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Time of India
06-05-2025
- Automotive
- Time of India
M&M shares rise over 4% as Q4 results beat estimates
Shares of Mahindra & Mahindra (M&M) climbed as much as 4.3% on Tuesday to₹3,150 on BSE after the auto major posted stronger-than-expected March quarter results and announced a sharp hike in its annual dividend, drawing positive commentary from brokerages. Mahindra & Mahindra on Monday reported a 22% year-on-year (YoY) jump in standalone net profit to₹2,437 crore for the March quarter, while revenue climbed 24% YoY to₹31,609 crore — both surpassing Dalal Street estimates. Consolidated profit after tax grew 20% YoY to₹3,295 crore during the quarter, with revenue from operations up 20% YoY at₹42,599 crore. The automaker's robust numbers were backed by double-digit growth across segments. Total vehicle sales rose 18% YoY to 2,53,028 units, including an 18% rise in utility vehicle (UV) volumes to about 1.49 lakh units and a 23% increase in tractor sales to 87,138 units. The company's revenue market share in autos expanded 310 basis points (bps) to 23.5% in Q4, while its farm segment market share improved by 170 bps to 43.3% for FY25. M&M's board recommended a dividend of ₹25.30 per share, marking a 20% increase for FY26, with a record date set for July 4, 2025. Following the results, the stock climbed as much as 2% on Monday to₹2,997 on the BSE. Rajesh Jejurikar, Executive Director & CEO (Auto and Farm Sector), said, 'We continued our outstanding performance in Q4 FY25, recording a significant 310 bps YoY gain in SUV revenue share and a 480 bps YoY gain in the LCV ( Amarjyoti Barua, M&M's CFO, added, 'Our results include nearly₹10,000 crore of cash generation in FY25, enabling us to continue creating shareholder value through strategic investments.' Brokerages bullish on outlook Brokerages have largely maintained a bullish stance on the stock, citing robust growth prospects across M&M's core businesses. Motilal Oswal retained its 'Buy' rating with a target price of₹3,482, noting that the company 'reported a better-than-expected operating performance in Q4FY25. Believe M&M is well placed to outperform across its core businesses, led by a healthy recovery in rural areas and new product launches across both the UV and tractor segments.' The brokerage has raised earnings estimates by 4% and 6% for FY26 and FY27, forecasting a revenue and EBITDA CAGR of about 13% over FY25- 27. Nuvama also kept its 'Buy' call with an unchanged target price of₹3,700. 'Growth prospects robust. Expect the auto segment's revenue CAGR to be 16% on healthy demand for Thar, XUV 3XO and XEV.9e along with a pipeline of new models,' Nuvama said, projecting revenue and core earnings CAGR of 15% and 18%, respectively, over FY25-27, with return on invested capital sustained above 55%.
Time of India
06-05-2025
- Automotive
- Time of India
Mahindra & Mahindra shares in focus as Q4 results beat estimates. Should you buy, sell, or hold?
Live Events Brokerages bullish on outlook (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Mahindra & Mahindra (M&M) are set to be in focus on Tuesday after the auto major posted stronger-than-expected March quarter results and announced a sharp hike in its annual dividend, drawing positive commentary from & Mahindra on Monday reported a 22% year-on-year (YoY) jump in standalone net profit to Rs 2,437 crore for the March quarter, while revenue climbed 24% YoY to Rs 31,609 crore — both surpassing Dalal Street estimates. Consolidated profit after tax grew 20% YoY to Rs 3,295 crore during the quarter, with revenue from operations up 20% YoY at Rs 42,599 automaker's robust numbers were backed by double-digit growth across segments. Total vehicle sales rose 18% YoY to 2,53,028 units, including an 18% rise in utility vehicle (UV) volumes to about 1.49 lakh units and a 23% increase in tractor sales to 87,138 units. The company's revenue market share in autos expanded 310 basis points (bps) to 23.5% in Q4, while its farm segment market share improved by 170 bps to 43.3% for FY25.M&M's board recommended a dividend of Rs 25.30 per share, marking a 20% increase for FY26, with a record date set for July 4, 2025. Following the results, the stock climbed as much as 2% on Monday to Rs 2,997 on the Jejurikar, Executive Director & CEO (Auto and Farm Sector), said, 'We continued our outstanding performance in Q4 FY25, recording a significant 310 bps YoY gain in SUV revenue share and a 480 bps YoY gain in the LCV (<3.5T) market share. In tractors, we achieved our highest-ever Q4 market share at 41.2%, up 180 bps YoY.'Amarjyoti Barua, M&M's CFO, added, 'Our results include nearly Rs 10,000 crore of cash generation in FY25, enabling us to continue creating shareholder value through strategic investments.'Brokerages have largely maintained a bullish stance on the stock, citing robust growth prospects across M&M's core Oswal retained its 'Buy' rating with a target price of Rs 3,482, noting that the company 'reported a better-than-expected operating performance in Q4FY25. Believe M&M is well placed to outperform across its core businesses, led by a healthy recovery in rural areas and new product launches across both the UV and tractor segments.'The brokerage has raised earnings estimates by 4% and 6% for FY26 and FY27, forecasting a revenue and EBITDA CAGR of about 13% over FY25- also kept its 'Buy' call with an unchanged target price of Rs 3, read | M&M Q4 Results: Standalone PAT jumps 22% YoY to Rs 2,437 crore; dividend declared at Rs 25.30/share 'Growth prospects robust. Expect the auto segment's revenue CAGR to be 16% on healthy demand for Thar, XUV 3XO and XEV.9e along with a pipeline of new models,' Nuvama said, projecting revenue and core earnings CAGR of 15% and 18%, respectively, over FY25-27, with return on invested capital sustained above 55%.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
