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Mahindra & Mahindra Financial Services
Mahindra & Mahindra Financial Services (M&MFIN) investor relations material
Mahindra & Mahindra Financial Services Q2 26/27 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 26/27 earnings summary21 Oct, 2026
Executive summary
Standalone Q2FY27 PAT rose 55% YoY to ₹881.52 crore; disbursements increased 22% to ₹16,499 crore and AUM grew 15% to ₹1,46,512 crore.
Standalone Q2 ROA was 2.2%; GS3 was 3.42%, GS2+GS3 was 8.1% and credit cost was 1.6%.
Consolidated H1FY27 PAT increased 68% to ₹1,838.21 crore; standalone H1 PAT was ₹1,780.17 crore.
Financial highlights
Standalone Q2 revenue from operations was ₹5,163.51 crore, up 15% YoY; NII grew 17% to ₹2,822 crore and pre-provisioning operating profit rose 20% to ₹1,791 crore.
Consolidated Q2 revenue from operations increased 18% to ₹5,935.66 crore; NII rose 21% to ₹3,413 crore and PAT grew 61% to ₹910.73 crore.
Standalone H1 revenue from operations was ₹10,135.63 crore and PAT was ₹1,780.17 crore; consolidated H1 revenue was ₹11,653.57 crore and PAT was ₹1,838.21 crore.
Q2 standalone impairment expense was ₹629.51 crore versus ₹751.38 crore YoY; consolidated impairment expense was ₹628.50 crore versus ₹767.99 crore.
Outlook and guidance
FY31 milestones include ROA of 2.2%-2.5%, credit cost of 1.3%-1.7%, GS2+GS3 below 10% and PPC of 3.2%-3.5%; medium- to long-term AUM growth target is 16%-18%.
Priorities include defending wheels leadership, expanding mortgages, SME, leasing and fee income, and improving efficiency through data, digital and AI while sustaining asset quality.
Management expects H2 disbursement growth, while noting a high prior-year base and a constrained environment require measured execution.
Q2 loan-income compression reflected seasonal trade advances and elevated liquidity; management expects these non-earning balances to convert into earning assets.
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Latest events from Mahindra & Mahindra Financial Services
- Disbursements surged 67%, with FY00 growth targeted above 25%.M&MFIN
Q4 98/99 - Disbursements surged and profits grew as rights capital strengthened funding capacity.M&MFINQ4 99/00
- Disbursements rose 32% and PAT 77.63% despite a contracting auto market.M&MFINQ4 00/01
- Disbursements rose 17% and PAT 188% amid weak vehicle markets and deeper rural reach.M&MFINQ4 01/02
- Disbursements surged 38%, with profit up 60% and CRAR at 16.5%.M&MFINQ4 02/03
- Disbursements surged 43% as earnings grew and securitisation scaled funding.M&MFINQ4 03/04
- Disbursements surged 45% as AUM topped Rs. 4,269 crore and CRAR reached 17.74%.M&MFINQ4 04/05
- FY06 growth accelerated, while rural opportunity met rising funding and fuel costs.M&MFINQ4 05/06
- Strong rural-led growth lifted income 42%, but rising costs curbed profit growth.M&MFINQ4 06/07
Next Mahindra & Mahindra Financial Services earnings date
Q3 26/2727 Jan, 2027
Mahindra & Mahindra Financial Services
Next Mahindra & Mahindra Financial Services earnings date
Q3 26/2727 Jan, 2027
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Frequently asked questions
Mahindra & Mahindra Financial Services Limited is an India-based non-banking financial company (NBFC) that provides financial products and services primarily in rural and semi-urban areas. The company offers loans for utility vehicles, tractors, commercial vehicles, and two-wheelers, along with personal loans, SME financing, insurance broking, and mutual fund distribution. It serves individual and enterprise customers through an extensive network across India. The company is part of the Mahindra Group. Mahindra & Mahindra Financial Services Limited is headquartered in Mumbai, India, and its shares are listed on the NSE.