Mahindra & Mahindra Reports 20% YoY Growth in Q3 FY25 PAT, Strong Performance Across Businesses

Varahi media.com online news,Mumbai, February 7, 2025: Mahindra & Mahindra Ltd. (M&M) has reported a robust financial performance for the third quarter of FY25, with consolidated Profit After Tax (PAT) rising 20% year-on-year (YoY) to ₹3,181 crore. The company’s revenue for the quarter stood at ₹41,470 crore, marking a 17% YoY growth.

M&M’s Auto and Farm businesses continued to drive growth, posting a 16% increase in profits. Financial services saw Assets Under Management (AUM) rise by 19%, while Tech Mahindra (TechM) recorded a 480-basis point improvement in EBIT margin along with strong deal momentum.

Segment-Wise Performance

Auto Sector:

• Quarterly volumes reached 2.45 lakh units, reflecting a 16% growth.
• Utility Vehicle (UV) volumes stood at 1.42 lakh units.
• Standalone PBIT: ₹2,167 crore, up 37% with a 120 bps increase in PBIT margin to 9.7%.
• Consolidated Revenue: ₹23,391 crore, up 21%.
• Consolidated PAT: ₹1,438 crore, up 20%.

Farm Sector:

• Achieved highest-ever Q3 market share of 44.2%.
• Tractor volumes reached 1.21 lakh units, up 20%.
• Standalone PBIT: ₹1,479 crore, up 42%, with PBIT margin at 18.1% (up 260 bps).
• Consolidated Revenue: ₹9,537 crore, up 11%.
• Consolidated PAT: ₹996 crore, up 11%.

Services Sector:

• Mahindra Finance: AUM up 19%, GS3 at 3.9%, standalone PAT up 63%.
• Tech Mahindra: EBIT margin improved by 480 bps, PAT up 93%.
• Mahindra Lifespaces: Residential pre-sales stood at ₹334 crore, down 25%.
• Club Mahindra: Total income at ₹391 crore, up 5%.
• Mahindra Logistics: Revenue at ₹1,594 crore, up 14%.
• Overall Services Revenue: ₹9,607 crore, up 14%.
• Consolidated PAT: ₹747 crore, up 34%.

Dr. Anish Shah, Managing Director & CEO, M&M Ltd., emphasized the company’s strong execution across segments, stating:
“Our businesses continue to deliver solid market share and margin growth. TechM’s transformation is progressing well, and Mahindra Finance is maintaining a strong balance between asset quality and growth. Our Growth Gems are making steady progress toward long-term goals.”

Rajesh Jejurikar, Executive Director & CEO (Auto and Farm Sector), M&M Ltd., highlighted key achievements:
“The launch of our Electric Origin SUVs, the BE 6 and XEV 9e, has set a benchmark in global innovation. Our Thar ROXX won the Indian Car of the Year (ICOTY) and Autocar Car of the Year awards. In Q3 FY25, we led the SUV revenue market share with a 200 bps YoY increase. Our tractor business also achieved a record-high Q3 market share of 44.2%, with farm PBIT rising by 260 bps YoY.”

Amarjyoti Barua, Group CFO, M&M Ltd., added:
“Despite global headwinds, our strong operating performance reflects disciplined execution and prudent capital allocation, ensuring long-term shareholder value creation.”

Standalone Financial Highlights (Q3 FY25):

• Revenue: ₹30,964 crore (+20% YoY).
• EBITDA: ₹4,810 crore (+32% YoY).
• PAT: ₹2,964 crore (+19% YoY).
• Total Vehicles Sold: 2,45,499 units (+16% YoY).
• Total Tractors Sold: 1,20,624 units (+20% YoY).

With sustained growth in auto, farm, and services businesses, Mahindra & Mahindra continues to reinforce its position as a leader in India’s automotive and mobility sectors.

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