Mahindra & Mahindra Ltd. (M&M) reported a strong performance in its Q2 FY2024-25 results, with a 13% year-on-year rise in net profit to Rs 3,841 crore, beating market estimates. The company's standalone profit before interest and tax (PBIT) margin for its auto segment improved by 140 basis points to 9.5%. Additionally, M&M's SUV volumes increased by 18%. The management noted some short-term international challenges but remained optimistic about the future, highlighting the potential of their EV and hospitality ventures. Meanwhile, Trent Ltd. reported its Q2 earnings, which fell below expectations, leading to a significant drop in its share price by nearly 7.60%. Trent also plans to add 15-20 Zudio stores in Q2. State Bank of India (SBI) reported a 28% year-on-year rise in net profit to Rs 18,331 crore, exceeding street expectations.