Mahindra & Mahindra’s Q4 Results: Profits and Dividends Surge!

Mahindra & Mahindra (M&M) is making headlines as shares of the company are getting attention after it announced impressive results and a big increase in dividends. For the March quarter, M&M reported a 22% rise in standalone profit, reaching Rs 2,437 crore, while revenue climbed 24% to Rs 31,609 crore. Both figures were better than what many experts expected.

In total, the company’s consolidated profit after tax grew 20% to Rs 3,295 crore, with revenue rising 20% to Rs 42,599 crore. M&M’s strong performance was driven by sales increases across many segments—total vehicle sales were up 18% to 253,028 units, with a remarkable rise in utility vehicle (UV) sales and a 23% boost in tractor sales.

The company also increased its market share. They sold more SUVs and improved their tractor market share to an all-time high of 41.2%. M&M’s board recommended a dividend of Rs 25.30 per share, marking a 20% increase from last year. The record date for receiving this dividend is set for July 4, 2025.

After these results, M&M’s stock price rose by about 2% to reach Rs 2,997 on the Bombay Stock Exchange (BSE). Rajesh Jejurikar, M&M’s Executive Director & CEO, celebrated the significant growth, highlighting gains in revenue share for SUVs and light commercial vehicles (LCVs).

Brokerages are optimistic about M&M’s future. Motilal Oswal continues to endorse the stock, raising its target price to Rs 3,482, believing the company is positioned for excellent growth. Nuvama also retains its bullish outlook, projecting strong revenue growth in the auto segment and a healthy pipeline of new products.