Mahindra & Mahindra (M&M) reported strong financial results for the third quarter of FY25, with a notable increase in both profit and revenue. The company posted a consolidated net profit of ₹3,180.58 crore, reflecting a 19.64% rise compared to ₹2,658.40 crore in the same period last year. Revenue from operations climbed 17.74% YoY to ₹41,464.98 crore, up from ₹35,218.32 crore in Q3FY24.
M&M highlighted robust growth in its auto and farm sectors, with profits rising 16%. The financial services segment saw assets under management (AUM) grow by 19%. Additionally, Tech Mahindra experienced strong deal wins, resulting in a 480 basis points improvement in EBIT. The auto segment alone recorded a 21% rise in revenue to ₹23,391 crore, with profit after tax (PAT) increasing 20% to ₹1,438 crore. Volumes in the auto sector grew by 16%, reaching 2,45,000 units during the quarter.
The farm sector saw its highest-ever Q3 market share of 44.2%, with volumes rising 20% to 1,21,000 units. Revenue from the farm segment increased by 11%, reaching ₹9,537 crore, while PAT also rose by 11% to ₹996 crore.
In the financial services sector, Mahindra & Mahindra Financial Services’ AUM rose by 19%, while standalone PAT jumped 63%.
Commenting on the results, Anish Shah, Managing Director & CEO of M&M, stated, “Our businesses continue to demonstrate strength in execution. The auto and farm sectors delivered solid performance on market share and margins, and the transformation at Tech Mahindra is accelerating.”
Rajesh Jejurikar, Executive Director & CEO (Auto and Farm Sector), added, “In Q3FY25, we were number one in SUV revenue market share, with a 200 bps YoY increase. Our LCV < 3.5T volume market share stands at 51.9%, a gain of 230 bps. We also achieved the highest-ever Q3 tractor market share at 44.2%, a 240 bps increase, with farm PBIT up by 260 bps YoY.”
Mahindra & Mahindra (M&M) is a leading Indian multinational conglomerate with a strong presence across diverse sectors, including automotive, agriculture, and information technology. Renowned for its innovative engineering and robust vehicles, M&M is a market leader in utility vehicles, tractors, and electric vehicles in India.
The company also has a significant global footprint, exporting its products to over 100 countries. Guided by its “Rise” philosophy, M&M focuses on driving positive change through sustainable practices, advanced technology, and customer-centric solutions. With ongoing investments in electric mobility and smart farming solutions, Mahindra & Mahindra continues to play a pivotal role in shaping India’s future in mobility and agriculture.
