M&M Q3 FY25 Results: Profit Rises 20% YoY to ₹3,181 Crore, Revenue Up 18%

Mahindra & Mahindra (M&M) reported strong growth in its financial results for Q3FY25, with higher profits and revenue. The company’s consolidated net profit rose 19.64% year-on-year (YoY) to ₹3,181 crore, compared to ₹2,658 crore in the same quarter last year. Revenue from operations increased 17.74% YoY to ₹41,465 crore from ₹35,218 crore in Q3FY24.

Strong Performance in Auto & Farm Segments

M&M’s auto and farm divisions continued to drive growth and profitability, with an overall profit increase of 16%. The auto segment saw a 21% rise in revenue to ₹23,391 crore, while profit after tax (PAT) increased 20% to ₹1,438 crore. Vehicle sales grew 16% to 2,45,000 units.

The farm segment recorded its highest-ever Q3 market share at 44.2%. Tractor sales rose 20% to 1,21,000 units. Revenue for this division increased 11% to ₹9,537 crore, and PAT was up 11% at ₹996 crore.

Financial Services and Tech Mahindra Growth

Mahindra & Mahindra Financial Services saw a 19% increase in assets under management (AUM), while standalone PAT surged 63%. Tech Mahindra reported strong deal wins and improved EBIT by 480 basis points.

Management’s Statement

Anish Shah, MD & CEO of M&M, highlighted the company’s strong execution across businesses, particularly in auto and farm, leading to higher market share and improved margins.

Rajesh Jejurikar, Executive Director & CEO (Auto & Farm Sector), shared key achievements:

• M&M became the top company in SUV revenue market share with a 200 bps YoY increase.
• Light Commercial Vehicle (LCV) market share (<3.5T) rose to 51.9%, up by 230 bps.
• Auto segment PBIT increased by 120 bps YoY.
• The farm division achieved a record-high Q3 tractor market share of 44.2%, up by 240 bps YoY, with PBIT growing by 260 bps.

M&M’s strong performance reflects its strategic focus on execution, market expansion, and profitability improvements.

About Mahindra & Mahindra Ltd

Mahindra & Mahindra Ltd is one of India’s most diversified automobile companies, manufacturing a wide range of vehicles, including two-wheelers, three-wheelers, passenger vehicles, commercial vehicles, tractors, and earthmovers. Beyond automobiles, the company operates in several other industries through its subsidiaries and group companies. These include financial services, auto components, hospitality, infrastructure, retail, logistics, steel trading and processing, IT, agriculture, aerospace, consulting, defence, energy, and industrial equipment.

Mahindra & Mahindra share price stood at ₹3,134.25 as of 2:08 PM IST on February 7, down by ₹5.70 (0.18%) for the day. The stock opened at ₹3,168.00 and reached a high of ₹3,219.95, while the day’s low was ₹3,119.05. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.