Mahindra & Mahindra Q4 results: Net profit rises 19.6% YoY to Rs 3,295 crore; Revenue up 20%
Mahindra & Mahindra (M&M) has reported a strong performance in the January–March 2025 quarter, with its consolidated net profit rising 19.6% year-on-year (YoY) to ₹3,295.17 crore, compared to ₹2,754.08 crore in Q4FY24.
The company's revenue from operations for the quarter stood at ₹42,599.31 crore, marking a healthy 20.2% growth from ₹35,451.73 crore reported in the same quarter last year. Total income for the quarter came in at ₹43,301.04 crore.
Key Q4 FY25 highlights (YoY): Net profit : ₹3,295.17 crore vs ₹2,754.08 crore
Revenue from operations : ₹42,599.31 crore vs ₹35,451.73 crore
Profit before tax : ₹4,626.80 crore vs ₹4,030 crore
Other income : ₹701.73 crore vs ₹355.71 crore
Total expenses: ₹39,113.61 crore vs ₹32,172.17 crore
For the full year FY25, Mahindra & Mahindra recorded: Total revenue from operations : ₹1,59,210.82 crore vs ₹1,39,078.27 crore (up 14.5%)
Net profit (attributable to owners): ₹12,929.10 crore vs ₹11,268.64 crore
The company also reported a higher share of profits from associates and joint ventures at ₹439.37 crore in Q4FY25, compared to ₹394.73 crore in the year-ago period. Segment-wise Highlights: Auto segment: Q4 volumes stood at 2.53 lakh units, up 18%, with revenue market share at 23.5%. FY25 UV volumes jumped 20%.
Farm segment: Q4 volumes rose 23% to 87,000 units. FY25 market share reached a record 43.3%.
Services segment: Q4 revenue from services grew 12% to ₹9,914 crore, with PAT at ₹822 crore. Operational Metrics: Standalone Q4 PBIT was ₹2,306 crore (up 28%), with a margin of 9.2%.
Consolidated Q4 EBITDA rose to ₹4,626.80 crore, and margin stood at 12.6%, up from 9.6% in the previous quarter.
Q4 tax expense stood at ₹1,085 crore, including deferred tax gain of ₹120.52 crore.
Commenting on Q4 FY25 and FY25 performance Dr. Anish Shah, Group CEO & Managing Director, M&M Ltd. said, 'We have delivered strong growth on the back of stellar execution in F25. Auto and Farm continue to gain market share and expand profitability. TechM is making commendable progress towards its dual objectives of strengthening client positioning and margin expansion. MMFSL has maintained GS3 under 4% as committed, remains focused on controls and has delivered 33% growth in profits. Our Growth Gems are scaling up well. We continue to build strong businesses which will deliver significant value to our stakeholders.'
Mr. Rajesh Jejurikar, Executive Director & CEO (Auto and Farm Sector), M&M Ltd. said, 'We continued our outstanding performance for the year in Q4-F25, with significant gain of 310 bps YoY in SUV revenue share, and 480 bps YoY in LCV (< 3.5T) market share. In Tractors, we reached our highest-ever Q4 market share of 41.2%, gaining 180 bps YoY. In F25, our Auto Standalone PBIT margin improved by 110 bps and core tractor PBIT margins improved by 200 bps'
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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