Mahindra & Mahindra Limited — PPTs, 20-11-2025: Investor Presentation

Mahindra & Mahindra (M&M) shows robust performance, with Auto revenue growing 3.2x to 90,825 Cr and Farm revenue 1.7x to 35,375 Cr from FY20-FY25. FY25 EPS hit 115.7 INR/share with an 18% ROE. The company's market cap surged from 8,000 Cr in Mar'20 to 56,000 Cr in Nov'25. M&M is the world's largest tractor manufacturer and holds #1 SUV revenue market share.

The "Deliver Scale" strategy aims for significant future growth, targeting 8x revenue growth for Auto SUVs/LCVs, 3x for Farm, 5x AUM growth for Mahindra Finance, and >14x sales for Mahindra Lifespaces by FY30. Tech Mahindra aims for profitable growth exceeding peers.

Recent developments include deploying 30,000 EVs in India, launching OJA tractors which secured 8.5% US market share, and Mahindra Aerostructures' $1.1 billion backlog. Mahindra Lifespaces added 27,600 Cr in GDV, while Susten secured 1.3 GWp projects.

Management plans to achieve 18% RoE across entities by FY30. Tech Mahindra eyes a 15% EBIT margin by FY27. Mahindra Finance projects 18-20% AUM growth and 2.2-2.5% RoA. Last Mile Mobility aims for 50% electrification by FY30.