Mahindra & Mahindra Financial Services Ltd Reports Q4 FY26 Disbursement Growth of ~11% to Approx. Rs. 17,180 Crore

Mahindra & Mahindra Financial Services Ltd has reported an estimated disbursement of approximately Rs. 17,180 crore for Q4 FY26, representing a Year-over-Year (YoY) growth of ~11%. The full-year disbursement for FY26 is estimated at approximately Rs. 61,100 crore, a YoY growth of ~6% excluding finance lease. The Business Assets have grown by ~12% to approximately Rs. 1,33,800 crore as of March 2026. The Collection Efficiency (CE) is estimated at 98% for Q4 FY26, a 1% increase from Q4 FY25, and 96% for FY26, maintaining the FY25 level. The Stage-3 is estimated to be in the range of 3.4% to 3.5%, a decrease from 3.8% as of December 31, 2025, and 3.7% as of March 31, 2025. The Stage-2 is estimated to be in the range of 4.8% to 4.9%, a decrease from 5.4% as of December 31, 2025, and March 31, 2025. The company maintains a comfortable liquidity position with a liquidity chest of over Rs. 9,000 crore.