Shares of Mahindra and Mahindra declined by 2.09% to Rs 3,136.00 in early trade on Friday on the NSE. This decline reflects a shift in investor sentiment, with the stock reacting to market dynamics.
Financial Performance:
The consolidated financial performance of Mahindra and Mahindra shows consistent growth in revenue and net profit over the past few years. Here's an overview:
Quarterly Results:
Revenue for the quarter-ending June 2025 stood at Rs 45,529.19 Crore, up from Rs 37,217.72 Crore in June 2024. Net profit for the same period was Rs 3,898.44 Crore, compared to Rs 3,221.34 Crore in the previous year. Earnings per share (EPS) increased to Rs 36.58 from Rs 29.44.
| Heading | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|
| Revenue | Rs 37,217.72 Crore | Rs 37,923.74 Crore | Rs 41,470.05 Crore | Rs 42,599.31 Crore | Rs 45,529.19 Crore |
| Net Profit | Rs 3,221.34 Crore | Rs 2,894.71 Crore | Rs 3,317.22 Crore | Rs 3,102.48 Crore | Rs 3,898.44 Crore |
| EPS | 29.44 | 28.43 | 28.51 | 29.52 | 36.58 |
The annual revenue for the year-ending March 2025 was Rs 158,749.75 Crore, a significant increase from Rs 74,277.78 Crore in 2021. The net profit also saw substantial growth, reaching Rs 12,535.75 Crore in 2025 compared to Rs 2,425.26 Crore in 2021. EPS rose from Rs 16.33 in 2021 to Rs 115.91 in 2025.
| Heading | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | Rs 74,277.78 Crore | Rs 90,170.57 Crore | Rs 121,268.55 Crore | Rs 138,279.30 Crore | Rs 158,749.75 Crore |
| Net Profit | Rs 2,425.26 Crore | Rs 5,397.22 Crore | Rs 9,869.04 Crore | Rs 11,148.39 Crore | Rs 12,535.75 Crore |
| EPS | 16.33 | 59.20 | 92.41 | 101.14 | 115.91 |
| BVPS | 456.20 | 510.96 | 602.37 | 695.30 | 690.13 |
| ROE | 4.35 | 13.95 | 18.24 | 17.02 | 16.78 |
| Debt to Equity | 1.43 | 1.58 | 1.57 | 1.56 | 1.57 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Sales | 74,277 | 90,170 | 121,268 | 138,279 | 158,749 |
| Other Income | 1,033 | 934 | 1,206 | 2,952 | 2,611 |
| Total Income | 75,310 | 91,105 | 122,475 | 141,231 | 161,361 |
| Total Expenditure | 65,137 | 78,581 | 104,090 | 118,887 | 134,735 |
| EBIT | 10,173 | 12,524 | 18,384 | 22,344 | 26,625 |
| Interest | 6,102 | 5,018 | 5,829 | 7,488 | 9,083 |
| Tax | 1,645 | 2,108 | 2,685 | 3,707 | 5,006 |
| Net Profit | 2,425 | 5,397 | 9,869 | 11,148 | 12,535 |
| Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | |
|---|---|---|---|---|---|
| Sales | 37,217 | 37,923 | 41,470 | 42,599 | 45,529 |
| Other Income | 408 | 659 | 411 | 701 | 916 |
| Total Income | 37,626 | 38,582 | 41,881 | 43,301 | 46,446 |
| Total Expenditure | 31,222 | 32,092 | 34,734 | 36,717 | 38,848 |
| EBIT | 6,404 | 6,490 | 7,146 | 6,583 | 7,597 |
| Interest | 2,107 | 2,217 | 2,362 | 2,396 | 2,431 |
| Tax | 1,075 | 1,378 | 1,467 | 1,084 | 1,267 |
| Net Profit | 3,221 | 2,894 | 3,317 | 3,102 | 3,898 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Operating Activities | 17,908 | 9,247 | -7,074 | -5,629 | 3,175 |
| Investing Activities | -18,446 | -3,225 | -8,547 | -5,597 | -18,626 |
| Financing Activities | 406 | -5,882 | 15,946 | 12,281 | 15,834 |
| Others | 14 | -26 | -319 | -17 | 9 |
| Net Cash Flow | -117 | 112 | 5 | 1,036 | 393 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Share Capital | 555 | 556 | 556 | 557 | 558 |
| Reserves & Surplus | 40,771 | 46,343 | 55,548 | 65,334 | 76,480 |
| Current Liabilities | 51,446 | 56,288 | 70,579 | 75,545 | 90,322 |
| Other Liabilities | 73,689 | 70,925 | 79,206 | 94,863 | 110,225 |
| Total Liabilities | 166,462 | 174,112 | 205,891 | 236,300 | 277,586 |
| Fixed Assets | 27,947 | 31,380 | 28,559 | 33,720 | 40,560 |
| Current Assets | 72,137 | 75,148 | 91,325 | 98,265 | 126,573 |
| Other Assets | 66,377 | 67,583 | 86,006 | 104,314 | 110,452 |
| Total Assets | 166,462 | 174,112 | 205,891 | 236,300 | 277,586 |
| Contingent Liabilities | 8,934 | 7,015 | 10,610 | 28,897 | 23,507 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Basic EPS (Rs.) | 16.33 | 59.20 | 92.41 | 101.14 | 115.91 |
| Diluted Eps (Rs.) | 16.15 | 58.83 | 91.96 | 100.70 | 115.06 |
| Book Value /Share (Rs.) | 456.20 | 510.96 | 602.37 | 695.30 | 690.13 |
| Dividend/Share (Rs.) | 8.75 | 11.55 | 16.25 | 21.10 | 25.30 |
| Face Value | 5 | 5 | 5 | 5 | 5 |
| Gross Profit Margin (%) | 19.80 | 17.31 | 17.72 | 19.57 | 20.59 |
| Operating Margin (%) | 15.25 | 13.42 | 14.12 | 16.15 | 16.77 |
| Net Profit Margin (%) | 0.31 | 5.98 | 8.13 | 8.06 | 7.89 |
| Return on Equity (%) | 4.35 | 13.95 | 18.24 | 17.02 | 16.78 |
| ROCE (%) | 9.85 | 10.27 | 12.66 | 13.89 | 14.21 |
| Return On Assets (%) | 1.08 | 3.77 | 4.99 | 4.76 | 4.65 |
| Current Ratio (X) | 1.40 | 1.34 | 1.29 | 1.30 | 1.40 |
| Quick Ratio (X) | 1.22 | 1.13 | 1.06 | 1.05 | 1.18 |
| Debt to Equity (x) | 1.43 | 1.58 | 1.57 | 1.56 | 1.57 |
| Interest Coverage Ratios (X) | 1.86 | 3.11 | 3.69 | 3.61 | 3.60 |
| Asset Turnover Ratio (%) | 44.62 | 0.49 | 0.68 | 0.63 | 0.62 |
| Inventory Turnover Ratio (X) | 7.72 | 5.23 | 6.08 | 4.39 | 4.53 |
| 3 Yr CAGR Sales (%) | -10.19 | -7.21 | 26.84 | 36.44 | 32.69 |
| 3 Yr CAGR Net Profit (%) | -40.50 | 7.73 | 141.97 | 114.40 | 52.40 |
| P/E (x) | 48.70 | 13.62 | 12.54 | 19.00 | 23.00 |
| P/B (x) | 2.12 | 1.90 | 2.29 | 3.24 | 3.86 |
| EV/EBITDA (x) | 9.79 | 10.43 | 10.11 | 11.70 | 12.55 |
| P/S (x) | 1.19 | 0.99 | 1.06 | 1.55 | 1.87 |
Mahindra & Mahindra Limited had its Shareholder Meeting/Postal Ballot Outcome of AGM on July 31, 2025. Additionally, Mahindra Ideal Lanka (Private) Limited ceased to be an associate of the company on the same date.
The company has announced several dividends over the past years. The most recent final dividend was announced on May 5, 2025, with a dividend of Rs 25.30 per share (506%) and an effective date of July 4, 2025.
Mahindra and Mahindra has issued bonus shares on several occasions, including a 1:1 bonus on November 10, 2017, and June 14, 2005.
The company had a stock split on January 25, 2010, where the face value changed from Rs 10 to Rs 5, with an ex-split date of March 29, 2010.
Moneycontrol analysis indicates a very bullish sentiment for Mahindra and Mahindra as of August 1, 2025.
The stock’s movement is influenced by overall market dynamics and company-specific announcements.
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