M&M Q4 Results Preview: PAT may jump up to 21% YoY on volume growth; double-digit uptick seen in topline

Mahindra & Mahindra is expected to post 16–21% YoY net profit growth in Q4FY25, driven by strong volumes, even as sequential numbers may dip. Revenue is seen rising 18–22% YoY. Brokerages highlight demand trends, EV contribution, and margin pressures as key factors. Tractor volume decline and product mix shifts will be crucial monitorables for the quarter.

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