The exports surged 163.38% YoY to 4,143 units in March 2025.
Meanwhile, the company announced the incorporation of a wholly-owned subsidiary, Mahindra Advanced Technologies (MATL), with a total subscription of Rs 5 crore.
MATL, under the manufacturing and allied services category, will focus on security technologies. The formal incorporation was completed on 7 April 2025 in Mumbai, Maharashtra, following prior approval by the board on 7 February 2025.
M&M has subscribed to 50 lakh equity shares of Rs 10 each at par value, securing full ownership (100% stake) in MATL.
The Mahindra Group enjoys a leadership position in farm equipment, utility vehicles, information technology, and financial services in India. It is the world's largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality, and real estate.
The company reported a 19.06% jump in standalone net profit to Rs 2,964.31 crore in Q3 FY25 as compared with Rs 2,489.73 crore in Q3 FY24. Revenue from operations jumped 20.31% YoY to Rs 30,963.76 crore in Q3 FY25.
The scrip rose 0.65% to Rs 2,507 on the BSE.