Mahindra & Mahindra reported a 20% increase in consolidated profit after tax (PAT) to INR 3,181 crore in Q3 FY25, driven by strong performance across its automotive, farm equipment, financial services, and technology sectors. Growth and margin expansion in the auto and farm segments contributed to a 16% rise in profits.
Mahindra Auto Q3 Performance
M&M’s auto division recorded quarterly volumes of 245,000 units, marking a 16% increase, with utility vehicle (UV) sales reaching 142,000 units. Standalone profit before interest and tax (PBIT) for the auto segment rose 37% to INR 2,167 crore, while PBIT margin expanded by 120 basis points to 9.7%. Consolidated revenue for the auto division grew 21% to INR 23,391 crore, and consolidated PAT rose 20% to INR 1,438 crore.
Mahindra Farm Equipment Q3 Performance
Mahindra’s farm equipment division achieved its highest-ever Q3 market share at 44.2%, with volumes rising 20% to 121,000 units. Standalone PBIT surged 42% to INR 1,479 crore, while PBIT margin expanded 260 basis points to 18.1%. Consolidated revenue for the farm division grew 11% to INR 9,537 crore, with consolidated PAT increasing 11% to INR 996 crore.
Leadership Insights
Dr. Anish Shah, Managing Director & CEO, M&M Ltd., stated, “Our businesses continue to demonstrate strength in execution. Auto and Farm delivered solid performance in market share and margins through focused execution. The transformation at TechM is gaining momentum, and MMFSL is balancing asset quality and growth, maintaining GS under 4% amid strong AUM growth. Our Growth Gems are steadily progressing toward long-term objectives.”
Rajesh Jejurikar, Executive Director & CEO (Auto and Farm Sector), M&M Ltd., highlighted, “The launch of our flagship Electric Origin SUVs, the BE 6 and XEV 9e, sets a new benchmark in global innovation. Thar ROXX won both the Indian Car of the Year (ICOTY) and Autocar Car of the Year. In Q3 FY25, we led in SUV revenue market share, gaining 200 basis points YoY.”
 to INR 3,181 crore in Q3 FY25, driven by strong performance across its automotive, farm equipment, financial services, and technology sectors. Growth and margin expansion in the auto and farm segments contributed to a 16% rise in profits.){kind=link}