Mahindra Posts Strong Q2 FY25 Results with 35% Profit Surge

Mahindra & Mahindra Ltd (M&M) announced a robust financial performance for the second quarter of fiscal year 2025, posting a 35 per cent year-on-year increase in consolidated net profit to ₹3,171 crore. This growth was driven by strong performances across its automotive, farm equipment, and services segments. 

The company’s consolidated income from operations rose to ₹37,924 crore, a 10 per cent increase over the previous year, signalling steady revenue growth. Following the earnings announcement, M&M’s stock, which had been trading in the red, saw a positive shift and was trading at ₹2,939 on the National Stock Exchange (NSE), up by 0.15 per cent from the prior close. 

Mahindra’s automotive segment achieved a record quarterly volume of 231,000 units, a performance that contributed substantially to the company’s consolidated revenue. The segment’s revenue climbed 15 per cent year-on-year to ₹21,755 crore, and its profit after tax (PAT) jumped 40 per cent, reaching ₹1,423 crore. The recent launch of the Thar Roxx and expanded production capacity for SUVs were key contributors to this growth, as SUV sales volumes increased by 18 per cent, boosting M&M’s SUV market share by 190 basis points to 21.9 per cent.

While tractor demand in India experienced a resurgence, pushing tractor sales volume up 4 per cent to 92,382 units, Mahindra’s farm equipment segment faced challenges in the international market. Consequently, revenue from the farm equipment segment saw a slight dip, landing at ₹8,194 crore. The segment’s profit after tax (PAT) remained largely unchanged at ₹800 crore, reflecting the mixed performance within the segment.

On a standalone basis, Mahindra & Mahindra reported a net profit of ₹3,841 crore for Q2 FY25, a 13 per cent increase over the prior year. Standalone revenue from operations grew 12 per cent to ₹28,919 crore.