M&M Share Price At Three-Month High As Brokerages Upbeat On Solid Q4 Metrics

Share price of automaker Mahindra & Mahindra Ltd. surged on Tuesday after brokerages expressed upbeat outlook on the company's financial performance for the quarter ended March.

Brokerages including Goldman Sachs, BofA, Macquarie, and Citi have indicated a positive outlook on the counter, with calls ranging from 'buy' to 'outperform'. All four brokerages highlighted M&M's margin strength, especially in the farm segment.

Standalone net profit of India's largest SUV maker by revenue rose 22% year-on-year to Rs 2,437.14 crore in the three months ended March 31, 2025, on the back of revenue that increased 24.3% to Rs 31,608.67 crore. Analysts polled by Bloomberg had pegged the topline at Rs 30,024 crore and the bottomline at Rs 2,490 crore.

• Revenue up 24.3% at Rs 31,608.67 crore (Estimate: Rs 30,024 crore).

• Ebitda up 23% at Rs 4,219.25 crore (Estimate: Rs 4,205 crore).

• Margin down 20 basis points at 13.3% (Estimate: 14%).

• Net profit up 22% at Rs 2,437.14 crore (Estimate: Rs 2,490 crore).

Shares of Mahindra & Mahindra rose as much as 4.57% to Rs 3,159.70 apiece, the highest level since Feb. 7. They pared gains to trade 3.04% higher at Rs 3,113.50 apiece, as of 10:02 a.m. This compares to a 0.28% decline in the NSE Nifty 50.

The stock has fallen 2.96% on a year-to-date basis, but risen 40.03% in the last 12 months. Total traded volume so far in the day stood at 3.6 times its 30-day average. The relative strength index was at 74.26.

Out of 41 analysts tracking the company, 39 maintain a 'buy' rating, and two recommend a 'hold', according to Bloomberg data. The average 12-month consensus price target implies an upside of 12.9%.