Mahindra & Mahindra reported robust growth for the quarter ended September 30, 2024, with consolidated revenue and profit showing significant year-over-year and quarter-over-quarter improvements.
Financial Highlights
- Revenue: Mahindra’s consolidated revenue for Q2 FY25 stood at ₹37,924 crore, marking a 10% YoY increase from ₹34,436 crore in Q2 FY24.
- Net Profit (PAT): Consolidated net profit rose to ₹3,171 crore, reflecting a 35% YoY jump compared to ₹2,348 crore in the same period last year.
Segment Highlights
- Auto Segment:
- Record-breaking quarterly volumes at 231,000 units, up 9%.
- Auto revenue reached ₹21,755 crore, growing by 15% YoY.
- Net profit in the auto division was ₹1,423 crore, an impressive 40% YoY rise.
- Farm Segment:
- Q2 market share reached an all-time high at 42.5%.
- Farm revenue slightly decreased by 2% YoY to ₹8,194 crore, impacted by global challenges.
- PAT for the farm segment remained flat at ₹800 crore.
- Services Segment:
- Revenue for services rose 12% YoY to ₹9,010 crore, while PAT more than doubled.
These results reflect Mahindra’s strategic focus on expanding market share, especially in the SUV and tractor markets, while maintaining strong profitability across segments.
Outlook
Mahindra continues to strengthen its position in key sectors, especially in SUVs, tractors, and electric vehicles. The company expects sustained demand in the domestic market and is optimistic about its growth trajectory despite global economic uncertainties.
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