Results Snapshot
Figures in Cr
Consolidate Annual Results
Mar'26
Mar'25
Mar'24
Mar'23
Mar'22
Mar'21
Mar'20
Net Sales
1,98,638.55
1,59,210.82
1,39,078.27
1,21,361.96
90,170.57
74,277.78
95,179.09
Other Operating Income
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Total Operating income
1,98,638.55
1,59,210.82
1,39,078.27
1,21,361.96
90,170.57
74,277.78
95,179.09
Raw Material Cost
1,13,553.14
88,111.05
77,848.82
68,477.97
46,265.48
32,797.56
45,166.73
Purchase of Finished goods
8,670.45
7,643.85
7,221.25
7,541.90
6,399.37
5,473.64
6,566.05
(Increase) / Decrease In Stocks
698.79
-12.18
-1,455.32
-2,032.31
-861.66
135.59
831.54
Employee Cost
12,730.62
11,126.17
10,624.33
9,677.95
8,386.74
7,813.26
11,211.90
Power Cost
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Manufacturing Expenses
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Selling and Distribution Expenses
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Other Expenses
-1,35,653.00
21,823.74
19,947.26
17,371.62
15,297.79
14,381.18
18,838.60
Total Expenditure (Excl Depreciation)
0.00
1,28,692.63
1,14,186.34
1,01,037.13
75,487.72
60,601.23
82,614.82
Operating Profit (PBDIT) excl Other Income
1,98,638.55
30,518.19
24,891.93
20,324.83
14,682.85
13,676.55
12,564.27
Other Income
0.00
2,181.05
2,176.42
1,166.95
934.51
1,033.11
1,062.59
Operating Profit (PBDIT)
0.00
32,699.24
27,068.35
21,491.78
15,617.36
14,709.66
13,626.86
Interest
9,590.85
9,083.39
7,488.21
5,829.70
5,018.05
6,102.22
6,064.65
Exceptional Items
-292.94
0.00
0.00
1,249.52
414.17
-1,158.26
-1,973.89
Gross Profit (PBDT)
0.00
23,615.85
19,580.14
16,911.60
11,013.48
7,449.18
5,588.32
Depreciation
7,322.02
6,073.65
4,723.78
4,356.81
3,507.50
3,378.11
4,976.29
Profit Before Tax
-1,964.91
17,542.20
14,856.36
12,554.79
7,505.98
4,071.07
612.03
Tax
0.00
5,006.45
3,707.97
2,685.75
2,108.76
1,645.81
1,975.61
Provisions and contingencies
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Profit After Tax
16,656.80
12,535.75
11,148.39
9,869.04
5,397.22
2,425.26
-1,363.58
Extraordinary Items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Prior Period Expenses
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Other Adjustments
0.00
0.00
0.00
0.00
0.00
-2,189.53
0.00
Net Profit
16,656.80
12,535.75
11,148.39
9,869.04
5,397.22
235.73
-1,363.58
Share in Profit of Associates
1,964.91
1,537.42
1,121.43
1,505.44
1,855.79
1,276.66
1,042.58
Minority Interest
-1,522.86
-1,144.07
-1,001.18
-1,092.98
-675.69
300.10
448.04
Other related items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Consolidated Net Profit
17,098.85
12,929.10
11,268.64
10,281.50
6,577.32
1,812.49
127.04
Equity Capital
558.78
558.15
557.38
556.82
556.06
555.15
554.28
Face Value
5.0
5.0
5.0
5.0
5.0
5.0
5.0
Reserves
92,537.57
76,480.71
65,633.17
55,808.97
46,566.58
41,026.77
39,415.03
Earnings per share (EPS)
153.0
115.82
101.09
92.32
59.14
16.32
1.15
Diluted Earnings per share
152.18
115.06
100.7
91.96
58.83
16.15
1.04
Operating Profit Margin (Excl OI)
0.0%
19.22%
18.0%
16.76%
16.28%
18.41%
13.2%
Gross Profit Margin
0.0%
14.88%
14.16%
13.95%
12.21%
10.03%
5.87%
PAT Margin
9.41%
8.87%
8.87%
9.38%
8.04%
4.98%
-0.34%
Public Share Holdings (%)
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Pledged Promotor Holding (%)
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Annual Analysis Highlights
Net Sales
YoY Growth in year ended Mar 2026 is 24.76% vs 14.48% in Mar 2025
Consolidate Net Profit
YoY Growth in year ended Mar 2026 is 32.25% vs 14.74% in Mar 2025
Operating Profit (PBDIT) excl Other Income
YoY Growth in year ended Mar 2026 is -100.00% vs 22.60% in Mar 2025
Interest
YoY Growth in year ended Mar 2026 is 5.59% vs 21.30% in Mar 2025
Operating Profit Margin (Excl OI)
YoY Growth in year ended Mar 2026 has fallen from Mar 2025
Compare Annual Results Of M & M With
Figures in Cr
Consolidate Annual Results
Change(INR)
Change(%)
Net Sales
1,98,638.55
1,83,316.00
15,322.55
8.36%
Other Operating Income
0.00
0.00
0.00
Total Operating income
1,98,638.55
1,83,316.00
15,322.55
8.36%
Raw Material Cost
1,13,553.14
1,11,663.50
1,889.64
1.69%
Purchase of Finished goods
8,670.45
23,184.50
-14,514.05
-62.60%
(Increase) / Decrease In Stocks
698.79
-2,272.50
2,971.29
130.75%
Employee Cost
12,730.62
9,049.70
3,680.92
40.67%
Power Cost
0.00
0.00
0.00
Manufacturing Expenses
0.00
0.00
0.00
Selling and Distribution Expenses
0.00
0.00
0.00
Other Expenses
-1,35,653.00
20,234.60
-1,55,887.60
-770.40%
Total Expenditure (Excl Depreciation)
0.00
1,61,859.80
-1,61,859.80
-100.00%
Operating Profit (PBDIT) excl Other Income
1,98,638.55
21,456.20
1,77,182.35
825.79%
Other Income
0.00
4,357.20
-4,357.20
-100.00%
Operating Profit (PBDIT)
0.00
25,813.40
-25,813.40
-100.00%
Interest
9,590.85
238.70
9,352.15
3,917.95%
Exceptional Items
-292.94
0.00
-292.94
Gross Profit (PBDT)
0.00
25,574.70
-25,574.70
-100.00%
Depreciation
7,322.02
6,741.70
580.32
8.61%
Profit Before Tax
-1,964.91
18,833.00
-20,797.91
-110.43%
Tax
0.00
4,439.00
-4,439.00
-100.00%
Provisions and contingencies
0.00
0.00
0.00
Profit After Tax
16,656.80
14,394.00
2,262.80
15.72%
Extraordinary Items
0.00
0.00
0.00
Prior Period Expenses
0.00
0.00
0.00
Other Adjustments
0.00
0.00
0.00
Net Profit
16,656.80
14,394.00
2,262.80
15.72%
Share in Profit of Associates
1,964.91
285.50
1,679.41
588.23%
Minority Interest
-1,522.86
0.00
-1,522.86
Other related items
0.00
0.00
0.00
Consolidated Net Profit
17,098.85
14,679.50
2,419.35
16.48%
Equity Capital
558.78
157.20
401.58
255.46%
Face Value
5.00
5.00
0.00
Reserves
92,537.57
1,06,999.10
-14,461.53
-13.52%
Earnings per share (EPS)
153.00
466.91
-313.91
-67.23%
Diluted Earnings per share
152.18
466.90
-314.72
-67.41%
Operating Profit Margin (Excl OI)
0.00%
12.30%
0.00
-12.30%
Gross Profit Margin
0.00%
14.67%
0.00
-14.67%
PAT Margin
9.41%
8.42%
0.00
0.99%
Public Share Holdings (%)
0.00%
0.00%
0.00
0.00%
Pledged Promotor Holding (%)
0.00%
0.00%
0.00
0.00%
Annual - Net Sales
Net Sales 1,98,638.55 Cr
in Mar 2026Figures in Cr
YoY Growth in year ended Mar 2026 is 24.76% vs 14.48% in Mar 2025
Annual - Consolidate Net Profit
Consolidate Net Profit 17,098.85 Cr
in Mar 2026Figures in Cr
YoY Growth in year ended Mar 2026 is 32.25% vs 14.74% in Mar 2025
Annual - Operating Profit (PBDIT)
No Operating Profit (PBDIT) in the last few periods
Annual - Interest
Interest 9,590.85 Cr
in Mar 2026Figures in Cr
YoY Growth in year ended Mar 2026 is 5.59% vs 21.30% in Mar 2025
Annual - Operating Profit Margin (Excl OI)
No Operating Profit Margin (Excl OI) in the last few periods






