MAHINDRA & MAHINDRA FINANCIAL SERVICES LTD.

Mahindra & Mahindra Financial Services Limited (MMFSL) announced its Board of Directors has approved a Scheme of Merger by Absorption with Mahindra Rural Housing Finance Limited (MRHFL). The merger aims to consolidate lending businesses into a single listed platform, creating a broader retail lending franchise, a simplified operating architecture, and enhanced operating leverage. The transaction is expected to improve integration of businesses, technology, risk management, and support functions, accelerating growth and diversification. The appointed date for the merger is April 01, 2027, subject to regulatory and NCLT approvals. MRHFL will be dissolved without winding up, with its assets and liabilities transferred to MMFSL at carrying values. NCDs of MRHFL will become NCDs of MMFSL on the same terms.

Mahindra & Mahindra Financial Services Ltd has received an ESG Rating of 76 (Excellent) for FY2026 from ESG Risk Assessments and Insights Limited (ESG Risk AI), a SEBI-registered provider. This marks an improvement from the previous year's rating of 73.8 in FY2025. Notably, ESG Risk AI independently prepared this report based on publicly available information, as the company did not engage them for the rating. This disclosure is made in compliance with SEBI Listing Regulations.

Mahindra & Mahindra Financial Services Ltd announced its unaudited financial results for the first quarter ended June 30, 2026. The company reported a consolidated Profit After Tax (PAT) of ₹927 crore, a significant 75% year-on-year increase from ₹529 crore in Q1 FY26. Total income rose by 14% to ₹5,725 crore. On a standalone basis, PAT was ₹899 crore, up 70% YoY, with Return on Assets (RoA) at 2.4%. Assets Under Management (AUM) grew 13% YoY to ₹1,37,449 crore, and disbursements surged 22% YoY to ₹15,564 crore, marking a first-quarter record. Net Interest Margins (NIM) expanded to 7.3%, and credit costs improved to 1.5%. The company highlighted strong performance in vehicle financing, particularly tractors and passenger vehicles, and significant growth in non-vehicle finance segments.

Mahindra & Mahindra Financial Services Limited announced its unaudited standalone and consolidated financial results for the first quarter ended June 30, 2026. The Board of Directors approved these results during a meeting held on July 21, 2026. The company has also submitted the Limited Review Report from its joint statutory auditors, M/s. M M Nissim & Co. LLP and M/s. M. P. Chitale & Co. An extract of the newspaper publication containing the results and a QR code linking to the company's website for further details has also been provided.

Mahindra & Mahindra Financial Services opened FY27 with consolidated net profit of ₹927.48 Cr, up 75.3% YoY off a depressed year-ago base (₹528.96 Cr), on revenue from operations of ₹5,717.91 Cr (+14.6% YoY). Sequentially the print was flat-to-soft (PAT −1.4%, revenue +3.2% vs Q4 FY26's ₹940.48 Cr / ₹5,538.73 Cr), so the story is firmly year-on-year, not the quarter-on-quarter comparison. Standalone PAT of ₹898.65 Cr (+69.7% YoY) tells the same story with no material divergence in growth. The profit surge is a margin and credit-cost story more than a topline one. Net profit margin expanded to 16.20% from 10.55% a year ago (broadly flat vs 16.92% in Q4). Interest income rose ~10.8% YoY to ₹4,952 Cr and fee/services income grew (sale of services ₹452.8 Cr vs ₹306.6 Cr), but the swing factor was impairment on financial instruments falling to ₹567.32 Cr from ₹695.11 Cr — the year-ago June quarter was heavily provisioning-hit (profit then rose only ~3%), so this is a recovery off a low base rather than a one-off. There is no exceptional item this quarter; the prior-year ₹132.95 Cr New Labour Codes charge sat in FY26's full-year line, not in Q1 FY26, so the +75% is a clean, unadjusted number. The result validates the operational pre-announcement: on July 2 the company flagged Q1 disbursements up 21% YoY to ₹15,560 Cr and business assets up ~12%, and the financing segment's assets duly stand at ₹1,65,529 Cr, +15.9% YoY. No company-specific PAT consensus surfaced in previews; the broader NBFC sector was pencilled in for ~20% profit growth (Business Standard), which M&M Finance's +75% comfortably clears. Against management's own January guidance — a 2% ROA first milestone, mid-to-high-teens loan-book CAGR and credit costs held to 1.5–1.7% — the quarter is on track: annualised ROA works out near ~2.2%, loan growth ~16%, and credit costs are normalising. Concurrent developments include an ESG rating upgrade to 70 (Strong) and the still-pending in-principle evaluation of the MRHFL merger approved on Jan 28, 2026. Asset quality improved: Gross Stage-3 eased to 3.45% (from 3.85% YoY) with PCR at 58.08%, capital adequacy at 18.54% and LCR a comfortable 281%. The key question into H2 — a seasonally stronger period for the wheels-led book — is whether the credit-cost normalisation that powered this print holds.

Mahindra & Mahindra Financial Services Ltd has announced an improvement in its ESG rating, as independently assigned by Crisil ESG Ratings & Analytics Limited. The company's overall ESG score has risen to 70 (Strong) from a previous score of 66. Additionally, its Core ESG Rating has also seen an increase, moving from 70 to 73. Crisil ESG Ratings prepared this report based on disclosures for FY2026 and publicly available information, without direct engagement from the company. This development highlights the company's enhanced performance in Environmental, Social, and Governance aspects.

Mahindra & Mahindra Financial Services Ltd has provided a quarterly business update for Q1 FY27, estimating overall disbursements at approximately ₹15,560 crore, marking a significant 21% year-on-year growth (excluding finance lease). Business Assets grew by approximately 12% to ₹1,37,300 crore as of June 2026. The company reported a Collection Efficiency of 95% for Q1 FY27, consistent with the previous year. Stage-3 assets are estimated between 3.4% to 3.5%, showing a slight improvement from March 2026 and a decrease from June 2025. Stage-2 assets are projected between 4.9% to 5.0%, also showing improvement from March 2026 and a decrease from June 2025. The company maintains a strong liquidity position with over ₹14,600 crore in its liquidity chest.

Mahindra & Mahindra Financial Services Ltd (MMFSL) has announced a Board of Directors meeting scheduled for July 21, 2026. The primary agenda is to consider and approve the unaudited standalone and consolidated financial results for the first quarter ended June 30, 2026. These results will be subject to a limited review by the company's joint statutory auditors. Concurrently, the trading window for MMFSL securities will be closed from July 1, 2026, to July 23, 2026, for designated persons and their immediate relatives, in compliance with SEBI regulations.

Mahindra & Mahindra Financial Services Ltd (MMFSL) has announced the closure of its trading window from July 1, 2026, to July 23, 2026, inclusive. This closure is in compliance with SEBI regulations and is for the purpose of considering and approving the unaudited standalone and consolidated financial results for the first quarter ended June 30, 2026. The Board of Directors meeting to approve these results is scheduled for July 21, 2026. The financial results will be subject to a limited review by the company's joint statutory auditors. The trading window will reopen after the announcement of the results.

Mahindra & Mahindra Financial Services Ltd has dispatched letters to its members and debenture holders, providing a web-link and QR code to access the Notice of the 36th Annual General Meeting (AGM) and the Integrated Annual Report for FY 2025-26. The AGM is scheduled for Tuesday, July 21, 2026, at 3:30 p.m. IST, to be held via Video Conferencing. The company also announced a final dividend of 375% (₹7.50 per equity share) for FY2026, with a record date of July 13, 2026. Shareholders are reminded to update their KYC details, especially those holding physical securities, to ensure electronic payment of dividends and other entitlements.