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Tractors boost Mahindra’s Q2 earnings
Mint New Delhi
|November 05, 2025
A surge in tractor sales boosted the July-September earnings for Mahindra and Mahindra Ltd (M&M), which saw a slowdown in demand for its sport utility vehicles (SUVs) as consumers delayed purchases in anticipation of goods and services tax (GST) cuts.
A 32% surge in sales of tractors to 123,000 units led the revenue growth of Mahindra in the September quarter.
(MINT)
Mahindra's consolidated net profit rose 13% to ₹3,955 crore, while revenue increased 22% to ₹46,106 crore in the second quarter ended September. The revenue growth was led by a 32% surge in sales of tractors to 123,000 units during the period, while SUV sales rose 13% to 261,703 units.
Encouraged by robust sales, the company's management raised its tractor industry growth forecast amid rural momentum from good monsoons and GST cuts.
This story is from the November 05, 2025 edition of Mint New Delhi.
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