Mahindra Q3 results: M&M profit jumps 20% to ₹3,181 crore

Net profit of Mahindra & Mahindra (M&M) rose 20% year-on-year to ₹3,181 crore for the quarter ended December, aided by strong performance  of Auto and Farm businesses.

Revenue from operations increased 18% to ₹41,464 crore for the third quarter compared with ₹35,218 crore in the corresponding period a year ago.

Auto and Farm continue to deliver on growth and margins with profits up 16%. Financial services AUM (assets under management) grew at 19%. Tech Mahindra achieved good traction in deal wins and saw EBIT improvement of 480 basis points.

“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,” says Anish Shah, Managing Director & CEO, M&M.

In the Auto business, quarterly volumes rose 16% to 245,000 units while sales of utility vehicles stood at at 142,000 units.

“The launch of our flagship Electric Origin SUVs, the BE 6 and XEV 9e set a new benchmark in global innovation... In Q3 F25, we were No. 1 in SUV revenue market share with 200 bps YoY increase,” says Rajesh Jejurikar, Executive Director & CEO (Auto and Farm Sector), M&M.

In light commercial vehicles weighing less than 3.5 tonne, M&M’s volume market share is at 51.9%, a gain of 230 basis points, says Jejurikar. “The Auto segment PBIT is up by 120 bps YoY. We achieved highest ever Q3 tractor market share at 44.2%, gain of 240 bps YoY, and farm PBIT is up by 260 bps YoY,” Jejurikar adds.

The Board of Directors of the Company at its meeting held today has approved incorporation of a Wholly Owned Subsidiary by the name of Mahindra Advanced Technologies Limited. The company is proposed to be both an operating and a holding company aims to be a leading player providing integrated, innovative and advanced technologies in the area of security solutions.

“Our Q3 consolidated results reflect strong performance across multiple businesses despite global headwinds. Our operating businesses remain laser focused on execution and we remain committed to disciplined capital allocation to drive long term shareholder value creation,” says Amarjyoti Barua, Group Chief Financial Officer, M&M.