Mahindra & Mahindra Q2 Results: Revenue rises 21% from last year, margin expands and beats estimates
Published on 04/11/2025 01:55 PM
Mahindra & Mahindra Q2 Results: Revenue rises 21% from last year, margin expands and beats estimatesM&M reported strong cash generation in the first half, delivering over ₹10,000 crore in operating cash flow.By Meghna Sen November 4, 2025, 1:55:54 PM IST (Updated)2 Min ReadMahindra & Mahindra Ltd., the manufacturer and distributor of passenger and commercial vehicles and tractors, reported its September quarter earnings on Tuesday, November 4, which were a beat on analyst expectations on most parameters.
M&M's consolidated revenue for the quarter rose by 21.3% from last year to ₹33,422 crore, which was lower than the CNBC-TV18 poll of ₹34,294 crore.
Net profit for the quarter stood at ₹4,521 crore, which was higher than the CNBC-TV18 poll of ₹4,044 crore. On a year-on-year basis, net profit went up by 18%.
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA), increased by 23% from last year to ₹4,862 crore. A CNBC-TV18 poll was working with a estimate of ₹4,759 crore.
EBITDA margin for the second quarter stood at 14.5% from 14.3% last year. The figure is also higher than the CNBC-TV18 poll of 13.9%.
The auto and farm businesses continued to gain market share and improve profitability. SUV revenue share rose 390 basis points year-on-year, while the light commercial vehicle (LCV,