logo
M&M Q4 PAT surges 22% to ₹2,437 crore

M&M Q4 PAT surges 22% to ₹2,437 crore

The Hindu05-05-2025

Mahindra & Mahindra Ltd. for the fourth quarter ended March 31, 2025 reported 22% growth in standalone net profit at Rs. 2,437 crore as compared with Rs 2,000 crore a year ago backed by volume growth in automobile and tractor businesses.
For the quarter the company's revenues grew 24% Year on Year (YoY) to Rs 31,609 crore.
Total vehicles volumes during the quarter grew 18% YoY to 2,53,028 units while tractor sales volume grew 23% YoY to 87,138 units.
For FY25 the company's standalone net profit grew 11% YoY to Rs 11,855 crore while revenues grew 17% YoY to Rs 1,18,625 crore. Auto volumes annually grew 14% YoY to 9,41,115 units. Tractor sales volumes in FY25 grew 12% to 4,20,636 units.
On a consolidated basis the company's net profit for the fourth quarter grew 20% YoY to Rs 3,295 crore. Revenues grew 20% to Rs 42,599 crore YoY. For FY25 the consolidated net profit was at Rs 12,929 crore, up 15% YoY and revenues grew 14 YoY to Rs 1,59,211 crore.
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,' he said.
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,' he said.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

NCLT deputy registrar arrest: CBI seeks to interrogate accused again, he files for bail claiming no truth in allegations of seeking bribe
NCLT deputy registrar arrest: CBI seeks to interrogate accused again, he files for bail claiming no truth in allegations of seeking bribe

Indian Express

time26 minutes ago

  • Indian Express

NCLT deputy registrar arrest: CBI seeks to interrogate accused again, he files for bail claiming no truth in allegations of seeking bribe

The CBI has again sought the custody of a deputy registrar of the National Company Law Tribunal (NCLT) arrested last month on allegations of accepting a bribe of Rs 3 lakh, even as he has filed for bail. Charan Pratap Singh was arrested along with an aide Karsan Ahir on May 29 by the CBI and the special court sent them to judicial custody on the same day. The CBI has again sought custody of Singh and Ahir stating that their custodial interrogation is needed to ascertain about the staff or other senior officials of the NCLT, who were helping him in the case of the complainant, an hotel owner, from whom the bribe was allegedly sought to settle the matter in his favour. The CBI has said that its officials did not get sufficient time to interrogate the arrested accused. Singh has, meanwhile, sought bail claiming that the allegations are 'vague' and 'without any concrete evidence'. The case relates to a dispute between the complainant and his brothers regarding the ownership of the hotel. The matter is pending before the NCLT in Mumbai for over five years. The complainant had alleged that he came in contact with Singh in connection with the pending matter. It is alleged that Singh contacted the complainant and informed him that one of his staff members wanted to stay at his hotel in Lonavala. Accordingly, the staffer with her family stayed at the hotel in April but payment for the same was not done with a bill of Rs 30,000 pending. The complainant alleged that when he asked Singh about the dues, he got irritated and reminded him about the pending matter in NCLT. The complainant further alleged that Singh told him that he will help him with the case and sought the files of the case, which he then handed over at a restaurant on April 26. The complainant had alleged that Singh sought a bribe from him, and he approached the anti-corruption bureau of the agency, following which a trap was laid. On May 28, Ahir, an aide of Singh, accepted the bribe amount on his behalf, the CBI has claimed. The CBI had then sought custody of Singh claiming that he is involved in a 'corruption racket' 'which may lead to a bigger conspiracy of corrupt practices taking place at NCLT' but he was sent to judicial custody by the court. The CBI has now sought to probe into the movement of the file related to the complainant's case, claiming that the two accused have 'exclusive knowledge' of it. Singh through his lawyer Shalabh Saxena said that searches have already been conducted at his residence and no 'tainted' money or incriminating recovery has been made, with mere cash of Rs 22,000 found at his home. 'There is no documented or corroborated evidence to establish the demand of illegal gratification by the accused,' the bail plea states. It is also claimed that Singh owns no property in Mumbai and is living in a shared accommodation in a '8×10 chawl'. He has further submitted that he does not have any sanctioning authority or financial decision-making power in the NCLT. The court has scheduled the pleas for hearing on June 9.

Excise policy case: No objection if former Delhi CM Arvind Kejriwal's passport is renewed, says court
Excise policy case: No objection if former Delhi CM Arvind Kejriwal's passport is renewed, says court

Indian Express

time32 minutes ago

  • Indian Express

Excise policy case: No objection if former Delhi CM Arvind Kejriwal's passport is renewed, says court

A Delhi court Wednesday granted a no-objection certificate (NOC) to former Delhi Chief Minister Arvind Kejriwal to renew his passport. The AAP chief is an accused in the corruption and money laundering cases linked to the alleged Delhi excise policy scam. 'In such circumstances, applications preferred by Arvind Kejriwal for renewal of his passport is allowed and this court has 'no objection' if the passport of the applicant, namely, Arvind Kejriwal is renewed for 10 years as per rules,' said Special Judge Dig Vinay Singh of Rouse Avenue Court in his June 4 order. While the Central Bureau of Investigation (CBI) had opposed the request, submitting that as per norms, renewal permission for five years should be granted, the Enforcement Directorate did not give a formal reply and stated orally that the renewal of the passport should not be granted for 10 years. The CBI, which is investigating the corruption case in the matter, was represented in court by Special Public Prosecutor (SPP) and Senior Advocate D P Singh. The ED, which is investigating the money laundering case, was represented by SPPs N K Matta and Simon Benjamin, along with advocate Faizan. Kejriwal, whose passport had expired in 2018, had sought a 10-year renewal. He was represented in court by advocate Mudit Jain. 'It is, however, made clear that the order of this court shall not in any manner fetter the discretion of passport authorities in grant or refusal of the renewal of passport under the Indian Passports Act and relevant rules. The 'no objection' granted vide this order shall remain in force for three months from today, within which the applicant may get his passport renewed,' the court said. 'It goes without saying that the present order is not granting any permission to the applicant to travel abroad, and if he ever desires to travel abroad for any purpose, he shall have to file an appropriate application seeking such permission,' it added. As per the central agencies, Kejriwal's role in the excise policy 'scam' allegedly involved receiving 'bribe money' from the 'South Group' (business persons from South India) in exchange for granting favours to them when the now-scrapped policy was being drafted. The CBI had alleged that Kejriwal ensured Rs 90 lakh from the 'bribe money' would be given to each of the 40 AAP candidates during the 2022 Goa Assembly polls. Kejriwal was arrested by the ED on March 21, 2024. On June 26, 2024, he was formally arrested by the CBI. He was granted interim bail by the Supreme Court in the ED money laundering case on July 12, 2024. The Supreme Court later granted him bail in the CBI case on September 13, 2024.

Maharashtra emerging as key destination of global investors: CM
Maharashtra emerging as key destination of global investors: CM

Indian Express

time37 minutes ago

  • Indian Express

Maharashtra emerging as key destination of global investors: CM

Chief Minister Devendra Fadnavis on Wednesday said that Maharashtra is not only cementing its position as India's leading industrial state but is also emerging as a key destination for global investors. The chief minister was speaking at the event '2025 India Conference: Accelerating Growth, Maharashtra @ One Trillion' hosted by Bank of America at the Taj Mahal Palace Hotel in Mumbai. Highlighting the state's growing role in defence manufacturing, data infrastructure, and startup innovation, Fadnavis said Maharashtra is now prepared for the industries and innovations of the future. The CM said that the Make in India initiative has significantly benefited Maharashtra. Citing the recent success of 'Operation Sindoor', he said it showcases India's evolving defence production capabilities, with Maharashtra emerging as the true epicentre of the country's defence manufacturing sector, despite the presence of industry clusters in states like Uttar Pradesh and Tamil Nadu. He pointed out that Maharashtra currently houses nearly 60 per cent of India's total data centre capacity, and Mumbai has become the fintech capital of the country. The state is also becoming a magnet for startups, offering fertile ground for tech and innovation-driven enterprises. 'Global investors are seeking stable and secure environments to invest in, especially within global supply chains—and India is best placed to offer that,' Fadnavis said, adding that Maharashtra is fully geared to seize this opportunity. The CM said that Maharashtra attracted over Rs 16 lakh crore in investments during the recent World Economic Forum at Davos. Over half of this is directed towards manufacturing, he said, reflecting the tangible impact of the Make in India policy on the ground. Given the geographic limitations of coastal Mumbai, Fadnavis outlined the development of a 'Fourth Mumbai' around the Vadhavan Port region. The proposed city will be three times the size of existing urban zones, featuring themed developments such as edu-city (with 10 international universities),sports city, medicine city, knowledge city and innovation city. He said that going beyond Mumbai, Thane, and Pune, the government is accelerating industrialisation in tier-2 and tier-3 cities. 'Chhatrapati Sambhajinagar is being positioned as an EV manufacturing hub. Gadchiroli is set to become a new 'steel city' with over Rs 1 lakh crore in investments. Cities like Nagpur, Nashik and Dhule are witnessing large-scale investments in IT, manufacturing, and infrastructure,' he said Fadnavis also introduced a three-stage administrative vision: immediate action plan – Maharashtra 2029; mid-term strategy – Maharashtra 2035; and long-term vision – Maharashtra 2047. These plans will integrate emerging technologies like artificial intelligence (AI) into governance and economic planning. A new advanced cybersecurity centre is also in the pipeline to address growing cybercrime threats in a unified manner. Concluding his address, Fadnavis reiterated that Maharashtra is not only chasing rapid industrial and infrastructure growth but is building a resilient, future-ready economy capable of supporting India's rise on the global stage.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store