New Delhi, May 5 -- Mahindra and Mahindra Ltd shrugged away concerns over the slowdown in the domestic car market as it outpaced the rest of the industry's growth in the previous financial year.

India's fourth-largest passenger vehicle maker saw its revenue in the traditionally slow March quarter surge 20% year-on-year to Rs.42,599 crore and profit increase by a fifth to Rs.3,295 crore.

For the full financial year (2024-25), Mahindra's revenue climbed 14% to Rs.1.59 trillion and profit by 15% to Rs.12,929 crore on the back of a surge in sales of sports utility vehicles (SUVs), a market the company dominates with a 23% share.

Sales volume jumped 20% to 551,000 in FY25, as against the industry's 2% growth.

Mahindra Group managing direct...