Mahindra & Mahindra Financial Services Ltd Reports Q3 FY26 Business Update with 7% YoY Disbursement Growth

Mahindra & Mahindra Financial Services Ltd has reported its business update for Q3 FY26. The company estimates an overall disbursement of approximately Rs. 17,600 crore, representing a 7% year-over-year (YoY) growth compared to the previous year. For 9M FY26, the disbursement is estimated at approximately Rs. 43,900 crore, a growth of 4% YoY, excluding finance lease. Business Assets have grown by approximately 12% over December 2024, reaching Rs. 1,29,000 crore. The Collection Efficiency (CE) is estimated at 95% for Q3 FY26, consistent with Q3 FY25. As of December 31, 2025, Stage-3 is estimated to be in the range of 3.9% to 4.0%, and Stage-2 is estimated at 5.4% to 5.5%. The company maintains a comfortable liquidity position with a liquidity chest of over Rs. 8,850 crore.