Mahindra Reports Strong Q3 Performance with SUVs Gaining 16 Per Cent Growth

Mahindra has reported strong financial and operational performance across its business segments for Q3 of F25, with a consolidated Profit After Tax (PAT) of ₹3,181 crore, reflecting a 20 per cent year-on-year increase. Mahindra retained its #1 position in the SUV segment with a revenue market share of 23 per cent, up 200 basis points (bps). SUV volumes surged 20 per cent during the quarter. In the light commercial vehicle (<3.5T) segment, the company led with a market share of 51.9 per cent, an increase of 230 bps. The company also strengthened its position as the market leader in tractors with a 44.2 per cent share, up 240 bps. Additionally, Mahindra maintained its dominance in the electric 3-wheeler market with a 41.8 per cent share. 

Mahindra reported consolidated revenue of ₹41,470 crore, up 17 per cent year-on-year. The consolidated PAT stood at ₹3,181 crore, marking a 20 per cent increase. The company’s year-to-date Return on Equity (RoE) reached 18.4 per cent, while Earnings Per Share (EPS) was reported at ₹86.

The auto segment saw quarterly volumes of 245,000 units, reflecting a 16 per cent growth. Utility vehicle (UV) volumes reached 142,000 units. Standalone Profit Before Interest and Tax (PBIT) rose to ₹2,167 crore, up 37 per cent, with a PBIT margin of 9.7 per cent, up 120 bps. The segment's consolidated revenue grew to ₹23,391 crore, up 21 per cent while consolidated PAT increased by 20 per cent to ₹1,438 crore.

Mahindra’s farm segment recorded its highest-ever Q3 market share at 44.2 per cent, with volumes reaching 121,000 units, a 20 per cent rise. Standalone PBIT stood at ₹1,479 crore, up 42 per cent, with a PBIT margin of 18.1 per cent, up 260 bps. Consolidated revenue for the farm segment reached ₹9,537 crore, reflecting an 11 per cent increase, while consolidated PAT stood at ₹996 crore, up 11 per cent.