M&M Financial Services: Q2 FY27 Disbursements Up 22% YoY
Mahindra & Mahindra Financial Services Ltd. reported a strong Q2 FY27 business update. Estimated overall disbursement reached approximately ₹16,490 crore, marking a significant ~22% year-on-year growth. For the first half of FY27 (H1 FY27), disbursements stood at approximately ₹32,050 crore, also showing ~22% YoY growth (excluding finance lease). Business Assets grew by ~15% to approximately ₹1,46,300 crore as of September 2026. The company maintained a healthy Collection Efficiency of an estimated 97% for Q2 FY27. Asset quality showed improvement, with Stage-3 assets estimated between 3.35% and 3.45% and Stage-2 assets between 4.7% and 4.8%. The company also maintained a robust liquidity position with over ₹16,200 crore in its liquidity chest.
Key Highlights
- Disbursements grew 22% YoY to ₹16,490 crore in Q2 FY27.
- Business Assets increased 15% to ₹1,46,300 crore.
- Collection Efficiency estimated at 97% for Q2 FY27.
- Stage-3 assets improved to an estimated 3.35%-3.45%.
- Liquidity chest exceeds ₹16,200 crore.
Price Impact
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