Mahindra & Mahindra reported a standalone net profit (profit after tax) of Rs 2,437 crore for the fourth quarter of financial year 2024–25 (FY25), up 22% from Rs 2,000 crore in the same period last year. The company’s revenue from operations rose 24% to Rs 31,609 crore in Q4FY25, compared to Rs 25,434 crore in Q4FY24.
In an exchange filing, the company said its Auto and Farm-focused businesses maintained market leadership in key segments, achieving 15% revenue growth and a 17% rise in profits. Financial services assets under management (AUM) grew by 17%, while Tech Mahindra saw strong momentum in deal wins and a 360 basis point improvement in EBIT margins.
“We continued our outstanding performance in Q4FY25, with a significant 310 bps year-on-year gain in SUV revenue share, and a 480 bps gain in the LCV (<3.5T) segment. In tractors, we achieved our highest-ever Q4 market share of 41.2%, gaining 180 bps YoY. For FY25, our Auto standalone PBIT margin improved by 110 bps, and core tractor PBIT margins improved by 200 bps,” said Rajesh Jejurikar, Executive Director & CEO (Auto and Farm Sector), M&M Ltd.
For the full financial year FY25, Mahindra & Mahindra reported consolidated revenue of Rs 1,59,211 crore, up 14% year-on-year. Consolidated profit after tax rose 20% to Rs 12,929 crore. The board has recommended a dividend of Rs 25.3 per share, a 20% increase over the previous year. M&M shares rose as much as 2% to Rs 2,997 on the BSE.
“Auto and Farm continue to gain market share and expand profitability. Tech Mahindra is making commendable progress toward its dual objectives of strengthening client relationships and improving margins. MMFSL has maintained GS3 under 4% as committed, remains focused on controls, and has delivered 33% profit growth. Our Growth Gems are scaling up well. We continue to build strong businesses that will deliver significant value to our stakeholders,” said Dr Anish Shah, Group CEO & Managing Director, M&M Ltd.
M&M’s Auto business recorded 14% volume growth for the full year, with utility vehicle (UV) volumes up 20%. Q4 volumes stood at 2.53 lakh units (including LMM and MEAL sales), an increase of 18%. Q4 market share rose to 23.5%, up 310 basis points.
The company also noted that on Day 1 of bookings, its new eSUV received over 30,000 orders, with 6,300 units delivered so far.
Mahindra’s farm equipment segment posted a strong performance in Q4, with tractor volumes rising 23%. Q4 market share stood at 41.2%, while full-year share reached a record high of 43.3%, up 170 basis points. Profit before interest and tax (PBIT) for the quarter rose 51% to Rs 1,250 crore, with a margin of 19.4%. For FY25, PBIT grew 30% to Rs 5,371 crore, with margins improving to 18.4%. However, strategic realignments in two key markets led to a one-time standalone impact of Rs 654 crore.
