186 Integrated Annual Report 2025-26 The Group’s finance company, Mahindra & Mahindra Financial Services Limited (‘Mahindra Finance’), a listed subsidiary of the Company, reported a consolidated operating revenue of Rs. 21,005 crore during the current year as compared to Rs. 18,463 crore in the previous year, registering an increase of 13.8%. The consolidated profit after tax after non-controlling interests for the year is Rs. 2,855 crore as compared to Rs. 2,262 crore in the previous year, registering an increase of 26.2%. Mahindra Finance customer base has crossed 12.0 million customers and currently has a network of over 1,348 offices. Mahindra Finance reported closing business AUM of Rs. 1,34,096 crore as of 31st March 2026, a growth of 12.1%. Mahindra Lifespace Developers Limited, the listed subsidiary in the business of real estate and infrastructure, reported a consolidated operating revenue of Rs. 1,178 crore as compared to Rs. 372 crore in the previous year, registering an increase of 216.7%. The consolidated profit after tax after non-controlling interest for the year is Rs. 298 crore as compared to Rs. 61 crore in the previous year, registering an increase of 388.5%. Mahindra Holidays & Resorts India Limited, the listed subsidiary in the business of selling vacation ownership and providing holiday facilities, registered a consolidated operating revenue of Rs. 2,992 crore as compared to Rs. 2,781 crore in the previous year, registering an increase of 7.6%. The consolidated profit after tax after non-controlling interests for the year is Rs. 70 crore as compared to Rs. 128 crore in the previous year, registering a decrease of 45.3%. Mahindra Logistics Limited, the listed subsidiary in the logistics business, reported a consolidated operating revenue of Rs. 6,999 crore as compared to Rs. 6,105 crore in the previous year registering an increase of 14.6%. The consolidated profit after tax after non-controlling interests for the year is profit of Rs. 2 crore as compared to loss of Rs. 36 crore in the previous year, registering an increase of 105.6%.
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