Mahindra & Mahindra Q4 Results: Revenue up 25% from last year, margin expands and beats estimates

Mahindra & Mahindra Ltd., the manufacturer and distributor of passenger and commercial vehicles and tractors reported March quarter results on Monday, May 5, which were a beat on analyst expectations on most parameters.

Consolidated revenue for the quarter went up by 24.5% from last year to ₹31,353 crore, which was higher than the CNBC-TV18 poll of ₹30,137 crore.

Net profit for the quarter stood at ₹2,437 crore, which was in-line with the CNBC-TV18 poll of ₹2,450 crore. On a year-on-year basis, net profit went up by 19.6%.

Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA), increased by 39% from last year to ₹4,683 crore. A CNBC-TV18 poll was working with a estimate of ₹4,158 crore.

EBITDA margin for the quarter stood at 14.9% from 13.4% last year. The figure is also higher than the CNBC-TV18 poll of 13.8%.

The company attributed the results to strong growth, execution excellence and capital allocation discipline.

For the company's Auto segment, volumes during the quarter went up by 18%, while revenue market share went up by 310 basis points to 23.5%.

Farm equipment volumes during the quarter grew by 23% year-on-year, while its market share at the end of financial year 2025 went up by 170 basis points to 43.3%.

Realisations for the quarter went up by 5% from last year and 11% on a sequential basis.

"Out results include nearly ₹10,000 crore of cash generation in financial year 2025, which gives us the ability to continue to drive value for our shareholders through strategic investments," M&M Group CFO Amarjyoti Barua said.

The company has declared a dividend of ₹25.3 per share for its shareholders.

Shares of Mahindra & Mahindra are trading 2.2% higher post the results announcement to trade at ₹2,990.7. The stock had risen 20% in the one month ahead of the earnings announcement.