Mahindra & Mahindra Posts 20% Profit Increase in Q1 FY25

Mahindra & Mahindra reported a 20% increase in its consolidated net profit for Q1 FY25, reaching Rs 3,283 crore. Revenue grew by 10% to Rs 37,218 crore. The company's strong performance across its businesses, especially in Auto and Farm segments, is expected to continue in FY25.

Mahindra & Mahindra experienced a remarkable 20% increase in its consolidated net profit, reaching Rs 3,283 crore for the first quarter ended June 30, 2024.

The Mumbai-based conglomerate had previously reported a profit after tax of Rs 2,745 crore for the same period last year. Revenue saw a 10% year-on-year rise, climbing to Rs 37,218 crore, as stated in a regulatory filing.

Managing Director & CEO Anish Shah highlighted the strong operating performance across all segments, particularly in Auto and Farm, which continued to gain market share and improve profit margins. Additionally, Mahindra & Mahindra Financial Services Limited (MMFSL) showed improved asset quality, while TechM started focusing on margins. Shah expressed confidence that the momentum would carry through the fiscal year.