Earnings Alerts

Mahindra & Mahindra (MM) Earnings: 4Q Net Income Misses Estimates Despite Strong Revenue Growth

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  • Mahindra’s net income for Q4 was 24.4 billion rupees, which is a 22% increase from the previous year but below the estimated 24.9 billion rupees.
  • Revenue for the quarter reached 313.5 billion rupees, marking a 25% rise year-on-year and surpassing the estimate of 300.24 billion rupees.
  • Automotive revenue grew by 25% year-on-year to 249.8 billion rupees, exceeding the expected 227.71 billion rupees.
  • Farm equipment revenue was 64.3 billion rupees, reflecting a 23% increase from last year and above the estimates of 59.9 billion rupees.
  • Other income significantly increased to 5.13 billion rupees from 2.24 billion rupees year-on-year.
  • Total costs for the quarter were 287.8 billion rupees, a 25% increase compared to the previous year.
  • Raw material costs rose by 27% year-on-year, amounting to 232.3 billion rupees.
  • EBITDA increased by 23% year-on-year, totaling 42.2 billion rupees.
  • Investor sentiment appears positive with 39 “buy” recommendations, 2 “hold,” and no “sell” recommendations.

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Mahindra & Mahindra on Smartkarma

Analyst coverage on Mahindra & Mahindra on Smartkarma has been positive, with insights from Nimish Maheshwari and Sreemant Dudhoria showcasing the company’s strategic moves and growth prospects.

Nimish Maheshwari‘s report highlights Mahindra & Mahindra‘s acquisition of a majority stake in SML Isuzu, aiming to strengthen its position in the commercial vehicle segment and become a full-range player. On the other hand, Sreemant Dudhoria‘s analysis focuses on Mahindra & Mahindra‘s exceptional growth in the Indian passenger car industry, emphasizing its outlier performance compared to competitors and the potential impact of recent budget initiatives on demand. Sreemant Dudhoria also highlights the strong tractor sales of Mahindra & Mahindra in February 2025, driven by favorable factors and positive outlook for tractor OEM stocks in the medium term.


A look at Mahindra & Mahindra Smart Scores

FactorScoreMagnitude
Value3
Dividend4
Growth4
Resilience3
Momentum5
OVERALL SMART SCORE3.8

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, Mahindra & Mahindra shows a promising long-term outlook. The company scores notably high in Momentum, indicating strong positive market momentum. This suggests that investors are favorably viewing the company’s future prospects and performance.

Additionally, Mahindra & Mahindra‘s above-average scores in Dividend and Growth point towards a stable dividend payout and potential for future growth. While Value and Resilience scores fall slightly below the highest ranking, the overall outlook remains positive for the company in the automotive and agricultural sectors.

### Summary: Mahindra & Mahindra Ltd. manufactures automobiles, farm equipment, and automotive components, including a wide range of vehicles, agricultural products, engines, spare parts, and machine tools. ###


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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