Please refer enclosed file.

Mahindra & Mahindra Ltd. Mahindra Towers, Dr. G. M. Bhosale Marg, Worli, Mumbai 400 018 India Tel: +91 22 2490 1441 Fax: +91 22 2490 0833 www.mahindra.com Ref No.: M&M/SEC/2026-27/079 30th July 2026 National Stock Exchange of India Limited BSE Limited Scrip Symbol: M&M Scrip Code: 500520 Sub: Press Release on Unaudited Standalone and Consolidated Financial Results for the first quarter ended 30th June 2026 Ref: Pursuant to provisions of the Regulation 30 (read with Schedule III Part-A) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR Regulations”) Dear Sir/ Ma’am, We enclose herewith, the press release issued by the Company on the Unaudited Standalone and Consolidated Financial Results for the first quarter ended 30th June 2026, approved by the Board of Directors of the Company at its Meeting held today i.e. 30th July 2026. The Meeting of the Board of Directors of the Company commenced at 11.10 a.m. and concluded at 12.50 p.m. This intimation is also being uploaded on the Company’s website at https://www.mahindra.com Yours sincerely, For Mahindra & Mahindra Limited Sailesh Kumar Daga Company Secretary FCS: 4164 Encl.: as above CC: Luxembourg Stock Exchange London Stock Exchange Plc ISIN: USY541641194 Regd. Office: Gateway Building, Apollo Bunder, Mumbai 400 001, India | Tel: +91 22 6897 5500 | Fax: +91 22 22875485 | Email: group.communication@mahindramail.com | mahindra.com | CIN No. L65990MH1945PLC004558 Mahindra & Mahindra Ltd. Mahindra Towers, Dr. G. M. Bhosale Marg, Worli, Mumbai 400 018 India Tel: +91 22 2490 1441 Fax: +91 22 2490 0833 www.mahindra.com PRESS RELEASE M&M Results Q1 F27 Consolidated PAT for Q1 F27 Rs 5,455 cr., up 34% RoE at 23%* Key Highlights: • #1 in SUVs with revenue market share at 25.0%, SUV volumes up 15% in Q1 • #1 in LCVs <3.5T: market share at 52.0%^ • #1 in Tractors: market share at 44.9% • #1 in electric 3 wheelers: market share at 39.5% • MMFSL AUM up 13%; GS3 3.45% • Tech Mahindra EBIT up 330 bps, continued focus on margin expansion • Consolidated Revenue at Rs 58,188 cr., up 28% • Consolidated PAT at Rs 5,455 cr., up 34% • RoE at 23.0%*; EPS at 48.6 *Annualized basis the quarter ROE ^Bolero Max Pickup 2T variant classified under LCV 2-3.5T, includes Jeeto sold by LMM Mumbai, July 30, 2026: The Board of Directors of Mahindra & Mahindra Limited today approved the financial results for the quarter endeds 30th June 2026. Key financials: Rs cr. Q1 F27 Q1 F26 Growth% YoY Consolidated Results Revenue 58,188 45,529 28% PAT 5,455 4,083 34% PAT is PAT after Non-Controlling Interest. For summary of standalone financials, refer Annexure 1 Mahindra & Mahindra reported strong operating performance across businesses in the first quarter of F27 with consolidated PAT of Rs 5,455 cr., up 34%. Auto and Farm continue to deliver on growth and margins with profits up 18%. Financial services AUM grew at 13%. TechM continued its journey of margin expansion with EBIT improvement of 330 bps. Amongst our growth gems, Mahindra Logistics showed strong revenue momentum with 23% growth and MLDL delivering a 2x growth in PAT. Auto • Quarterly volumes at 304k (includes sales by LMM & MEAL), up 23%; UV volumes at 175k • Q1’27 SUV revenue market share at 25.0% • Standalone PBIT Rs 2,212 cr., flat vs last year • Standalone PBIT margin 7.1%; excluding eSUV contract manufacturing 8.3%, down 170 bps • Consolidated Revenue Rs 34,387 cr., up 32% • Consolidated PAT Rs 2,129 cr., up 21% Regd. Office: Gateway Building, Apollo Bunder, Mumbai 400 001, India | Tel: +91 22 22021031 | Fax: +91 22 22875485 | Email: group.communication@mahindramail.com | mahindra.com | CIN No. L65990MH1945PLC004558 Mahindra & Mahindra Ltd. Mahindra Towers, Dr. G. M. Bhosale Marg, Worli, Mumbai 400 018 India Tel: +91 22 2490 1441 Fax: +91 22 2490 0833 www.mahindra.com Farm • Q1’27 market share at 44.9%, volumes at 158k, up 18% • Standalone PBIT Rs 2,028 cr., up 11%; PBIT margin at 18.5%, down 130 bps • Consolidated Revenue Rs 12,501 cr., up 15% • Consolidated PAT Rs 1,520 cr., up 15% Services • MMFSL AUM up 13%; GS3 3.45%, PAT* up 78% • Tech Mahindra EBIT margin at 14.4%, up 330 bps; PAT* up 28% • Mahindra Lifespaces residential pre-sales of Rs 925 cr. up 2x; GDV acquired Rs 5.6k cr., up 60% • Club Mahindra occupancy at 87%; room keys up 1% • Mahindra Logistics revenue Rs 2,003 cr., up 23%, PAT* up 3x • Consolidated Services Revenue Rs 12,899 cr., up 31% • Consolidated Services PAT Rs 1,805 cr., up 80% *Represents M&M share of PAT Commenting on Q1 F27 performance Dr. Anish Shah, Group CEO & Managing Director, M&M Ltd., said, "We are delighted to report a strong start to F27, 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. Our Auto and Farm businesses continued to strengthen their leadership positions, despite this dynamic environment. TechM and MMFSL have made notable progress on their strategic priorities while our Growth Gems accelerated their growth momentum.” Mr. Rajesh Jejurikar, Executive Director & CEO (Auto and Farm Sector), M&M Ltd. said, “Auto and Tractor business demonstrated strong resilience in Q1 F27. We have achieved a QoQ increase of 50 bps in SUV revenue market share and 150 bps in LCV (< 3.5T) volume market share. XEV 9S emerged as highest selling EV in India by Volume. Our Tractors business gained 280 bps QoQ to reach 44.9% market share in Q1 F27. Auto business PBIT Margin excluding eSUV contract manufacturing is 8.3% and our Core Tractor PBIT margin is 19.2% despite commodity inflation.” Mr. Amarjyoti Barua, Group Chief Financial Officer, M&M Ltd. said, “We are pleased to report resilient performance across our businesses in Q1 F27 recording a PAT growth of 34%. Our supply chain teams have executed remarkably well to navigate through a very uneven environment, marked by significant commodity inflation. We remain committed to our path of value creation while maintaining a strong balance sheet” Regd. Office: Gateway Building, Apollo Bunder, Mumbai 400 001, India | Tel: +91 22 22021031 | Fax: +91 22 22875485 | Email: group.communication@mahindramail.com | mahindra.com | CIN No. L65990MH1945PLC004558 Mahindra & Mahindra Ltd. Mahindra Towers, Dr. G. M. Bhosale Marg, Worli, Mumbai 400 018 India Tel: +91 22 2490 1441 Fax: +91 22 2490 0833 www.mahindra.com Disclaimer: All statements included or incorporated by reference in this media release, other than statements or characterizations of historical fact, are forward-looking statements. These forward-looking statements are based on our current expectations, estimates and projections about our industry, management's beliefs and certain assumptions made by us. Although M&M believes that the expectations reflected in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Any forward-looking statement speaks only as of the date on which such statement was made, and M&M undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. No assurance can be given that actual results, performance or achievement expressed in, or implied by, forward looking statements within this disclosure will occur, or if they do, that any benefits may be derived from them. Media Contact: Swati Khandelwal Sr VP & Head – Group Corporate Communications Email: khandelwal.swati@mahindra.com Regd. Office: Gateway Building, Apollo Bunder, Mumbai 400 001, India | Tel: +91 22 22021031 | Fax: +91 22 22875485 | Email: group.communication@mahindramail.com | mahindra.com | CIN No. L65990MH1945PLC004558 Mahindra & Mahindra Ltd. Mahindra Towers, Dr. G. M. Bhosale Marg, Worli, Mumbai 400 018 India Tel: +91 22 2490 1441 Fax: +91 22 2490 0833 www.mahindra.com Factsheet (Data in Public domain tabulated for ease of [Showing first 8,000 characters — download PDF for full document]