M&M Q2 results: Net profit surges 13% YoY to ₹3,840.88 crore on higher sales of SUVs

2 min read | Updated on November 07, 2024, 14:25 IST

SUMMARY

M&M Q2 results: Mahindra & Mahindra reported a 13% year-on-year (YoY) increase in its standalone net profit and a 35% jump in its consolidated net profit for Q2 FY25. The company said it recorded the highest-ever quarterly volumes at 2,31,038 units, increasing by 9% YoY, and its SUV volumes rose by 18%.

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M&M

Mahindra’s Auto segment revenue for Q2FY25 grew 14% year-on-year, reaching ₹21,110.28 crore, up from ₹18,514.74 crore

Mahindra & Mahindra Ltd (M&M), on Thursday, November 7, posted a standalone net profit of ₹3,840.88 crore for the quarter ending September 30, 2024 (Q2 FY25), thereby reporting a growth of 13.2% YoY from ₹3,393.06 crore logged in the same quarter last year.

The automaker’s standalone revenue from operations for the quarter jumped to ₹27,553 crore, up 12.94% as compared to ₹24,394.79 crore registered in the year-ago period. The company’s consolidated net profit increased by 35% YoY to ₹3,171 crore, and consolidated revenue from operations climbed 10% to ₹37,689 crore.

After the quarterly earnings announcement, shares of the company were trading 0.2% lower at ₹2,927.95 apiece at 1:24 pm on the NSE.

M&M said that its automobile segment achieved a record quarterly volume of 231,038 units in the September 2025 quarter, increasing by 9% YoY. Tractor sales in the same period grew by 4% YoY, reaching 92,382 units. Moreover, the Farm Equipment Segment of the company recorded the highest-ever Q2 market share, at 42.5%. The company also reported an 18% YoY increase in SUV volumes.

At the operational level, earnings before interest, taxes, depreciation, and amortisation (EBITDA) for the quarter that ended September 2024 rose by 30%, reaching ₹3,908 crore as compared to ₹2,993 crore seen in the same period last year. The EBITDA margin also improved by 190 basis points (bps), rising to 14.2% from 12.3% YoY.

Also Read: Trent Q2 results: Zudio operator posts 47% increase in net profit, revenue up 39%

Automobile and Farm Equipment segments

Mahindra’s auto segment revenue for Q2 FY25 grew 14% year-on-year, reaching ₹21,110.28 crore, up from ₹18,514.74 crore. The segment’s earnings before interest and taxes (EBIT) also saw a 17.37% increase, rising to ₹2,005.98 crore from ₹1,709.08 crore in the year-ago period.

The farm equipment segment of the company reported a revenue growth of 9.75%, reaching ₹6,496.81 crore in the quarter ended September 2024, rising from ₹5,919.51 crore in the same period last year. The segment’s EBIT jumped 20% YoY to ₹1,136.22 crore in Q2FY25 from the previous figure of ₹946.33 crore.

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About The Author

Vani Dua is a journalism graduate from LSR College, Delhi. She is passionate about news and presently covers markets, business, economy, and other related fields. She is an avid reader and loves to spend her time weaving stories in her head.

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M&M Q2 results: Net profit surges 13% YoY to ₹3,840.88 crore on higher sales of SUVs

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