M&M shares jump over 4% on strong Q4 results; company to set up new manufacturing facility for PVs

The company reported a 13.34% rise in consolidated profit after tax to ₹3,541.85 crore in the fourth quarter ended on March 31, 2025, led by good performance from the auto and farm equipment sectors.

M&M had delivered a consolidated net profit of ₹3,124.94 crore in the same quarter of the previous fiscal year, according to an exchange filing.

Consolidated revenue from operations stood at ₹42,585.67 crore in the quarter under review, as compared to ₹35,373.34 crore logged in the year-ago period, Mahindra & Mahindra (M&M) added.

The company also announced plans to set up a new manufacturing facility primarily for passenger vehicles, which is expected to be operational by March 2028.

Announcing plans for a new facility, Rajesh Jejurikar, Executive Director and CEO for Automotive and Farm Equipment Sector at Mahindra & Mahindra, said, "It will be a large futuristic plant that will be set up."

"At this point, we're thinking of it as primarily a PV plant, but we would need provision maybe for some other elements of our business to come in as we start conceptualising and seeing what kind of investment subsidies we get in different states as we plan for the future," Jejurikar added.

Jejurikar further said that the company had not yet decided the geography or location of the plant, adding that cash flow related to the proposed facility has been provided in the capex.

Valuation targets

Riding high on clocking a consolidated profit after tax (PAT) of ₹14,073.17 crore in FY25, Mahindra Group has set valuation targets of USD 2-3 billion for its 'scalable growth gems', including logistics, hospitality, real estate and last-mile mobility, according to its top officials.

The group, which had a cash generation of ₹10,000 crore in 2024-25, is confident that this will enable it to fuel the growth of these businesses.

Speaking at the company's Q4 FY25 earnings announcement, Mahindra Group MD & CEO Anish Shah said M&M is actively identifying and nurturing businesses with strong potential to deliver both scale and competitive strength in the coming years.