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.

(With inputs from agencies.)