Mahindra & Mahindra Q2 Results: Net Profit Jumps 35%

Mahindra & Mahindra Ltd (M&M) reported a robust performance for the second quarter of FY25, with consolidated net profit surging 35% year on year to ₹3,171 crore, compared to ₹2,348 crore in the year ago period. This growth was primarily driven by strong earnings in its automotive and services segments, including record sales volumes in SUVs and expanding market share across both auto and tractor divisions. The company’s consolidated income from operations rose 10% year on year to ₹37,924 crore, reflecting continued demand for M&M's offerings and market leadership.

Following the earnings release, M&M shares recovered from earlier losses and were trading at ₹2,939 on the NSE at 12:25 pm, up 0.15% from the previous close.

Mahindra & Mahindra Quater Results - Quick Insights

• Net Profit: ₹3,171 crore, up 35% YoY.
• Income from Operations: ₹37,924 crore, up 10% YoY.
• Automotive Segment: Highestever quarterly volumes at 231,000 units, revenue up 15% YoY.
• Farm Equipment Segment: Tractor volumes rose 4% YoY, revenue slightly declined by 2%.
• Services Segment: Revenue grew 12% YoY, driven by Mahindra Finance and Tech Mahindra.

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Management Commentary

Anish Shah, M&M’s Managing Director & CEO, expressed satisfaction with the quarter's performance, emphasizing the company’s market leadership in both the auto and farm equipment sectors. “Our businesses have delivered a solid operating performance this quarter. Auto and Farm continued to strengthen market leadership by gaining market share and expanding margins,” he said. Amarjyoti Barua, Group CFO at M&M Ltd., noted, “While the Auto and Farm segments continue to deliver strong performance, this quarter also reflected the strength of our Services portfolio.”

Rajesh Jejurikar, Executive Director & CEO of M&M's Auto and Farm sector, stated, “In Q2 FY25, we gained market share across both our Auto and Tractor businesses. SUV volumes increased by 18% YoY, maintaining leadership in revenue market share.”

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Stock Market Reacted to M&M Quater Results

Following Mahindra & Mahindra’s (M&M) strong Q2-FY25 results, the company’s stock experienced a brief dip but soon recovered and turned positive. Initially, shares traded lower in the morning, reflecting cautious investor sentiment. However, as the robust quarterly performance details were released—highlighting a 35% year on year increase in consolidated net profit to ₹3,171 crore, alongside solid growth in the auto and services segments—the stock saw renewed buying interest. M&M shares climbed to ₹2,939 on the NSE by noon, a 0.15% increase from the previous close. The stock remained in focus, especially as the market absorbed key metrics such as record SUV sales volumes, increased EBITDA margins, and positive guidance on tractor growth.

About Mahindra Mahindra Ltd

With market share gains in both the automotive and farm segments, M&M is well positioned to sustain growth momentum in the coming quarters. The company’s raised outlook for tractor growth reflects confidence in the resilience of its core markets. As M&M continues to optimize its services portfolio and expand its SUV capacity, the company remains a leading player in India’s automotive and farme.