M&M expects strong Q2 revenue growth up to 25% YoY; Adani Enterprises also announces earnings.

Economy Business | Dated: 04 Nov 2025

Auto major **Mahindra & Mahindra (M&M)** is set to announce its Q2 FY26 earnings today, November 4. Analysts project robust revenue growth, with estimates ranging up to **25% year-on-year**, driven by strong volumes in the automotive (SUVs) and farm equipment segments. However, profitability may be capped due to weaker Average Selling Prices (ASPs). **Adani Enterprises** is also among the major firms, along with SBI and Paytm, scheduled to release their quarterly results, which are crucial for assessing market direction.

🎯 Key Highlights:

  • M&M is projected to see revenue growth of up to 25% YoY.
  • The growth is driven by healthy volume expansion in both auto and farm segments.
  • Adani Enterprises, SBI, and Paytm are other key companies announcing Q2 results today.

💡 Other Important Facts:

  • M&M profitability is also affected by a higher share of EVs.
  • SBI is expected to face margin compression due to rising funding costs.
  • The overall Q2 results season continues to shape the market direction.

📚 Test Your Knowledge:

What key factor is expected to limit M&M's profitability despite strong sales?

Correct Answer: Weak Average Selling Prices (ASPs)

🚀 Quick Recap:

About Q2 Earnings

  • (i) Reporting Period – Q2 FY26 (July to Sep 2025) (ii) M&M Segment Focus – SUVs, Tractors, EVs
  • (iii) Significance – Predicts sectoral trends (iv) Other Companies – Paytm, IndiGo