Mahindra & Mahindra Limited — PPTs, 07-02-2025: Investor Presentation

**Financial Highlights:** Mahindra & Mahindra reported a consolidated PAT of 3,181 Cr for Q3 FY25, marking a 20% year-on-year increase, driven by robust performance across its auto and farm segments. Revenues rose to 41,470 Cr, reflecting consistent growth momentum in both areas. The auto segment achieved a PBIT margin of 9.7%, a 120 bps improvement, with farm segment margins reaching 18.1%, up 260 bps.

**Strategic Initiatives and Growth Drivers:** The company has successfully launched new electric vehicle models and is focused on capitalizing on its leadership position in the SUV market, with a 23% revenue market share. The turnaround in Tech Mahindra and Mahindra Finance also remains a key focus, with significant improvements noted.

**Business Developments:** Auto volumes grew by 16%, while farm volumes increased by 20%, contributing to a market share of 44.2% in the farm sector. Tech Mahindra reported a 96% increase in TCV, highlighting strong demand across sectors.

**Market Position and Competitive Advantage:** M&M maintains its top position in the SUV segment and has expanded its LCV market share to 51.9%. The company's strategic tie-ups and acquisitions enhance competitiveness and market reach.

**Investor Implications:** With a positive outlook driven by strong financial results and market leadership, M&M presents potential growth opportunities. Investors should monitor the ongoing developments in EVs and the recovery in Tech Mahindra, which could strengthen overall performance.