Mahindra & Mahindra Financial Services Limited — Important, 02-07-2025: Updates

Mahindra & Mahindra Financial Services reported Q1 disbursements of around Rs. 12,800 crore, up ~1% YoY (excluding finance lease). Business assets rose ~15% to Rs. 1,21,800 crore versus June 2024. Collection Efficiency improved to 95% from 94% last year. Asset quality saw a slight rise in Stage-3 to 3.8-3.9%, while Stage-2 decreased to 5.8-5.9%. Liquidity remains strong with over Rs. 9,600 crore in cash reserves. Overall, stable growth with controlled asset quality and healthy collections.