Mahindra & Mahindra Limited (MAHMF)

Revenue by Segment

Financials in millions INR. Fiscal year is April - March.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020	Mar 31, 2019	Mar 31, 2018	Mar 31, 2017	Mar 31, 2016
Automotive	908.25B	761.56B	615.46B	370.13B	259.90B
Automotive Growth	19.26%	23.74%	66.28%	42.41%	-9.83%
Farm Equipment	353.75B	334.74B	348.70B	270.60B	247.92B
Farm Equipment Growth	5.68%	-4.00%	28.86%	9.14%	17.43%
Financial Services	182.96B	156.52B	126.14B	112.09B	119.90B
Financial Services Growth	16.89%	24.09%	12.53%	-6.52%	1.38%
Industrial Businesses and Consumer Services	189.71B	177.19B	190.28B	-	-
Industrial Businesses and Consumer Services Growth	7.07%	-6.88%	-	-	-
Inter-Segment Revenue	-42.56B	-39.23B	-66.96B	-26.76B	-19.52B
Net Unallocable Interest Income	12.33B	7.74B	5.10B	4.16B	4.56B
Net Unallocable Interest Income Growth	59.30%	51.80%	22.42%	-8.64%	2.51%
Real Estate	-	-	-	3.97B	1.84B
Real Estate Growth	-	-	-	116.30%	-71.26%
Hospitality	-	-	-	20.59B	17.47B
Hospitality Growth	-	-	-	17.89%	-26.41%
Others	-	-	-	151.08B	115.26B
Others Growth	-	-	-	31.08%	-10.10%
Total	1.60T	1.40T	1.22T	905.87B	747.34B
Total Growth	14.72%	14.75%	34.54%	21.21%	-1.44%

Revenue by Geography

Financials in millions INR. Fiscal year is April - March.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020	Mar 31, 2019	Mar 31, 2018	Mar 31, 2017	Mar 31, 2016
India	1.44T	1.23T	1.04T	744.99B	617.36B
India Growth	17.16%	18.18%	39.90%	20.67%	-0.78%
Overseas	149.11B	159.12B	171.41B	156.72B	125.41B
Overseas Growth	-6.29%	-7.17%	9.37%	24.96%	-4.71%
Total	1.59T	1.39T	1.21T	901.71B	742.78B
Total Growth	14.48%	14.60%	34.59%	21.40%	-1.46%

Source: S&P Global Market Intelligence.