Mahindra & Mahindra Limited has informed the Exchange about Transcript
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Mahindra & Mahindra has submitted a revised transcript (with one missed paragraph added) of its Q4 FY25 analyst meet held on May 5, 2025. Management highlighted strong execution: SUV volumes grew 20% (above the mid-to-high teens target), market share rose 210 bps to 22.5%, and auto margins improved 110 bps. Farm sector market share reached a record 43.3% with margins up 210 bps to 18.4%. The company took ₹654 crore in write-offs for category B businesses (MAM-Mitsubishi Japan and Sampo Finland), which reduced reported standalone PAT. Consolidated PAT grew 20% excluding KG Mobility mark-to-market, ROE held at 18%, and nearly ₹10,000 crore of cash was generated during the year. Management outlined multi-year targets for growth gems (scalable ones targeting $2-3 billion valuation each by F30; emerging ones $1 billion), and confirmed EV deliveries of 6,300 units in 40 days, making M&M the #1 electric SUV by revenue share in Q4.
The transcript reinforces a positive growth and margin trajectory for shareholders, with strong cash generation (₹28,000 crore) supporting investments in growth businesses and acquisitions like SML Isuzu. The ₹654 crore write-off is a one-time cleanup and not expected to recur, while the multi-year growth gem targets and new product pipeline (3 ICE, 2 BEVs, 2 LCVs in CY2026 plus a new platform announcement on August 15) provide visibility for sustained earnings growth.