M&M Q3 Result: Net Profit Jumps Over 19% To Rs 3,180; Check Other Details Here

Consolidated revenue from operations rose by 17.7 per cent year-on-year (YoY), reaching Rs 41,464.98 crore, compared to Rs 35,218.32 crore in the previous year

Mahindra's SUV sales saw a 20 per cent increase during the quarter

Source : Somnath Chatterjee

Mahindra & Mahindra (M&M) reported a 19.6 per cent increase in consolidated net profit for the third quarter (Q3) of the financial year 2024-25 (FY25), reaching Rs 3,180.58 crore, up from Rs 2,658.40 crore in the same period last year. This growth was primarily driven by strong demand for its SUVs and tractors.

Consolidated revenue from operations rose by 17.7 per cent year-on-year (YoY), reaching Rs 41,464.98 crore, compared to Rs 35,218.32 crore in the previous year.

The company’s consolidated profit includes contributions from financial services, IT, hospitality, and other sectors.

On a standalone basis, M&M reported a 19 per cent increase in Q3 profit. The automaker, which leads India's SUV market by revenue, posted a profit of Rs 2,964 crore, up from Rs 2,490 crore in the same quarter last year.

Mahindra's operating margin improved to 15.5 per cent, up from 14.2 per cent last year, primarily driven by the higher profitability from its tractor business.

The company’s consolidated profit also includes contributions from its financial services, IT, hospitality, and other sectors.

Mahindra's SUV sales saw a 20 per cent increase during the quarter, driven by strong demand for models like the XUV 3x0 and the newly launched five-door variant of the Thar. Despite a tough year for Indian carmakers, the company has maintained robust demand across its entire vehicle lineup.

The tractor segment, which is more profitable than Mahindra's automotive division, also saw a 20 per cent rise in sales. Increased farm incomes have significantly contributed to the growing demand for tractors, further solidifying Mahindra's position in the agricultural machinery market.

As a result, the company’s overall volumes increased by 17 per cent, driving a boost in revenue.