Mahindra & Mahindra Ltd. (OTC:MAHMF) Q4 2025 Earnings Call Transcript May 5, 2025 6:00 AM ET
Company Participants
Anish Shah – Group CEO and MD
Rajesh Jejurikar – CEO and ED of Auto and Farm Business
Amarjyoti Barua – Group CFO
Hemant Sikka – President of the Farm Equipment Sector
Operator
Hi. Good afternoon everyone and a very warm welcome to the Quarter Four Analyst Meet of Mahindra & Mahindra Limited. For the main presentation today, we have with us our Group CEO and MD, Dr. Anish Shah; CEO and ED of our Auto and Farm business, Mr. Rajesh Jejurikar; and our Group CFO, Mr. Amarjyoti Barua.
We will be taking your questions at the end of the presentation. As a reminder, this meeting is being recorded. For the purpose of completeness, I wish to read this out. Certain statements in this meeting with regard to our future growth projects are forward-looking statements which involve a number of risks and uncertainties that could cause the actual results to differ from those in these forward-looking statements.
With that, I now hand over to Dr. Anish Shah for his opening remarks.
Anish Shah
Good afternoon. It’s a pleasure to be here with you; more so when we have some very strong results and a continued journey that we’ve had for many years in terms of execution. So let me start with the standard key messages, auto and farm, as you continue to expect, very strong execution, both in terms of market share as well as margins. SUV volume is up 20%. A year ago you’d asked us a question of what are you signing up for and at that point we said mid-to-high teens and it was a fairly ambitious target at that point, but we’ve managed to come in slightly higher than the mid-to-high teens target with 20% growth. As a result, market share
