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“In Q3 FY25, we estimate the overall disbursement at approximately Rs 16,450 crore, YoY growth of 7% and for 9M FY25 disbursement at approximately Rs 42,350 crore, a growth of 4% YoY,” Mahindra & Mahindra Financial Services said in a regulatory filing.
Cumulatively, for the nine months ended December 31, 2024, disbursements reached ₹42,350 crore, marking a 4% YoY increase. The company’s business assets stood at ₹1,14,900 crore as of December 2024, an 18% increase compared to December 2023, showcasing robust asset growth during the period.
Also Read: M&M Financial to enter mortgage business with ₹20-30 crore investment
Collection efficiency (CE) remained stable at 95% for Q3 FY25, matching the performance in the corresponding quarter of the previous fiscal year. Asset quality showed marginal improvement, with stage-3 assets estimated at 3.9% as of December 2024, down from 4% a year ago. However, stage-2 assets rose slightly to 6.3%, compared to 6% as of December 2023.
The company maintained a strong liquidity position, with a liquidity chest exceeding ₹9,100 crore on its balance sheet.
Mahindra & Mahindra Financial Services reported a 57% growth in net profit to ₹369.5 crore in its second quarter. However, this figure fell short of the CNBC-TV18 poll estimate of ₹452 crore. The company reported a net profit of ₹235.2 crore in the same quarter last year.
Also Read: Mahindra Finance gets approval to launch co-branded credit cards with RBL Bank
The company’s total revenue stood at ₹3,897 crore in Q2 of FY25. The company’s net interest income (NII) reached ₹1,963.2 crore, exceeding the CNBC-TV18 poll forecast of ₹1,858.6 crore. This marks a year-on-year growth of 19.3%, up from ₹1,645.5 crore.
Meanwhile, the company reported a gross non-performing asset (NPA) ratio of 3.83%, up from 3.56% in the previous quarter. The net NPA also increased to 1.59%, compared to 1.46% quarter-on-quarter.
Shares of Mahindra & Mahindra Financial Services Limited ended at ₹276.45, up by ₹0.15, or 0.054%, on the BSE.
Also Read: M&M Financial Services shares slump 7% on decline in disbursements in September quarter
(Edited by : Shoma Bhattacharjee)
