Mahindra & Mahindra Q4 Results Beat Estimates with 19.6% Profit Growth; Declares Rs 25.3 Dividend

Mahindra & Mahindra Ltd. (M&M), one of India's leading manufacturers of automobiles and farm equipment, reported strong financial results for the quarter ended March 2025, surpassing analyst expectations on key performance indicators.

The company posted a consolidated net profit of Rs 2,437 crore for the fourth quarter, aligning closely with CNBC-TV18’s poll estimate of Rs 2,450 crore. The figure marks a robust 19.6 per cent increase compared to the same period last year.

Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) stood at Rs 4,683 crore, a significant 39 per cent jump from the previous year and well above the estimated Rs 4,158 crore. The EBITDA margin rose to 14.9 per cent, up from 13.4 per cent a year ago, and higher than the CNBC-TV18 projection of 13.8 per cent.

The company attributed its strong performance to sustained growth, operational efficiency, and prudent capital allocation.
In the automotive segment, M&M saw an 18 per cent rise in quarterly volumes, with revenue market share expanding by 310 basis points to 23.5 per cent. The farm equipment division also performed strongly, with volumes increasing 23 per cent year-on-year. The segment's market share for FY25 grew by 170 basis points, reaching 43.3 per cent.

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The company also reported improved realisations, up 5 per cent year-on-year and 11 per cent sequentially.
“Our performance reflects nearly Rs 10,000 crore in cash generation during FY25, which enhances our ability to deliver long-term value to shareholders through strategic investments,” said Amarjyoti Barua, Group CFO of Mahindra & Mahindra.

The board has declared a final dividend of Rs 25.3 per share for shareholders.
Following the earnings announcement, shares of M&M rose by 2.2 per cent to Rs 2,990.7. The stock had already gained 20 per cent in the month leading up to the results.