M&M vs Tata Motors vs Maruti vs Hyundai: Who performed better in Q4FY25 results? Check details

Leading automobile manufacturers have reported their Q4FY25 earnings. Tata Motors, M&M, Maruti Suzuki and Hyundai are the top four leaders in the passenger car industry also reported their earnings, showing mixed results. However, a few common trends emerged from the earnings for the quarter and FY25. The overall automobile sales and volumes have grown in low single digits due to falling demand. Here’s how auto makers fared in Q4FY25 results

M&M

Mahindra & Mahindra’s standalone revenue for the quarter jumped 24% YoY to ₹31,608 crore as compared to ₹25,433 crore. The SUV segment reported strong growth of 20% YoY, exceeding the guidance. On the operational front, too, the company reported strong growth with a 23% YoY jump in the EBITDA at ₹4,219 crore as compared to ₹3,427 crore. The EBITDA margin for the quarter remained in the range of 13-13.5%. Lastly, the net profit for the quarter also fared well with 21% YoY to ₹2,437 crore for Q4FY25 as compared to ₹2,000 crore in the previous year's similar quarter.

M&M also retained its pole position in the SUV car segment and revenue market share. The company surpassed Hyundai Motors and Tata Motors in passenger vehicle sales with second largest market share at 13.8%.

Maruti Suzuki

The country’s largest car manufacturer witnessed muted growth in the quarter ended March 31. The company’s total revenue for the quarter jumped 6.3% YoY to ₹40,490 crore as compared to ₹38,471 crore. This was largely due to a 3.5% YoY jump in the sales volume for the quarter at 604,635 units as against 584,031 units in the previous year's similar quarter. The overall sales were cushioned by high double-digit growth in exports at 19% YoY, while domestic sales remained subdued. On the operational front, the EBITDA for the quarter declined by 7% YoY to ₹4,844 crore vs ₹5,221 crore. Lastly, the net profit growth remained flat at ₹3,839 crore as compared to ₹3,874 crore in the previous year's similar quarter.

Country’s largest car maker cautioned on the outlook of entry level segment cars as the demand for small cars wanes. However, the company expects the exports to grow at 20% YoY cushioning the overall growth.

Hyundai Motor India

The Indian arm of Korean carmaker Hyundai witnessed a trend in financials similar to Maruti Suzuki. The total sales for the quarter grew marginally by 1.5% YoY to ₹17,940 crore as compared to ₹17,671 crore in the previous year's similar quarter. This was largely due to muted domestic sales volumes at 153,550 units as against 160,317 units in the previous year’s similar quarter. On the operational front, the company witnessed flat growth in EBITDA at ₹2,532 crore as against ₹2,518 crore in the Q4FY24. Similarly, the EBITDA margin for the quarter stood at 14.12% as against 14.27% in the Q4FY25. Lastly, the net profit for the quarter declined 3.7% YoY to ₹1,614 crore.

The SUV segment gained traction across the urban and rural segments; 67% of the SUVs sold by Hyundai Motors India came from rural India. Similarly, the export growth of 14% YoY helped to cushion the overall sales as domestic demand remained muted. The company has guided weak demand in FY26 and aims to grow in line with the industry growth rate.

Tata Motors

The Tata group company stood as the worst performer amongst the key players in the auto industry. The overall sales remained muted at 0.39% growth at ₹1,19,503 crore as compared to ₹119,003 crore. The overall sales were muted due to low volume growth in commercial vehicle sales. The global wholesale stood at 366,000 units as compared to 377,000 units in the previous quarter. The poor sales also impacted the operational growth as the EBITDA margin dipped by 60 bps to 14% from 14.6%. Similarly, the EBITDA grew slightly by 0.8% at ₹16,818 crore.

The JLR segment also witnessed 1.1% growth in sales at 111,400 units as compared to 110,200 units in the previous year's similar quarter. Meanwhile, margins remained muted for the luxury segment at 15.3% vs 16.3% for the previous year similar quarter.