Integrated Annual Report 2024-25 78 The Profit for the year before Depreciation, Finance Costs, Exceptional items and Taxation recorded an increase of 17.80% at Rs. 20,127.37 crores as against Rs. 17,086.27 crores in the previous year. Profit after tax increased by 11.39% at Rs. 11,854.96 crores as against Rs. 10,642.29 crores in the previous year. Your Company continues with its rigorous cost restructuring exercises and efficiency improvements which have resulted in significant savings through continued focus on cost controls, process efficiencies and product innovations that exceed customer expectations in all areas thereby enabling the Company to maintain profitable growth in the current economic scenario. Earnings Per Share (EPS) The Standalone basic EPS of the Company stood at Rs. 98.80 for the Financial Year ended 31st March, 2025 as against Rs. 89.42 for the Financial Year ended 31st March, 2024 and Diluted EPS stood at Rs. 98.45 as against Rs. 89.08 in the previous year. Details of Material Changes from the end of the Financial Year till the date of this Report No material changes and commitments have occurred after the closure of FY25 till the date of this Report, which would affect the financial position of your Company. Performance Review Automotive Sector* Your Company’s Automotive Sector posted total sales of 9,41,115 vehicles (8,54,273 four-wheelers and 86,842 three-wheelers) as against a total of 8,24,939 vehicles (7,46,833 four-wheelers and 78,106 three-wheelers) in the previous year, registering a growth of 14.1%. In the domestic market, your Company sold a total of 9,06,406 vehicles as compared to 8,00,276 vehicles in the previous year, resulting in a growth of 13.3%. In the Passenger Vehicle (PV) segment, your Company sold 5,51,487 vehicles [including 5,51,487 Utility Vehicles (UVs)] as compared to the previous year’s volume of 4,59,877 vehicles [including 4,59,864 Utility Vehicles (UVs) and 13 Vans] registering a growth of 19.9%. In the Commercial Vehicle (CV) segment, your Company sold 2,69,087 vehicles [including 38,995 vehicles <2T GVW, 1,89,914 vehicles between 2-3.5T GVW, 29,085 Light Commercial Vehicles (LCVs) in the 3.5T-7.5T segment, 1,340 vehicles in the 7.5T-16T GVW segment, 5,457 Heavy Commercial Vehicles (HCVs) and 4,296 LCV Passenger] registering a growth of 2.4% over the previous year’s volumes of 2,62,810 vehicles [including 44,093 vehicles <2T GVW, 1,91,603 vehicles between 2-3.5T GVW, 15,809 Light Commercial Vehicles (LCVs) in the 3.5T-7.5T segment, 1,818 vehicles in the 7.5T-16T GVW segment, 6,146 Heavy Commercial Vehicles (HCVs) and 3,341 LCV Passenger]. In the three-wheeler segment, your Company sold 85,832 three-wheelers in the domestic market, registering a growth of 10.6% over the previous year’s volume of 77,589 three‑wheelers. For the year under review, the Indian automotive industry (except 2W) grew by 2.0%, with the PV industry growth of 2.0% and CV industry de-growth of 1.2%. The UV segment showed growth of 11.0%. Within the CV industry, the LCV goods <7.5T segment de-grew by 2.8% while the Medium and Heavy Commercial Vehicles (MHCV) Goods Segment de-grew by 4.0%. Your Company’s UV volumes stood at 5,51,487 units, a growth of 19.9%. The UV market share for your Company stood at 19.7%. Thar Roxx, Scorpio, XUV300, XUV700, Thar and Bolero continued to be strong brands for your Company in the UV segment. In LCV Goods segment, your Company retained its No. 1 position with 48.9% Market Share. Your Company sold a total of 2,57,994 vehicles in the LCV Goods segment, which is a growth of 2.6% over the previous year. In the MHCV Goods Segment, your Company sold 6,797 trucks as against 7,964 trucks in the previous year. Your Company’s market share in the MHCV segment stands at 2.2%. Your Company is the pioneer for Electric Vehicles (EVs) in India, and for the year under review, in the electric threewheeler segment, your Company sold 77,386 vehicles as against 66,190 vehicles in the previous year, with a growth of 16.9%. In the electric four-wheeler segment, your Company sold 14,183 vehicles as against 8,025 vehicles in the previous year, with a growth of 76.7%. In the commercial vehicle segment, your Company sold 1,292 vehicles. During the year under review, your Company posted an export volume of 34,709 vehicles as against the previous year’s exports of 24,663 vehicles representing a growth of 40.7%. The sales of spare parts for the year stood at Rs. 5,280.25 crores (including exports of Rs. 262.94 crores) as compared to Rs. 4,288.40 crores (including exports of Rs. 310.3 crores) in the previous year, registering a growth of 23.1%. * The figures include sales made by subsidiaries of the Company viz. Mahindra Electric Automobile Limited and Mahindra Last Mile Mobility Limited.
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