%	28.3%	37.7%	37.5%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$321M	$316M	$337M	$46.8B	$30.4B	$59.4B	$64.6B	$2.0B
Operating Expenses	$90.6B	$94.1B	$52.3B	$66.1B	$103.3B	$59.4B	$119.6B	-$84.7B
Operating Income	$48.5B	$56.0B	$67.3B	$64.6B	$67.7B	$70.5B	$74.8B	$62.1B
Operating Margin	13.0%	14.8%	16.2%	16.4%	14.9%	15.4%	14.5%	11.3%
Interest Expense	$21.1B	$22.2B	$23.6B	$24.0B	$24.3B	$23.5B	$24.1B	-$62.9B
Income Before Tax	$46.2B	$47.4B	$50.9B	$46.3B	$56.4B	$60.6B	$65.7B	$69.1B
Tax Expense	$10.8B	$13.8B	$14.7B	$10.8B	$12.7B	$20.9B	$15.5B	$16.5B
Net Income	$32.8B	$31.7B	$31.8B	$33.0B	$40.8B	$36.7B	$46.7B	$46.7B
Net Margin	8.8%	8.4%	7.7%	8.3%	9.0%	8.0%	9.1%	8.5%
EPS (Diluted)	$29.32	$28.31	$28.40	$29.03	$36.43	$32.80	$41.69	$41.48
EBITDA	$76.5B	$77.7B	$86.4B	$88.2B	$96.2B	$96.0B	$111.4B	$101.3B
Shares Outstanding	1.12B	1.12B	1.12B	1.12B	1.12B	1.12B	1.12B	276M

M&M.NS NSE