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Mahindra Finance Profit Down YoY, Beats Estimates
28 Jan
Summary
- Mahindra Finance's Q3 net profit was ₹810.4 crore, exceeding estimates.
- Net profit declined year-on-year but asset quality showed improvement.
- Loan disbursements increased 7% year-on-year in the December quarter.
Mahindra & Mahindra Financial Services announced its Q3 results, revealing a net profit of ₹810.4 crore, which exceeded the market's expectations.
Despite this positive beat, the net profit represented a year-on-year decrease from the ₹899.5 crore reported in the same period last year.
The company's net interest income saw a robust 20.6% increase, reaching ₹2,304 crore, driven by steady loan growth.
Disbursements during the December quarter were approximately ₹17,600 crore, a 7% rise compared to the previous year. Business assets grew by about 12% to nearly ₹1.29 lakh crore as of December 31, 2025.
Asset quality demonstrated positive trends, with collection efficiency remaining stable at 95%. Stage-3 assets were between 3.9-4.0%, largely unchanged sequentially, while Stage-2 assets decreased to 5.4-5.5% from 5.8% in the September quarter.
