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Informist, Friday, Apr. 24, 2026

 

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--M&M Fincl Jan-Mar net profit INR 8.73 bln
--Analysts saw M&M Fincl Jan-Mar net profit at INR 8.65 bln
--M&M Fincl Jan-Mar net profit INR 8.73 bln vs INR 5.63 bln year ago
--M&M Fincl Jan-Mar revenue INR 48.00 bln vs INR 42.41 bln year ago
--M&M Fincl to pay INR 7.50 per share dividend
--M&M Fincl dividend record date Jul 13
--M&M Fincl FY26 net profit INR 27.82 bln vs INR 23.45 bln year ago
--M&M Fincl FY26 revenue INR 184.46 bln vs INR 160.19 bln year ago
--M&M Fincl gross stage 3 asset ratio 3.41% Mar 31 vs 3.80% qtr ago
--M&M Fincl net stage 3 asset ratio 1.44% Mar 31 vs 1.82% qtr ago
--M&M Fincl capital adequacy ratio at 18.84% on Mar 31
--M&M Fincl provision coverage ratio at 58.55% on Mar 31
--M&M Fincl liquidity coverage ratio at 224% on Mar 31
--M&M Fincl Jan-Mar net interest margin 7.5% vs 6.5% year ago
--M&M Fincl Jan-Mar net interest income INR 27.29 bln, up 27% on year
--M&M Fincl disbursements INR 171.84 bln on Mar 31, up 11% on year
--M&M Fincl business assets under mgmt INR 1.34 tln on Mar 31, up 12% on year

 

By Shweta

 

NEW DELHI – Mahindra & Mahindra Financial Services Ltd. reported a sharp year-on-year rise in its net profit for the March quarter on the back of healthy net interest income. Total expenses of the company for the three months rose slower than its top line, aiding the year-on-year bottom line rise. The company's bottom line reverted to growth in the March quarter after a near-double digit year-on-year decline in the trailing quarter. The bottom line was a tad above the Street's estimate.

 

The vehicle financier's net profit rose 55% on year and around 8% sequentially to INR 8.73 billion for the March quarter. Analysts had estimated the company's bottom line at INR 8.65 billion for the period.

 

Total income was INR 48.10 billion for the latest quarter, up over 13% on year and nearly 1% on quarter. The company's revenue from operations rose over 13% on year and nearly 1% sequentially to INR 48 billion and other income was INR 101 million, which was up over twofold on year and almost 5% on quarter.

 

The company will pay a dividend of INR 7.50 per share and has set a record date of Jul. 13 for the same. 

 

For the March quarter, the company's assets under management rose 12% on year to INR 1.34 trillion. Disbursements rose 11% on year to INR 171.84 billion for the quarter, despite geopolitical headwinds, as demand remained positive following goods and services tax cuts, according to a press release by the company. The net interest margin also increased around 101 basis points on year to 7.5% at the end of March. The company's credit cost was 1.5% for the March quarter against 1.4% a year ago.

 

The company's net interest income–-interest earned minus interest expended-–rose 27% on year to INR 27.29 billion for the March quarter, according to the investor presentation. The company reported a nearly 5% on-year growth in its total expenses to INR 36.49 billion for the period. 

 

Its gross stage 3 asset ratio was 3.41% as of Mar. 31, lower than 3.80% at the end of December quarter. The company's net stage 3 asset ratio was 1.44% at end-March against 1.82% end-December.  

Mahindra and Mahindra Financial's capital adequacy ratio was at 18.84% as of Mar. 31, lower than 19.82% at the end of the trailing quarter. The provision coverage ratio for stage 3 assets increased to 58.55% at the end of March against 53.02% a quarter ago. The company's liquidity coverage ratio was at 224% as of Mar. 31 compared with 293% at end-December.

 

"Continued investments in our core vehicle franchise, new growth categories, and technology will support sustainable growth and profitability," said Raul Rebello, managing director and chief executive officer. 

 

For 2025-26 (Apr-Mar), Mahindra & Mahindra financials' net profit grew nearly 19% on year to INR 27.82 billion from INR 23.45 billion. Its revenue was INR 184.46 billion, up over 15% from INR 160.19 billion in FY25. 

 

The company announced its quarterly earnings post market hours. On Friday, shares of the company ended at INR 294.30 on the National Stock Exchange, down nearly 1% from the previous close.  End

 

Edited by Akul Nishant Akhoury

 

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