Mahindra & Mahindra Limited (NSE:M&M)
India flag India · Delayed Price · Currency is INR
3,159.30
-43.80 (-1.37%)
At close: Aug 1, 2025

Mahindra & Mahindra Income Statement

Millions INR. Fiscal year is Apr - Mar.
Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 20212017 - 2021
Period Ending
Jun '25 Mar '25 Mar '24 Mar '23 Mar '22 Mar '21 2017 - 2021
Operating Revenue
1,488,7971,404,5391,226,2731,086,549901,706742,778
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Other Revenue
208,059204,121183,057136,2237,7408,422
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1,696,8571,608,6611,409,3301,222,772909,446751,200
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Revenue Growth (YoY)
17.72%14.14%15.26%34.45%21.07%-1.40%
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Cost of Revenue
1,028,799967,066843,911747,030524,451388,548
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Gross Profit
668,057641,594565,419475,742384,995362,653
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Selling, General & Admin
132,651128,991123,027112,06097,01687,653
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Other Operating Expenses
196,589190,561174,597150,743133,410129,812
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Operating Expenses
387,820375,133342,986306,090265,453251,136
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Operating Income
280,238266,461222,433169,652119,542111,517
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Interest Expense
-91,773-88,538-73,340-56,995-49,146-59,904
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Earnings From Equity Investments
14,75615,06610,88514,51618,55812,767
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Other Non Operating Income (Expenses)
2,9622,9621,6751,215570.3790.1
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EBT Excluding Unusual Items
206,183195,951161,653128,38889,52465,170
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Impairment of Goodwill
-792.4-792.4-325.2-1,221--1,929
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Asset Writedown
-4,362-4,362-1,550-10,013-1,286-12,594
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Other Unusual Items
---23,4495,3792,830
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Pretax Income
201,029190,796159,778140,60293,61853,477
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Income Tax Expense
51,98950,06537,08026,85821,08816,458
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Earnings From Continuing Operations
149,040140,732122,698113,74572,53037,019
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Earnings From Discontinued Operations
------21,895
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Net Income to Company
149,040140,732122,698113,74572,53015,124
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Minority Interest in Earnings
-11,742-11,441-10,012-10,930-6,7573,001
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Net Income
137,298129,291112,686102,81565,77318,125
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Net Income to Common
137,298129,291112,686102,81565,77318,125
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Net Income Growth
24.33%14.74%9.60%56.32%262.89%1326.71%
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Shares Outstanding (Basic)
1,1161,1151,1141,1131,1111,109
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Shares Outstanding (Diluted)
1,1201,1201,1191,1171,1161,114
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Shares Change (YoY)
0.09%0.09%0.13%0.16%0.10%0.48%
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EPS (Basic)
123.05115.91101.1492.4159.2016.34
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EPS (Diluted)
122.18115.06100.7091.9658.8316.15
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EPS Growth
23.84%14.26%9.51%56.31%264.30%1457.72%
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Free Cash Flow
--72,161-155,759-133,78632,078106,666
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Free Cash Flow Per Share
--64.45-139.22-119.7428.7595.72
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Dividend Per Share
-25.30021.10016.25011.5508.750
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Dividend Growth
-19.91%29.85%40.69%32.00%272.34%
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Gross Margin
39.37%39.88%40.12%38.91%42.33%48.28%
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Operating Margin
16.52%16.56%15.78%13.87%13.15%14.85%
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Profit Margin
8.09%8.04%8.00%8.41%7.23%2.41%
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Free Cash Flow Margin
--4.49%-11.05%-10.94%3.53%14.20%
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EBITDA
311,904296,807247,497194,402140,422131,066
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EBITDA Margin
18.38%18.45%17.56%15.90%15.44%17.45%
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D&A For EBITDA
31,66630,34625,06524,75020,88019,549
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EBIT
280,238266,461222,433169,652119,542111,517
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EBIT Margin
16.52%16.56%15.78%13.87%13.15%14.85%
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Effective Tax Rate
25.86%26.24%23.21%19.10%22.53%30.78%
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Revenue as Reported
1,702,1151,613,9191,412,5471,225,289911,051753,109
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Advertising Expenses
-14,27113,12312,04310,4297,193
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Source: S&P Global Market Intelligence. Standard template. Financial Sources.