Mahindra & Mahindra reports 20% rise in Q3 profit, driven by auto and farm segments
Mahindra Auto Q3 performance
M&M's auto division reported quarterly volumes of 245,000 units, a 16% increase. Utility vehicle (UV) volumes reached 142,000 units. Standalone profit before interest and tax (PBIT) for the auto segment rose 37% to INR 2,167 crore, with PBIT margin expanding by 120 basis points to 9.7%. Consolidated revenue for the auto division increased 21% to INR 23,391 crore, while consolidated PAT grew 20% to INR 1,438 crore.
Mahindra farm equipment Q3 performance
The farm equipment division achieved its highest ever Q3 market share at 44.2%, with volumes up 20% to 121,000 units. Standalone PBIT for the farm segment surged 42% to INR 1,479 crore. PBIT margin expanded by 260 basis points to 18.1%. Consolidated revenue for the farm division increased 11% to INR 9,537 crore, and consolidated PAT also rose 11% to INR 996 crore.
“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,” stated Dr. Anish Shah, Managing Director & CEO, M&M Ltd.
“The launch of our flagship Electric Origin SUVs, the BE 6 and XEV 9e set a new benchmark in global innovation. Thar ROXX won the Indian Car of the Year (ICOTY) as well as Autocar car of the year. In Q3 F25, we were No. 1 in SUV revenue market share with 200 bps YoY increase," mentioned Rajesh Jejurikar, Executive Director & CEO (Auto and Farm Sector), M&M Ltd.
