Mahindra & Mahindra September sales rise 14% to 97,744 units; exports jump 44%

The company’s export performance showed a sharp rise, with total exports up 44% year-on-year to 4,458 units during the month. On the production front, Mahindra & Mahindra recorded an increase of 24.4% year-on-year, producing 99,758 units in September 2025.

First quarter results

Mahindra & Mahindra’s consolidated net profit increased 24.4 per cent YoY (y-o-y) to ₹4,083 crore, compared to ₹3,283 crore in the same period last year. M&M’s consolidated revenue grew 22.8 per cent to ₹45,436 crore from ₹37,010 crore.

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On a standalone basis, M&M reported a 32 per cent rise in net profit to ₹3,450 crore, beating analysts’ estimates of ₹3,174 crore. Standalone revenue grew 26% to ₹34,083 crore, slightly higher than expectations. However, standalone EBITDA was ₹4,736 crore, below the poll of ₹4,929 crore, with the margin contracting to 13.9% from 14.9% a year earlier.

The company maintained strong leadership in key segments: SUVs (27.3% market share, up 570 basis points), light commercial vehicles under 3.5 tonnes (54.2% market share, up 340 basis points), tractors (45.2%, highest quarterly share ever) and electric three-wheelers (38.7%).

The automobile segment witnessed a 17% increase in volumes to 247,000 units, with consolidated revenue up 31% to ₹25,999 crore and PAT up 32% to ₹1,760 crore. The agriculture segment reported a 10% increase in volumes to 133,000 units, revenue growth of 12% to ₹10,892 crore and a 7% increase in PAT to ₹1,323 crore.

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Shares of Mahindra and Mahindra Ltd closed at ₹3,436.00, up ₹9.50, or 0.28%, on the BSE.