The makers of best seller SUVs like Scorpio and Thar, Mahindra and Mahindra reported 20% YoY jump in Q3FY25 profit at Rs 3,181 crore Vs Rs 2,658 crore in FY25. The Q3FY25 revenue came in at Rs 41,470 crore, up 17% YoY from Rs 35,299 crore in the same quarter last fiscal. The growth is powered by margin expansion in the auto and Farm division.
The company’s revenue and market share for both the automotive and the farm division saw significant uptick. The revenue market share from SUVs are up while volumes jumped 20%. The tractor sales in fact clocked the highest-ever domestic volume and market share expanded 240 bps.
All eyes on latest EV offerings
The new EV launches are seen as some of the key offerings from M&M in the current quarter- Q4FY25. Bookings for Mahindra BE6 and XEV 9e are set to start on February 14 and deliveries are likely to begin mid-March. The BE6 is available in five variants while the XEV 9e has 4 variants. The starting price for the BE6 is Rs 18.9 lakh while the XEV 9e starts at Rs 21.9 lakh and the top trim costs Rs 30.50 lakh.
Speaking on the company’s performance, Rajesh Jejurikar, Executive Director & CEO (Auto and Farm Sector), M&M said, “The launch of our flagship Electric Origin SUVs, the BE 6 and XEV 9e set a new benchmark in global innovation. In Q3FY25, we were No. 1 in SUV revenue market share with 200 bps YoY increase. LCV < 3.5T volume market share is at 51.9%, a gain of 230 bps. The Auto segment PBIT is up by 120 bps YoY. We achieved highest ever Q3 tractor market share at 44.2%, gain of 240 bps YoY, and farm PBIT is up by 260 bps YoY.”
