Mahindra & Mahindra Financial Services Ltd Reports Q1 FY26 Business Update with 1% YoY Disbursement Growth and 15% Increase in Business Assets

Mahindra & Mahindra Financial Services Ltd has released its Q1 FY26 business update. The company estimates an overall disbursement of approximately Rs. 12,800 crore, representing a year-over-year (YoY) growth of around 1% excluding finance lease. Business Assets have grown by approximately 15% over June 2024, now standing at Rs. 1,21,800 crore. The Collection Efficiency (CE) is estimated at 95% for Q1 FY26, compared to 94% in Q1 FY25. As of June 30, 2025, Stage-3 is estimated to be in the range of 3.8% to 3.9%, up from 3.7% as of March 31, 2025, and 3.6% as of June 30, 2024. Stage-2 is estimated to be in the range of 5.8% to 5.9%, compared to 5.4% as of March 31, 2025, and 6.1% as of June 30, 2024. The company maintains a comfortable liquidity position, with a liquidity chest of over Rs. 9,600 crore.