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Informist, Tuesday, Jul. 21, 2026

--M&M Fincl Apr-Jun net profit INR 8.99 bln
--Analysts saw M&M Fincl Apr-Jun net profit at INR 7.94 bln 

--M&M Fincl Apr-Jun net profit INR 8.99 bln vs INR 5.30 bln year ago

--M&M Fincl Apr-Jun revenue INR 49.72 bln vs INR 44.19 bln year ago 

--M&M Fincl gross stage 3 asset ratio 3.45% Jun 30 vs 3.41% qtr ago 

--M&M Fincl net stage 3 asset ratio 1.48% Jun 30 vs 1.44% qtr ago 

--M&M Fincl capital adequacy ratio 18.54% as on Jun 30 

--M&M Fincl provision coverage ratio for stage 3 assets 58.08% on Jun 30 

--M&M Fincl liquidity coverage ratio 281% as on Jun 30 

 

By Vaishali Tyagi 

 

NEW DELHI – Mahindra & Mahindra Financial Services Ltd. reported its strongest year-on-year net profit growth in 17 quarters in the June quarter, driven by a rise in total income. The increase in total expenditure in Apr-Jun was the least in the past 16 quarters, which also supported the bottom line.

 

The non-banking financial company's net profit rose nearly 70% on year and around 3% sequentially to INR 8.99 billion for the June quarter. The profit beat Street estimates as analysts had estimated the company's bottom line at INR 7.94 billion.

 

Total income for the reporting quarter was INR 49.74 billion, up over 12% on year and over 3% on quarter. The company's revenue from operations rose nearly 13% on year and around 4% on quarter to INR 49.72 billion. A significant fall in other income weighed on the total income of the company. Other income in the June quarter was INR 18 million, down over 10 times on year and almost 82% on quarter. 

   

The company released its earnings during  market hours. On Tuesday, shares of the company ended at INR 349.85, up nearly 9% on the National Stock Exchange. 

 

The company's total expenditure grew marginally to INR 37.88 billion, up over 1% on year. Sequentially, it rose nearly 4%. Of the total expenditure, other expenses rose over 11% on year to 3.40 billion in the June quarter. However, it was down over 7% on quarter.

Further, a 14% year-on-year decline in impairment on financial instruments at INR 5.70 billion helped keep overall expenditure growth marginal.

 

Its gross stage 3 asset ratio was 3.45% as of Jun. 30, higher than 3.41% as of Mar. 31. The company's net stage 3 asset ratio was 1.48% at the end of June, against 1.44% at the end of March.  

Mahindra and Mahindra Financial's capital adequacy ratio was 18.54% as of Jun. 30, lower than 18.84% at the end of the trailing quarter. The provision coverage ratio for stage 3 assets fell to 58.08% at the end of June from 58.55% a quarter ago. The company's liquidity coverage ratio was at 281% as of Jun. 30 compared with 224% at the end of March.  End

 

Edited by Avishek Dutta

 

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