Mahindra & Mahindra Q3 net profit rises 19% to ₹2,964 crore, revenue up 20%

In the year-ago quarter, the post-tax profit was at ₹2,489.73 crore.

Revenue from operations rose 20.3% to ₹30,538.23 crore in the latest October-December quarter compared to ₹25,382.88 crore a year back.

Earnings before interest, taxes, depreciation, and amortisation (EBITDA) rose 32% to ₹4,810 crore in the reporting quarter as against ₹3,649 crore in the same period of the previous fiscal.

During the quarter, the company sold 2,45,499 vehicles, up 16% from 2,11,443 vehicles in Q3 FY24. It also posted a 20% year-on-year (YoY) increase in tractor sales to 120,624.

Mahindra & Mahindra share price

Following the earnings announcement, Mahindra & Mahindra shares were trading 0.32% lower at ₹3,130 apiece on the National Stock Exchange (NSE) at 2:01 pm.

The stock has gained 5.27% in the past week and 14.3% in the last six months. In the past year, it has advanced by 80.8%.

On a consolidated basis, profit after tax (PAT) rose 20% to ₹3,181 crore in Q3 FY25, compared to ₹2,658 crore in the corresponding period in FY24. Revenue rose 17% YoY to ₹41,470 crore.

Dr Anish Shah, Managing Director and Chief Executive Officer (CEO) of M&M, said, "Our businesses continue to demonstrate strength in execution. Auto and Farm delivered solid performance on market share and margins on the back of focused execution. The transformation at TechM is gathering momentum. MMFSL continues to balance asset quality and growth priorities, with GS under 4% on the back of strong AUM growth. Our Growth Gems are demonstrating steady progress towards their long-term objectives."

Rajesh Jejurikar, the CEO of M&M's auto and farm business, said that the launch of flagship Electric Origin SUVs, the BE 6 and XEV 9e, set a new benchmark in global innovation.

The automobile manufacturer also approved the incorporation of a wholly-owned subsidiary of Mahindra Advanced Technologies Ltd, which will be involved in the "design, development, manufacture, supply, dealing, operating, trading, overhaul, repair, maintenance and services of all kinds of security solutions," the company said in an exchange filing.