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Mahindra & Mahindra Ltd. is set to announce its second quarter results on Tuesday. The auto giant is expected to report a strong rise in revenue for the September quarter, helped by healthy demand for passenger vehicles (PVs) and a recovery in tractor sales. However, higher discounts, cost pressures and an unfavourable product mix could weigh on profit margins, according to analysts. As per Bloomberg estimates, M&M’s standalone revenue for the second quarter of this fiscal is seen rising 17.2% year-on-year to Rs 33,886 crore, compared to Rs 28,919 crore last year.Net profit is expected to increase by 5.6% to Rs 3,979 crore. However, Operating income, or earnings before interest, taxes, depreciation, and amortization may decline 8.7% to Rs 4,811 crore, and margins are likely to narrow to 14.2% from 18.2% a year ago..October Auto Sales 2025: Maruti, Tata Motors, M&M Drive Record Sales On GST 2.0-Led Festive Demand.Revenue seen up 17.2% to Rs 33,886.55 crore vs Rs 28,919.34 crore.Ebitda seen down 8.7% to Rs 4,810.76 crore vs Rs 5,270.25 crore.Ebitda Margin seen at 14.2% vs 18.2%.Net profit seen up 5.6% at Rs 3,978.92 crore vs Rs 3,768.58 crore..Q2 Results This Week: Bharti Airtel, Adani Enterprises, M&M, SBI, Trent, Paytm, Suzlon, Nykaa And More.Brokerages expect mixed performance across segments. UBS said M&M could continue to outperform peers, supported by strong passenger vehicle volumes and steady tractor growth. JPMorgan is also more optimistic, forecasting 20% year-on-year Ebitda growth led by the tractor segment, with Escorts (ESC) expected to post an impressive 51% jump.BofA Securities expects operating profit to rise 19% year-on-year, aided by an early festive season that lifted tractor sales (EBIT up 48% year-on-year). However, auto EBIT growth may remain modest at 8%, with margins slipping due to higher promotional offers and an increasing share of electric vehicles (EVs). BofA values M&M at Rs 4,000 per share, factoring in growth potential from the farm equipment business and subsidiaries..Amitabh Kant Switches To Mahindra XEV9, Urges Shift To Homegrown EVs As Lokpal Floats Tender For BMWs.HSBC noted that while auto volumes grew 5% quarter-on-quarter, tractor sales declined 8% but rose about 32% year-on-year. It added that discounts increased across models, up to Rs 1.3 lakh for the Bolero, and that average selling prices fell about 3% sequentially due to a weaker product mix and festive schemes. The share of utility vehicles dropped by 550 basis points to 56%, while tractor volumes made up around 32% of total sales. Rising input costs for copper, aluminium and precious metals also added pressure. HSBC expects M&M’s EBITDA margin to fall by 60 basis points quarter-on-quarter, with both auto and farm divisions seeing a dip in profitability. Despite near-term headwinds, analysts remain positive about the company’s growth prospects, citing resilient demand, better rural sentiment, and a strong order book across segments..Q2 Results Live: Bharti Airtel Revenue Beats Estimates; Bharti Hexacom Profit Rises
