Mumbai, May 5, 2025 — Mahindra & Mahindra Ltd. (M&M) posted robust financial and operational performance for the fiscal year ending March 2025, reporting significant gains in revenue, market share, and profitability across its diverse business verticals.
The company recorded a 14% rise in consolidated revenue to ₹1,59,211 crore for FY25. Consolidated profit after tax (PAT), excluding the impact of KG Mobility, surged 20% to ₹12,929 crore, while return on equity (ROE) stood at a strong 18.1%, with earnings per share (EPS) reaching ₹115.1.
Segment Leadership and Growth
M&M strengthened its market dominance across multiple segments:
- SUVs: Maintained its #1 position with a 22.5% revenue market share, up 210 basis points (bps) year-on-year.
- Light Commercial Vehicles (<3.5T): Topped the category with a 51.9% market share, up 290 bps. The Bolero Max Pickup 2T contributed to the LCV 2-3.5T segment performance.
- Tractors: Achieved an all-time high full-year market share of 43.3%, up 170 bps, retaining its leadership in the farm equipment sector.
- Electric 3-Wheelers: Captured a commanding 42.9% market share, with volume growing 4.5 times over the past three years.
Subsidiary Highlights
- Mahindra Finance (MMFSL) reported a 17% increase in Assets Under Management (AUM), a decline in Stage 3 assets (GS3) to under 4%, and a 33% rise in PAT.
- Tech Mahindra improved its EBIT margin to 9.7%, up 360 bps, signaling an operational turnaround.
- Mahindra Lifespace Developers (MLDL) recorded its highest ever Gross Development Value (GDV) acquisition at ₹18,000 crore and a 20% increase in residential pre-sales to ₹2,804 crore.
- Mahindra Holidays & Resorts India Ltd. (MHRIL) expanded its room inventory by 10% to 5,847, adding a record 520 keys during the year.
M&M’s strong performance across verticals reinforces its position as a diversified conglomerate with strategic focus on growth, innovation, and sustainability.
