Mahindra & Mahindra Limited has announced robust financial results for the first quarter of the fiscal year 2025, reflecting significant growth and advancements in its electric vehicle segment.
Key Financial Highlights:
- Consolidated Revenue: ₹37,218 Crore, up 10% year-over-year.
- Consolidated PAT: ₹3,283 Crore, marking a 20% increase, excluding previous year’s gains from KG Mobility and MCIE sales.
- Robust Return on Equity: 19.4%.
Electric Mobility Advances:
Mahindra & Mahindra continues to lead in the electric vehicle sector, with a notable market share in electric three-wheelers. The company maintains a dominant position with a 43.4% market share in this segment. This is part of their broader strategy to drive growth in electric mobility as they expand their market presence.
Automotive Sector Performance:
- Market Leadership: Mahindra holds the top spot in SUVs with a 21.6% revenue market share, up 130 basis points, and in Light Commercial Vehicles (LCVs) under 3.5T, with a market share of 50.9%, up 160 basis points. Additionally, the company leads in tractor sales with a 44.7% market share, up 180 basis points.
- Record Volumes: The company reported its highest-ever Q1 volumes at 212,000 units, with a 14% increase, including a record 124,000 units for UVs.
- Standalone Performance: PBIT (Profit Before Interest and Taxes) stood at ₹1,798 Crore, a 39% increase, with a PBIT margin of 9.5%, up 180 basis points.
Farm Sector Insights:
- Record Tractor Volumes: The farm sector achieved its highest-ever quarterly volumes at 120,000 units, reflecting a 5% growth.
- Machinery Revenue: Farm machinery revenue for Q1 reached ₹265 Crore, up 34%.
Financial Services and Other Divisions:
- MMFSL: Assets Under Management (AUM) grew by 23%, with an improvement in asset quality and a 37% increase in consolidated PAT.
- Tech Mahindra: The transformation efforts are showing results with a 170 basis points improvement in EBIT margin and a 23% rise in PAT.
- Mahindra Lifespaces: Residential pre-sales surged to ₹1,019 Crore, tripling from previous figures.
- Club Mahindra: Total income grew by 8%, crossing a cumulative member base of 300,000.
Dr. Anish Shah, Managing Director & CEO of M&M Ltd., highlighted the company’s strong start to the fiscal year and continued expansion in Auto and Farm sectors, emphasizing the ongoing transformation in MMFSL and Tech Mahindra.
Rajesh Jejurikar, Executive Director & CEO (Auto and Farm Sector), noted the company’s market share gains and record tractor volumes, along with improved profit margins.
Amarjyoti Barua, Group CFO, acknowledged the robust margin expansion and ongoing capital investment plans, aligning with previously communicated strategies.
Mahindra & Mahindra remains focused on scaling its electric vehicle offerings and capitalizing on its leadership positions across various segments.
