In 1981, a dedicated anti-tank variant of the Mi-24V was devised, replacing the gunner-controlled, nose-mounted 12.7 mm turret with a pilot-controlled fixed Gsh-30-2K twin-barrel 30 mm cannon from an Su-25 for anti-tank duties. The resulting variant, named the Mi-24P, would quickly enter service, and would also be exported alongside the Mi-24V to many countries.

The Mi-24P (NATO reporting name: Hind-F) was introduced in Update 1.81 "The Valkyries". The Mi-24P is very similar to the previous Mi-24V, having the same airframe, technology, and weapons. The only difference is the gun armament: the chin-mounted 12.7 mm Gatling gun has been replaced with a fixed GSh-30-2K cannon mounted on the right side of the nose for anti-armour duties. This is the same type of cannon mounted on the Su-25 attack jet, another Soviet "flying tank". Although it is difficult to aim, a quick burst from the cannon can shred lightly armoured vehicles. Thus, the Mi-24P is a sidegrade to the previous Mi-24V, being more focused on anti-armour duties than anti-infantry.