Summary

The Board of Directors of Mahindra & Mahindra Financial Services Limited announced the unaudited financial results for the quarter ended December 31, 2025 (Q3 FY26). The company's loan book grew by 12% YoY and disbursements grew 7% YoY. Profit After Tax (PAT) remained resilient despite the absorption of labour code impact for the quarter. NIM expanded YoY during the quarter supported by higher Fee Income and lower Cost of Funds. MMFSL’s Asset quality remained within the guided range, with GS3 at 3.80% and GS2+GS3 at 9.20%. The credit cost for quarter ended December 31, 2025, was at 1.3%.

Key Highlights

1. 1

   Q3FY26 Standalone Results

2. 2

   Standalone: Key Highlights

3. 3

   Operations: Mahindra Finance recorded its highest ever Q3 disbursements of 817,612 crore, registering a 7% YoY growth

4. 4

   Business Assets grew by 12% YoY

5. 5

   Collection Efficiency at 95%

6. 6

   Asset quality improved during the quarter

7. 7

   CORE Wheels Business

8. 8

   NEW ENGINES Diversification beyond vehicle finance remains a key strategic priority for Mahindra Finance