Mahindra & Mahindra Reports 20% PAT Growth in Q3 FY25

Mahindra & Mahindra Ltd (M&M) announced financial results for the quarter and nine months ended December 31, 2024.

Q3 FY 2025 Highlights

The company reported a consolidated revenue of ₹41,470 crore, up 17% YoY, and consolidated PAT at ₹3,181 crore, marking a 20% increase. The company showcased strong growth across its core businesses, cementing its leadership in multiple segments.

M&M stated that it retained its #1 position in SUVs with a 23% revenue market share, an improvement of 200 basis points (bps), driven by a 20% growth in SUV volumes. It also led the light commercial vehicles (LCVs) under the 3.5T category with a 51.9% market share, up 230 bps. In the farm segment, the company continued to dominate the tractor market with a 44.2% share, a 240 bps increase and maintained its leadership in electric 3-wheelers with a 41.8% market share.

The financial services arm, Mahindra Finance, reported a 19% growth in Assets Under Management (AUM), while Gross Stage 3 (GS3) stood at 3.9%, well within the defined range. Tech Mahindra also delivered solid results, with EBIT expanding by 480 bps, supported by strong deal momentum and a focus on margin improvements.

M&M’s Auto and Farm sectors continue to drive growth and profitability, with overall profits up 16% in Q3 FY25, showcasing the company’s strong operational performance and market leadership.

Commenting on the performance, the Group Chief Financial Officer of M&M Ltd, Mr Amarjyoti Barua, said, “Our Q3 consolidated results reflect strong performance across multiple businesses despite global headwinds. Our operating businesses remain laser-focused on execution and we remain committed to disciplined capital allocation to drive long-term shareholder value creation.”

On February 10, 2025, M&M share price opened at ₹3,209.20, touching the day’s high at ₹3,270.95, as of 9:50 AM on the NSE.

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