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Time of India
29-06-2025
- Business
- Time of India
Globalisation 2.0: India well positioned to emerge as one of new centres of gravity: Anand Mahindra
A growing wave of protectionism is challenging decades of liberal trade order, dramatically highlighted by the Trump's tariffs, but economic nationalism does not spell the death of globalisation rather it heralds its rebirth, presenting an opportunity for India to emerge as a vital player, according to M&M Ltd Chairman Anand Mahindra . In his address to shareholders in Mahindra & Mahindra (M&M) Annual Report for 2024-25, Mahindra, said "India, too, will face challenges" due to the ongoing global turmoil in the midst of a growing wave of protectionism. He said globalisation is evolving and the US market centrality and China-centric supply chains are being replaced by multi-polar, regional collaborations. As structural and political uncertainties diminish US dominance, alternative capital destinations are emerging, Mahindra noted. Similarly, global supply chains are diversifying away from China, creating new trade partnerships. Lower tariff barriers among regional partners may emerge, boosting free trade and reshaping international trade centres of gravity. Live Events "Ironically, the US shift toward de-globalisation may lead to a new avatar of globalisation 'multi-polar, regional, and driven by domestic imperatives. In such shifting sands, I believe India is well-positioned to emerge as one of the new centres of gravity," Mahindra asserted. He further said, "We are a stable democracy, generally regarded as a trustworthy partner, and are bolstered by a strong military that is not politicised." Referring to Pakistan, he said, "The situation with our provocative neighbour is always volatile, but I am optimistic that we can demonstrate the limits to our tolerance without impeding our path to economic ascendance." These implications offer a portal to a stronger future for India and Indian companies, he noted, adding "but the future remains uncertain." On how the Mahindra group should navigate these turbulent waters, he said, "Whether it be a country or a business, the winners will be the ones who can successfully navigate uncertainty and ambiguity -- the ones who are resilient." Referring to the current global situation, he said it remains fluid. Recent US-China tariff talks and strengthened trade ties with the UK suggest a pragmatic layer to US trade policy, combining protectionism with strategic global engagement. "However, there remains a strong likelihood of significant decoupling between the US and China, he added. Whatever the outcome, it is apparent that many nations will have to swallow some "poison", Mahindra said adding, "international trade has already slowed amidst heightened uncertainty and dampened investor confidence." Noting that industries reliant on global supply chains -- like electronics and consumer goods -- will bear the brunt of rising input costs, Mahindra said "countries deeply integrated into global trade networks must rethink dependencies and diversify sourcing." Established geopolitical alliances are being realigned, ushering in a new era of economic nationalism. Businesses worldwide will adapt by localising operations, re-engineering supply chains, and exploring alternate markets. "India, too, will face challenges. Our large trade deficit, vulnerabilities in certain sectors, increased competition among nations, and uncertainties affecting GDP aspirations are all challenges that must be met," Mahindra said. He pointed out that key industries, such as steel and aluminium, could face headwinds, and export volumes may be impacted. "The challenge will be to minimise the adverse effects, akin to how Lord Shiva confined the poison to his throat without letting it spread (during Samudra Manthan)," Mahindra said. He cautioned against focusing solely on mitigation saying it reflects a reactive mindset. "Instead, we can proactively view this as an opportunity to enable some 'Amrit' to emerge," he said, suggesting to "seize this challenge as an opportunity to accelerate economic growth exhorting private enterprise to play a pivotal role in this transformation. Mahindra noted that China's adversarial stance may create opportunities for India to position itself as a supply chain alternative -- a long-term goal for Indian business. "Innovation and R&D could receive renewed focus, while manufacturing could once again take centre stage. Restrictions on China and high tariffs for other competing countries could open new markets for Indian goods," he said. While the potential exists, he said achieving it will require a concerted focus on manufacturing and a palpable increase in private investment. "Speed and agility are essential, as countries like the Philippines and Vietnam are already touting themselves as future manufacturing hubs. We must act swiftly and strategically to secure our share of the Amrit," Mahindra said.
The Hindu
05-05-2025
- Automotive
- The Hindu
M&M Q4 PAT surges 22% to ₹2,437 crore
Mahindra & Mahindra Ltd. for the fourth quarter ended March 31, 2025 reported 22% growth in standalone net profit at Rs. 2,437 crore as compared with Rs 2,000 crore a year ago backed by volume growth in automobile and tractor businesses. For the quarter the company's revenues grew 24% Year on Year (YoY) to Rs 31,609 crore. Total vehicles volumes during the quarter grew 18% YoY to 2,53,028 units while tractor sales volume grew 23% YoY to 87,138 units. For FY25 the company's standalone net profit grew 11% YoY to Rs 11,855 crore while revenues grew 17% YoY to Rs 1,18,625 crore. Auto volumes annually grew 14% YoY to 9,41,115 units. Tractor sales volumes in FY25 grew 12% to 4,20,636 units. On a consolidated basis the company's net profit for the fourth quarter grew 20% YoY to Rs 3,295 crore. Revenues grew 20% to Rs 42,599 crore YoY. For FY25 the consolidated net profit was at Rs 12,929 crore, up 15% YoY and revenues grew 14 YoY to Rs 1,59,211 crore. Anish Shah, Group CEO & Managing Director, M&M Ltd. said, 'We have delivered strong growth on the back of stellar execution in F25. Auto and Farm continue to gain market share and expand profitability.' 'TechM is making commendable progress towards its dual objectives of strengthening client positioning and margin expansion. MMFSL has maintained GS3 under 4% as committed, remains focused on controls and has delivered 33% growth in profits. Our Growth Gems are scaling up well. We continue to build strong businesses which will deliver significant value to our stakeholders,' he said. Rajesh Jejurikar, Executive Director & CEO (Auto and Farm Sector), M&M Ltd. said, 'We continued our outstanding performance for the year in Q4-F25, with significant gain of 310 bps YoY in SUV revenue share, and 480 bps YoY in LCV (3.5T) market share.' 'In Tractors, we reached our highest-ever Q4 market share of 41.2%, gaining 180 bps YoY. In F25, our Auto Standalone PBIT margin improved by 110 bps and core tractor PBIT margins improved by 200 bps,' he said.
Mint
05-05-2025
- Automotive
- Mint
M&M Q4 results: Net profit up 22% to ₹2,437 crore, revenue rises 24% YoY; declares dividend of ₹25.3 per share
M&M Q4 Results 20250: Automobile major Mahindra & Mahindra (M&M) reported a strong growth in its standalone net profit as well as revenue for the fourth quarter of FY25, led by robust volumes of SUVs and tractors. M&M reported a standalone net profit of ₹ 2,437.14 crore in the quarter ended March 2025, a growth of 21.85% from ₹ 2,000.07 crore in the same quarter last fiscal year. The company's standalone revenue from operations in Q4FY25 increased 24.5% to ₹ 31,353.40 crore from ₹ 25,182.82 crore, year-on-year (YoY). Total vehicles sold by M&M in the January-March 2025 quarter rose 18% to 2,53,028 units from 2,15,280 units, YoY. Tractor volumes grew 23% YoY to 87,138 units, and Utility vehicle (UV) volumes increased 18% YoY to 1.49 lakh units. 'We continued our outstanding performance for the year in Q4-F25, with significant gain of 310 bps YoY in SUV revenue share, and 480 bps YoY in LCV (< 3.5T) market share. In Tractors, we reached our highest-ever Q4 market share of 41.2%, gaining 180 bps YoY,' said Rajesh Jejurikar, Executive Director & CEO (Auto and Farm Sector), M&M Ltd. At the operational level, earnings before interest, tax, depreciation and amortization (EBITDA) during the quarter under review rose 39% YoY to ₹ 4,683 crore, while EBITDA margin improved by 150 basis points (bps) to 14.9% from 13.4%, YoY. 'Our results include nearly ₹ 10,000 crore of cash generation in F25 which gives us the ability to continue to drive value for our shareholders through strategic investments. We are happy to declare a 20% growth in dividend for F26 on the back of this strong performance,' said Amarjyoti Barua, Group Chief Financial Officer, M&M Ltd. The Board of Directors of M&M also declared a dividend of ₹ 25.3 per share, aggregating to 506% of face of ₹ 5 per share. 'This is to inform you that the Board of Directors of the Company at its Meeting held on 5th May, 2025, has inter alia approved the recommendation of a Dividend of ₹ 25.3 (506%) per Ordinary (Equity) Share of the face value of Rs. 5 each,' M&M said. At 11:55 AM, M&M share price was trading 0.74% higher at ₹ 2,952.00 apiece on the BSE.
Business Upturn
05-05-2025
- Automotive
- Business Upturn
Mahindra & Mahindra Consolidated Q4 results: Net profit rises 19.6% YoY to Rs 3,295 crore; Revenue up 20%
Mahindra & Mahindra (M&M) has reported a strong performance in the January–March 2025 quarter, with its consolidated net profit rising 19.6% year-on-year (YoY) to ₹3,295.17 crore, compared to ₹2,754.08 crore in Q4FY24. The company's revenue from operations for the quarter stood at ₹42,599.31 crore, marking a healthy 20.2% growth from ₹35,451.73 crore reported in the same quarter last year. Total income for the quarter came in at ₹43,301.04 crore. Key Q4 FY25 highlights (YoY): Net profit : ₹3,295.17 crore vs ₹2,754.08 crore Revenue from operations : ₹42,599.31 crore vs ₹35,451.73 crore Profit before tax : ₹4,626.80 crore vs ₹4,030 crore Other income : ₹701.73 crore vs ₹355.71 crore Total expenses: ₹39,113.61 crore vs ₹32,172.17 crore For the full year FY25, Mahindra & Mahindra recorded: Total revenue from operations : ₹1,59,210.82 crore vs ₹1,39,078.27 crore (up 14.5%) Net profit (attributable to owners): ₹12,929.10 crore vs ₹11,268.64 crore The company also reported a higher share of profits from associates and joint ventures at ₹439.37 crore in Q4FY25, compared to ₹394.73 crore in the year-ago period. Segment-wise Highlights: Auto segment: Q4 volumes stood at 2.53 lakh units, up 18%, with revenue market share at 23.5%. FY25 UV volumes jumped 20%. Farm segment: Q4 volumes rose 23% to 87,000 units. FY25 market share reached a record 43.3%. Services segment: Q4 revenue from services grew 12% to ₹9,914 crore, with PAT at ₹822 crore. Operational Metrics: Standalone Q4 PBIT was ₹2,306 crore (up 28%), with a margin of 9.2%. Consolidated Q4 EBITDA rose to ₹4,626.80 crore, and margin stood at 12.6%, up from 9.6% in the previous quarter. Q4 tax expense stood at ₹1,085 crore, including deferred tax gain of ₹120.52 crore. Commenting on Q4 FY25 and FY25 performance Dr. Anish Shah, Group CEO & Managing Director, M&M Ltd. said, 'We have delivered strong growth on the back of stellar execution in F25. Auto and Farm continue to gain market share and expand profitability. TechM is making commendable progress towards its dual objectives of strengthening client positioning and margin expansion. MMFSL has maintained GS3 under 4% as committed, remains focused on controls and has delivered 33% growth in profits. Our Growth Gems are scaling up well. We continue to build strong businesses which will deliver significant value to our stakeholders.' Mr. Rajesh Jejurikar, Executive Director & CEO (Auto and Farm Sector), M&M Ltd. said, 'We continued our outstanding performance for the year in Q4-F25, with significant gain of 310 bps YoY in SUV revenue share, and 480 bps YoY in LCV (< 3.5T) market share. In Tractors, we reached our highest-ever Q4 market share of 41.2%, gaining 180 bps YoY. In F25, our Auto Standalone PBIT margin improved by 110 bps and core tractor PBIT margins improved by 200 bps' Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
05-05-2025
- Automotive
- Business Upturn
Mahindra & Mahindra Q4 results: Net profit rises 19.6% YoY to Rs 3,295 crore; Revenue up 20%
Mahindra & Mahindra (M&M) has reported a strong performance in the January–March 2025 quarter, with its consolidated net profit rising 19.6% year-on-year (YoY) to ₹3,295.17 crore, compared to ₹2,754.08 crore in Q4FY24. The company's revenue from operations for the quarter stood at ₹42,599.31 crore, marking a healthy 20.2% growth from ₹35,451.73 crore reported in the same quarter last year. Total income for the quarter came in at ₹43,301.04 crore. Key Q4 FY25 highlights (YoY): Net profit : ₹3,295.17 crore vs ₹2,754.08 crore Revenue from operations : ₹42,599.31 crore vs ₹35,451.73 crore Profit before tax : ₹4,626.80 crore vs ₹4,030 crore Other income : ₹701.73 crore vs ₹355.71 crore Total expenses: ₹39,113.61 crore vs ₹32,172.17 crore For the full year FY25, Mahindra & Mahindra recorded: Total revenue from operations : ₹1,59,210.82 crore vs ₹1,39,078.27 crore (up 14.5%) Net profit (attributable to owners): ₹12,929.10 crore vs ₹11,268.64 crore The company also reported a higher share of profits from associates and joint ventures at ₹439.37 crore in Q4FY25, compared to ₹394.73 crore in the year-ago period. Segment-wise Highlights: Auto segment: Q4 volumes stood at 2.53 lakh units, up 18%, with revenue market share at 23.5%. FY25 UV volumes jumped 20%. Farm segment: Q4 volumes rose 23% to 87,000 units. FY25 market share reached a record 43.3%. Services segment: Q4 revenue from services grew 12% to ₹9,914 crore, with PAT at ₹822 crore. Operational Metrics: Standalone Q4 PBIT was ₹2,306 crore (up 28%), with a margin of 9.2%. Consolidated Q4 EBITDA rose to ₹4,626.80 crore, and margin stood at 12.6%, up from 9.6% in the previous quarter. Q4 tax expense stood at ₹1,085 crore, including deferred tax gain of ₹120.52 crore. Commenting on Q4 FY25 and FY25 performance Dr. Anish Shah, Group CEO & Managing Director, M&M Ltd. said, 'We have delivered strong growth on the back of stellar execution in F25. Auto and Farm continue to gain market share and expand profitability. TechM is making commendable progress towards its dual objectives of strengthening client positioning and margin expansion. MMFSL has maintained GS3 under 4% as committed, remains focused on controls and has delivered 33% growth in profits. Our Growth Gems are scaling up well. We continue to build strong businesses which will deliver significant value to our stakeholders.' Mr. Rajesh Jejurikar, Executive Director & CEO (Auto and Farm Sector), M&M Ltd. said, 'We continued our outstanding performance for the year in Q4-F25, with significant gain of 310 bps YoY in SUV revenue share, and 480 bps YoY in LCV (< 3.5T) market share. In Tractors, we reached our highest-ever Q4 market share of 41.2%, gaining 180 bps YoY. In F25, our Auto Standalone PBIT margin improved by 110 bps and core tractor PBIT margins improved by 200 bps' Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
