Mahindra & Mahindra Financial Services Ltd Reports Q2 FY26 Business Update: 3% YoY Disbursement Growth, 13% Business Assets Growth

Mahindra & Mahindra Financial Services Ltd has reported its business updates for Q2 FY26. The company estimates an overall disbursement of approximately Rs. 13,500 crore, representing a 3% year-over-year (YoY) growth compared to the previous year. For H1 FY26, the disbursement is estimated at approximately Rs. 26,300 crore, a growth of 2% YoY. Business Assets have grown by approximately 13% over September 2024, reaching Rs. 1,26,800 crore. The Collection Efficiency (CE) is estimated at 96% for Q2 FY26, remaining consistent with Q2 FY25's CE. As of September 30, 2025, Stage-3 is estimated to be in the range of 3.9% to 4.0%, while Stage-2 is estimated to be in the range of 5.75% to 5.85%. The company maintains a comfortable liquidity position with a liquidity chest of over Rs. 8,500 crore.