The company reported a strong third quarter of FY25, with consolidated profit after tax rising 20% to Rs 3,181 crore, driven by strong showing across its automotive, farm equipment, and services businesses.
07 Feb 2025 | 1817 Views | By Sarthak Mahajan & Darshan Nakhwa
Mahindra & Mahindra has announced its quarterly results for Oct-Dec 2024. Here are live updates from its press conference.
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Mahindra & Mahindra has announced its quarterly results for Oct-Dec 2024. Here are live updates from its press conference.
The Mumbai-based conglomerate saw its consolidated revenue grow 17% year-on-year to Rs 41,470 crore. The company strengthened its grip on the SUV market with a revenue market share of 23%, up 200 basis points, while SUV volumes surged 20% during the quarter.
The automotive division emerged as a key growth driver, with quarterly volumes reaching 245,499 units, up 16% year-on-year. The segment's standalone PBIT (Profit Before Interest and Tax) jumped 37% to Rs 2,167 crore on a standalone basis, with margins expanding 120 basis points to 9.7%.
In the farm equipment sector, M&M achieved its highest-ever Q3 market share of 44.2%, with volumes growing 20% to 120,624 units. The segment's standalone PBIT rose 42% to Rs 1,479 crore, while margins improved significantly by 260 basis points to 18.1%.