Mahindra & Mahindra’s FY 2024–25 Financial Statement!

In FY 2024–25, Mahindra & Mahindra (M&M) recorded its highest-ever consolidated financial performance, underscoring the company’s robust fundamentals and effective strategic execution. The group’s consolidated revenue reached ₹1,59,211 crore, up 14% from ₹1,39,227 crore in FY 2023–24. This growth was driven by strong demand in its core segments—automotive and farm equipment—as well as steady contributions from subsidiaries like Tech Mahindra, Mahindra Finance, Mahindra Lifespaces, and Mahindra Logistics. At the same time, consolidated Profit After Tax (PAT) rose to ₹12,929 crore, an increase of about 15–20% year-on-year, depending on adjustments for one-time gains, including the revaluation of the stake in KG Mobility (formerly SsangYong). This strong profitability was achieved despite elevated costs associated with product launches, electric vehicle (EV) R&D, and raw material volatility. The consistent improvement across revenue, profit, and volume metrics demonstrates Mahindra’s ability to generate value in a complex macroeconomic environment.

At the standalone level, covering the company’s Indian automotive and farm equipment operations, M&M reported revenue from operations of ₹1,18,625 crore, up 17% year-on-year from ₹1,01,416 crore in the previous fiscal. This rise was powered by exceptional SUV and tractor sales—especially from bestsellers like the XUV700, Scorpio-N, and Bolero, as well as its premium tractor models in the Yuvo and Arjun series. The standalone Profit After Tax (PAT) stood at ₹11,855 crore, showing an 11% increase over FY 2023–24 (after adjusting for one-offs). The company maintained a strong EBITDA margin of 15.4%, reflecting strong operating leverage, premium product mix, and strategic cost controls. This operational strength enabled Mahindra to declare a record dividend of ₹25.30 per share, up from ₹20.95 in the previous year, reinforcing its commitment to shareholder returns while retaining capital for future growth.

From a business unit perspective, Mahindra retained or gained market leadership across multiple verticals. It held a 43.3% market share in the tractor segment, selling over 407,000 domestic units and achieving 27% export growth in that category. In the SUV segment, Mahindra commanded a 22.5% market share by revenue, led by the strong performance of its rugged, feature-rich models like the Thar, XUV3XO, and XUV700. Meanwhile, in the LCV segment (under 3.5 tonnes), it captured a dominant 51.9% share, particularly in rural and small-business logistics with its Bolero Pik-Up and Supro variants. These category-leading performances, combined with Mahindra’s focused investments in electric mobility (e.g., the Born Electric range) and acquisitions like SML Isuzu, positioned the group for long-term scalability and technology leadership. FY 2024–25 marks a foundational year for Mahindra—blending record financial results with critical investments that will shape its transformation in the coming decade.

Sources:Mint