Q4 2025 Mahindra and Mahindra Ltd Earnings Call Transcript
Key Points
- SUV volumes increased by 20%, surpassing the mid- to high-teens target.
- Market share in the Auto sector rose by 210 basis points to 22.5%, and Auto margins improved by 110 basis points.
- Farm sector market share increased to 43.3%, with margins up 210 basis points to 18.4%.
- Mahindra Finance achieved a significant transformation, reducing GNPAs from 7-8% to less than 4%, while maintaining profitability.
- Consolidated profit growth of 20%, with a 14% increase in revenue and a 17% rise in stand-alone revenue.
- Write-offs were necessary for category B businesses, including MAM in Japan and Sampo in Finland, due to lack of profit trajectory.
- International markets negatively impacted Farm sector revenue growth, which was only 6% due to challenges in Turkey, Brazil, and the US.
- Logistics business struggled, requiring new leadership to drive future growth.
- Competitive intensity in the Farm sector could impact future margins if it increases.
- Challenges in the EV segment include managing customer delivery experiences and ensuring adequate production ramp-up.
Hi. Good afternoon, everyone, and a very warm welcome to the quarter four analyst meet of Mahindra & Mahindra Limited. For the main presentation today, we have with us our Group CEO and MD, Dr. Anish Shah; CEO and ED of our Auto and Farm business, Mr. Rajesh Jejurikar; and our Group CFO, Mr. Amarjyoti Barua.
We will be taking your questions at the end of the presentation. As a reminder, this meeting is being recorded.
For the purpose of completeness, I wish to read this out certain statements in this meeting with regard to our future growth prospects are forward-looking statements, which involve a number of risks and uncertainties that could cause the actual results to differ from those in these forward-looking statements.
With that, I now hand over to Dr. Anish Shah for his opening remarks.
Good afternoon. It's a pleasure to be here with you, more so where we have some very strong results and a continued journey that we've had
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