Summary

Mahindra & Mahindra Financial Services Limited (Mahindra Finance) has reported a 54% year-on-year (YoY) growth in Profit After Tax (PAT) for the quarter ended September 30, 2025. The Company’s loan book grew by 13% YoY and disbursements grew at 3% YoY. MMFSL’s Asset quality remained within the guided range, with GS3 at 3.9% and GS2+GS3 at 9.7%. The credit cost for quarter ended September 30, 2025, was at 2.2%.

Key Highlights

1. 1

   54% YoY growth in Profit After Tax (PAT)

2. 2

   13% YoY growth in loan book

3. 3

   3% YoY growth in disbursements

4. 4

   Asset quality remained within the guided range, with GS3 at 3.9% and GS2+GS3 at 9.7%

5. 5

   Credit cost for quarter ended September 30, 2025, was at 2.2%

6. 6

   Disbursements of 213,514 crore, reflecting a 3% YoY growth

7. 7

   Tractor disbursements grew 41% YoY

8. 8

   Business assets grew by ~13% YoY, reaching 21,27,246 crore as of September 30, 2025

9. 9

   Collection efficiency was at 96%, similar to Q2 FY25

10. 10

    Asset quality remained broadly stable during the quarter

11. 11

    Company continues to maintain GS2 + GS3 levels below 10%

12. 12

    Liquidity remained healthy ensuring ample flexibility for future growth and risk mitigation

13. 13

    Company is steadily expanding its presence across SME lending, leasing through Quiklyz, fee-based income through insurance and investment products

14. 14

    Non-vehicle finance portfolio continues to grow by 33% YoY

15. 15

    Asset book expanded by 34% on a YoY basis and was at 26,911 crore as of September 30, 2025

16. 16

    Leasing business continued to gain momentum, driven by reasonable growth in the B2B segment and a measured expansion in the B2C space

17. 17

    Company witnessed encouraging adoption of its digital insurance portal

18. 18

    CFC Finlease Private Limited, a SEBl-registered ESG Rating Provider, has assigned the company an ESG Score of 83 (Category — “Excellent”) with an ESG Rating of “A”