Mahindra & Mahindra (M&M) Q4 Results – Explained.

Profit Jumped: - M&M made a net profit of ₹2,437 crore in the last quarter (Jan–Mar 2025). - That’s a 22% increase compared to ₹2,000 crore a year ago. Revenue Grew: - M&M earned ₹31,609 crore in revenue, up 24% from last year’s ₹25,434 crore. Dividend Alert: - The company will give ₹25.3 per share as dividend. - Record date: July 4, 2025 (you must own the shares by this date to get dividend). Auto Business – Strong Growth • SUV revenue market share increased by 3.1%. • Light commercial vehicles (LCVs < 3.5T) gained 4.8% market share. • Auto business profit margin improved. Tractor & Farm Business – Even Better • Achieved highest-ever Q4 tractor market share: 41.2% • Pre-tax profits in farm business grew by 51%! • EBIT margin in this segment rose from 15.8% to 19.4% One-Time Expense - M&M took a ₹645 crore hit for its international tractor business (just this quarter). Margins • Overall operating margin: 13.35% (slightly lower than 13.48% last year) • Auto EBIT margin: 9.2% (vs 8.8%) • Farm EBIT margin: 19.4% (vs 15.8%) What the Management Said • Business units like Auto, Farm, and Finance performed well. • “We are building strong businesses to give long-term value to investors,” said Group CEO Anish Shah. Mahindra & Mahindra delivered strong growth across its auto and farm businesses, boosting profits and market share. With a healthy dividend and solid execution, the company continues to build long-term value for its shareholders.