M&M Financial Services Q1 Results: Mahindra & Mahindra (M&M) Financial Services announced its April-June quarter results for fiscal 2025-26 (Q1FY26) on Tuesday, July 22, reporting a rise of 3.2% in standalone net profit to Rs 530 crore, compared to Rs 513 crore in the corresponding period last year.
The Mumbai-headquartered rural non-banking financial company (NBFC)'s total income rose 18% to Rs 4,438 crore compared to Rs 3,760 crore in the year-ago period. It is amongst the top tractor financers in India, with over 1000 offices across the country.
M&M Financial Services Q1 FY26 Highlights (Standalone, YoY)
Net profit rises 3.2% to Rs 530 crore versus Rs 513 crore
Total Income rises 18% to Rs 4,438 crore versus Rs 3,760 crore
M&M Financial Services Q1 score
The NBFC's net interest income increased by 19.7% from last year to Rs 2,267 crore. On a sequential basis, the core income grew by 5.4%. The elevated provisions led to profitability for the company being impacted.
Provisions for the June quarter of FY26 increased by 44.3% from the previous quarter to Rs 660 crore from Rs 457 crore in March, while its Pre-Provisioning Operating Profit (PPoP) increased 19.3% year-on-year to Rs 1,353 crore.
M&M Financial had reported its business update for the June quarter, with disbursements increasing 1% from last year, compared to a 5% growth it saw during the same quarter last year. Assets Under Management (AUM) had increased by 14.5% year-on-year to Rs 1.21 lakh crore.
Mahindra Finance is registered with the Reserve Bank of India as an asset finance, deposit taking NBFC. Mahindra Asset Management Company Private Limited is a wholly owned subsidiary of Mahindra and Mahindra Financial Services Limited (MMFSL).
M&M Financial Services offers vehicle financing includes auto and utility vehicles, tractors, cars, commercial vehicles and construction equipment For SMEs, loans are offered for varied purposes like project finance, equipment finance and working capital finance.
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