M&M News

We wish to inform you that pursuant to Regulation 30(6) of the SEBI (Listing Obligations and DisclosureRequirements) Regulations, 2015, the Schedule of Analyst or Institutional Investor Meeting(s) with theCompany

Indian markets are likely to open higher on Friday, supported by strong global cues and bullish signals from the derivatives segment. The Put-Call Ratio jumped to 1.08, while India VIX dropped nearly 2%. Experts recommend buying on dips with key support at 24,750. Stock picks include Trent, TVS Motor, ICICI Bank, and M&M for short-term traders.

Indian markets may see consolidation on Thursday amid muted global cues and resistance near the 25,000 mark. Experts suggest the 24,400–24,500 zone is crucial for trend direction. As long as Nifty holds above this level, buying on dips could continue. Stock picks from analysts include Max Healthcare, Deepak Fertilisers, Mphasis, ONGC, and Bharat Forge for short-term trades.

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We wish to inform you that pursuant to Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Schedule of Analyst or Institutional Investor Meeting(s) with the Company

Please refer to the enclosed file

Choice Broking maintains a positive outlook on Mahindra & Mahindra (M&M), citing its dominant position in the SUV and tractor markets and raising its target price despite prevailing macroeconomic challenges.

Disclosure of Transcript of the Analyst/ Institutional Investor Meeting

This is further to our letter dated 29th April, 2025, wherein we had given an advance intimation of the Analyst/ Institutional Investor Meeting in terms of Regulation 30(6) read with Para A 15 (a) of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.The Company had conducted M&M Q4 FY25 Earnings Con-Call with Several Funds/Investors/Analysts on 5th May, 2025 with respect to the Audited Standalone and Consolidated Financial Results of the Company for the Fourth Quarter and year ended 31st March, 2025 and the Presentation(s) made thereat along with the weblink of the Presentation(s) and weblink of the AV Recording of the said Earnings Call was submitted vide our letter dated 5th May, 2025.The Transcript of the aforesaid M&M Q4 FY25 Earnings Call with Several Funds/Investors/Analysts is enclosed and is also available on the Company's website and can be accessed at the following Link: M&M Q4F25 Analyst Meet - Transcript.pdfPlease note that no unpublished price sensitive information was shared/discussed in the aforesaid Earnings Call.

Mahindra & Mahindra's stock has surged following a strong March quarter, driven by market share gains and margin expansion across its automotive and tractor segments. The company plans to boost capacity to 85,000 units per month by FY27 and launch 17 new vehicles by 2030, including five BEVs.

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This is further to our letter bearing REF:NS:SEC dated 2nd May, 2025 wherein we had given you an advance intimation of the Schedule of Analyst or Institutional Investor Meeting(s) with the Company in terms of Regulation 30(6) read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.We wish to inform you that the Company today virtually participated in Ambit Capital Conference in Mumbai with Several Funds/Investors (Group Meetings) and the Presentation(s) which was sent to the Stock Exchanges vide our letter bearing REF:NS:SEC dated 5th May 2025 was shared with them. The aforesaid Conference was concluded at 11.30 a.m. IST.The aforesaid Presentation is also available on the Website of the Company at the Weblink:https://www.mahindra.com/sites/default/files/2025-05/M%26M%20Q4F25%20Analyst%20Meet%20-%20Presentation%20Deck%20-%205th%20May%202025.pdfPlease note that the Company has referred to publicly available documents for discussions and no unpublished price sensitive information has been shared during the aforesaid Conference.

Please find enclosed Production, Sales and Export figures for April, 2025

The NSE Nifty index closed 81.56 points down at 24379.6

The headlines about auto sales numbers paint a gloomy picture. Should you be surprised by the low numbers? The answer is no. There is a technical reason why April sales tend to be lower. A lot of frontloading of sales happens in March in order to take advantage of depreciation norms. What many may have missed is that, in some cases, the auto stocks have already priced in this slowdown. In other cases, the stocks have not seen any drop, clearly indicating that there is no selling pressure. Is it because their EV forays are turning out to be better than expected?

Leading brokerage houses like Motilal Oswal, Nuvama, and Emkay Global maintain 'Buy' ratings on Coforge, M&M, and Voltamp Transformers, respectively. These stocks offer substantial upside potential, ranging from 22% to 46%, fueled by strong order books and demand. The positive outlook is further supported by strategic growth initiatives and robust earnings performance across these companies.

The letter containing the Newspaper Advertisements is attached

The NSE Nifty index was trading 61.41 points down at 24399.75

Indian benchmark indices opened flat on Tuesday, with the BSE Sensex down 69 points and the Nifty50 slipping 18 points. Gains in M&M and Bharti Airtel were offset by losses in Reliance Industries and Sun Pharma. Nifty Pharma dropped significantly as U.S. President Donald Trump signed an executive order impacting drug manufacturing.

Mahindra & Mahindra's Q4 results exceeded expectations, with a 22% YoY increase in standalone net profit and a 24% rise in revenue. The company's strong performance was driven by double-digit growth across its auto and farm segments, leading to an increased dividend payout. Brokerages remain bullish, citing robust growth prospects and new product launches.

We wish to inform you that the Company today conducted M&M Q4 FY25 Earnings Con-Call with Several Funds/Investors/Analysts in hybrid mode in Mumbai with respect to the Audited Standalone and Consolidated Financial Results of the Company for the Fourth Quarter and year ended 31st March, 2025 and the Presentation(s) which were made to them are attached herewith for your records.The same is also being uploaded on the Company's website and can be accessed at the following Link: M&M Q4F25 Analyst Meet - Presentation Deck - 5th May 2025Further, the AV Recording of the aforesaid Earnings Call with Several Funds/Investors/ Analysts is available on the Company's website and can be accessed at the following Link: https://www.mahindra.com/investor-relations/reports INVESTOR RELATIONS section under EARNINGS UPDATE Category with link https://youtu.be/_HGk6adHRjIPlease note the aforesaid Earnings Con-Call commenced at 3:30 p.m. (IST) and concluded at 5:00 p.m. (IST).Please note that the Company has referred to publicly available documents for discussions and no Unpublished Price Sensitive Information has been shared during the aforesaid Earnings Call.Kindly take the same on record.

The NSE Nifty index closed 114.46 points up at 24461.15

We are enclosing a presentation to be made at the Analyst / Institutional Investor Meeting today

In terms of Regulation 23(9) of SEBI LODR, PFA RPT Disclosure for H2 FY25

We are enclosing Press/Analyst Presentation being made

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M&M Q4 Results: During the quarter, the company’s total vehicle sales rose 18% YoY to 2,53,028 units, while tractor sales increased 23% YoY to 87,138 units. Utility vehicle (UV) volumes grew 18% YoY to around 1.49 lakh units.

The NSE Nifty index was trading 139.71 points up at 24486.4

The Q4 earnings season gains momentum with 41 companies set to announce results on Monday, including M&M and IHCL. M&M is projected to report a net profit surge of 16-21%, driven by strong volumes, potentially reaching ₹2,312-₹2,411 crore. Revenue is expected to rise by 18-22%, ranging from ₹29,742-₹30,744 crore.

Please refer to the enclosed file