SUV, tractor fire up M&M earnings, Q4 PAT up 20%

Company plans greenfield PV plant by FY28 as SUV capacity runs past 90%

- SOHINI DAS & ANJALI SINGH

Mahindra & Mahindra (M&M) posted strong double-digit growth in consolidated revenue and profit after tax (PAT) in the fourth quarter (Q4) of 2024-25 (FY25), driven by an 18 per cent rise in sport utility vehicle (SUV) sales and a 23 per cent jump in tractor sales.

M&M's consolidated PAT for Q4FY25 came in at ₹3,295 crore, up 20 per cent year-on-year (Y-o-Y), while revenue from operations rose 20 per cent Y-o-Y to ₹42,599 crore.

The stock was up 3 per cent in afternoon trade on the BSE.

For the full year, revenue rose 14 per cent to ₹1,59,211 crore, while PAT grew 15 per cent to ₹12,929 crore. Sequentially, revenue increased 2.7 per cent in Q4FY25, while PAT was up 3.6 per cent.