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Will EVs Speed Up M&M's Growth?
Mint Hyderabad
|February 10, 2025
Mahindra & Mahindra Ltd's (M&M) shares have gained as much as 86% in the past one year on strong outlook and are now hovering near their 52-week highs of ₹3,270.55 seen on Tuesday.
Mahindra & Mahindra Ltd's (M&M) shares have gained as much as 86% in the past one year on strong outlook and are now hovering near their 52-week highs of ₹3,270.55 seen on Tuesday. While the December quarter (Q3FY25) results announced on Friday are strong, they are on expected lines.
Standalone Ebitda grew 38% year-on-year to ₹4,500 crore, comparing favorably with the 24% growth seen in the half-year ended September (HIFY25). Profitability was driven by margin improvements across auto and farm equipment segments. Better realization and higher volumes meant Ebitda per unit grew 17% to ₹1,32,000.
M&M's revenue was up 21% last quarter to ₹30,500 crore. Auto segment revenue grew 21%, higher than volume growth of 16%, helping the company improve its Ebit margin by 120 basis points (bps) to 9.7%.
This story is from the February 10, 2025 edition of Mint Hyderabad.
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