Mahindra and Mahindra Financial Services Ltd

Mahindra & Mahindra Financial Services has allotted 50,000 Listed, Secured, Rated, Redeemable Non-convertible Debentures of the face value of Rs. 1,00,000 per debenture, issued at par, aggregating to subscription amount of Rs. 500 crore on private placement basis.

Total income increased by 13.30% year on year to Rs 4,810.07 crore in the quarter ended 31 March 2026. Profit before tax was at Rs 1,161.34 crore in Q4 FY26, up 53.68% from Rs 755.66 crore posted in Q4 FY25. Net interest margin (NIM) in Q4 FY26 stood at Rs 2,739 crore, up 27% YoY. The NIM margin was at 7.5% in Q4 FY26, compared with 6.5% for Q4 FY25. Disbursement during the quarter was at Rs 17,184 crore, registering a growth of 11% YoY. The collection efficiency improved to 98% in Q4 FY26 as against 97% in Q4 FY25, driven by renewed momentum in collection on account of new stack adoption, digital workflows, data-led prioritization, and sharper focus on early delinquencies. The company's capital adequacy remained healthy at 18.8%, with Tier-1 capital at 16.7%. Provision coverage on GS3 stood at 59%, supported by the creation of management overlays. The total liquidity buffer remained comfortable at over Rs 9,100 crore. Asset quality improved both sequentially and on a YoY basis, with Stage 3 assets at 3.4% and Stage 2 assets at 4.8%, indicating gradual portfolio normalization and better slippage control. Quarterly disbursements remained healthy at Rs 17,184 crore, registering 11% YoY growth amid geopolitical headwinds, while demand momentum remained positive following GST rate cuts. Tractor disbursements grew 63% YoY during the quarter, driven by the company's focus on profitable growth. Business assets grew 12% YoY to Rs 134,096 crore, led by tractors, passenger vehicles (PVs), and MSME-led secured lending products. On a consolidated basis, profit after tax (PAT) stood at Rs 940 crore for the quarter, as against Rs 456 crore in the year-ago period. Total income increased by 14% to Rs 5,560 crore for the quarter ended March 31, 2026, compared with Rs 4,897 crore in the corresponding quarter last year. Raul Rebello, MD & CEO, Mahindra Finance said: This year's progress across growth, margins, and risk was driven by disciplined execution and resulted in a tangible step-up in profitability. Continued investments in our core vehicle franchise, new growth categories, and technology will support sustainable growth and profitability. Mahindra & Mahindra Financial Services Ltd (Mahindra Finance) has recommended a dividend of Rs 7.50 per equity share of face value Rs 2 each (375%) for the financial year ended 31 March 2026. The dividend, if approved by shareholders at the annual general meeting (AGM) scheduled for Tuesday, 21 July 2026, will be paid thereafter through permitted modes to eligible shareholders or their authorized mandates. Mahindra & Mahindra Financial Services (Mahindra Finance), part of the Mahindra Group, is one of India's leading non-banking finance companies. Focused on the rural and semi-urban sector, the company has over 12 million customers. The company is a leading vehicle and tractor financier, provides loans to SMEs, and also offers fixed deposits. The company has 1,348 offices and reaches out to customers spread over 518,000 villages and 8,000 towns across the country, transforming more than 1.2 crore lives.

Total income increased by 13.30% year on year to Rs 4,810.07 crore in the quarter ended 31 March 2026. Profit before tax was at Rs 1,161.34 crore in Q4 FY26, up 53.68% from Rs 755.66 crore posted in Q4 FY25. Net interest margin (NIM) in Q4 FY26 stood at Rs 2,739 crore, up 27% YoY. The NIM margin was at 7.5% in Q4 FY26, compared with 6.5% for Q4 FY25. Disbursement during the quarter was at Rs 17,184 crore, registering a growth of 11% YoY. The collection efficiency improved to 98% in Q4 FY26 as against 97% in Q4 FY25, driven by renewed momentum in collection on account of new stack adoption, digital workflows, data-led prioritization, and sharper focus on early delinquencies. The company's capital adequacy remained healthy at 18.8%, with Tier-1 capital at 16.7%. Provision coverage on GS3 stood at 59%, supported by creation of management overlays. The total liquidity buffer remained comfortable at over Rs 9,100 crore. Asset quality improved both sequentially and on a YoY basis, with Stage 3 assets at 3.4% and Stage 2 assets at 4.8%, indicating gradual portfolio normalization and better slippage control. Quarterly disbursements remained healthy at Rs 17,184 crore, registering 11% YoY growth amid geopolitical headwinds, while demand momentum remained positive following GST rate cuts. Tractor disbursements grew 63% YoY during the quarter, driven by the company's focus on profitable growth. Business assets grew 12% YoY to Rs 1,34,096 crore, led by tractors, passenger vehicles (PVs), and MSME-led secured lending products. On a consolidated basis, profit after tax (PAT) stood at Rs 940 crore for the quarter, as against Rs 456 crore in the year-ago period. Total income increased by 14% to Rs 5,560 crore for the quarter ended March 31, 2026, compared with Rs 4,897 crore in the corresponding quarter last year. Raul Rebello, MD & CEO, Mahindra Finance said: This year's progress across growth, margins and risk was driven by disciplined execution and resulted in a tangible step-up in profitability. Continued investments in our core vehicle franchise, new growth categories, and technology will support sustainable growth and profitability'. Mahindra & Mahindra Financial Services Ltd (Mahindra Finance) has recommended a dividend of Rs 7.50 per equity share of face value Rs 2 each (375%) for the financial year ended 31 March 2026. The dividend, if approved by shareholders at the annual general meeting (AGM) scheduled for Tuesday, 21 July 2026, will be paid thereafter through permitted modes to eligible shareholders or their authorised mandates. Mahindra & Mahindra Financial Services (Mahindra Finance), part of the Mahindra Group, is one of India's leading non-banking finance companies. Focused on the rural and semi-urban sector, the Company has over 12 million customers. The Company is a leading vehicle and tractor financier, provides loans to SMEs and also offers fixed deposits. The Company has 1,348 offices and reaches out to customers spread over 5,18,000 villages and 8,000 towns across the country, transformed more than 1.2 crore lives. The scrip shed 0.88% to end at Rs 294.30 on the BSE.

Net profit of Mahindra & Mahindra Financial Services rose 105.16% to Rs 938.02 crore in the quarter ended March 2026 as against Rs 457.22 crore during the previous quarter ended March 2025. Sales rose 13.37% to Rs 5538.73 crore in the quarter ended March 2026 as against Rs 4885.63 crore during the previous quarter ended March 2025. For the full year,net profit rose 26.20% to Rs 2854.53 crore in the year ended March 2026 as against Rs 2261.87 crore during the previous year ended March 2025. Sales rose 13.77% to Rs 21005.37 crore in the year ended March 2026 as against Rs 18463.10 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales5538.734885.63 13 21005.3718463.10 14 OPM %64.1359.04 -62.5063.00 - PBDT1369.17693.99 97 4344.933348.12 30 PBT1259.07609.47 107 3958.853026.91 31 NP938.02457.22 105 2854.532261.87 26 Powered by Capital Market - Live

Mahindra & Mahindra Financial Serv. announced that the Annual General Meeting(AGM) of the company will be held on 21 July 2026.

Mahindra & Mahindra Financial Serv. announced that the Board of Directors of the Company at its meeting held on 24 April 2026, inter alia, have recommended the final dividend of Rs 7.5 per equity Share (i.e. 375%) , subject to the approval of the shareholders.

Mahindra & Mahindra Financial Serv. will hold a meeting of the Board of Directors of the Company on 24 April 2026.

Mahindra & Mahindra Financial Services has received credit ratings for commercial paper from CRISIL and India Ratings and Research as under: Commercial paper (Rs 17,000 crore) - CRISIL A1+ Commercial paper (Rs 20,000 crore) - IND A1+

Mahindra & Mahindra Financial Services has received credit ratings from CRISIL as under: Non convertible debentures (Rs 32,875 crore) - CRISIL AAA/ Stable Subordinated debt (Rs 5,113.50 crore)- CRISIL AAA/ Stable Commercial paper (Rs 17,000 crore) - CRISIL A1+Powered by Capital Market - Live

Mahindra Stable for various debt facilities availed by the company.Powered by Capital Market - Live