Mahindra & Mahindra Financial Services Limited — Investor Meet, 28-07-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Mahindra Finance reported flat Q1 disbursements, though AUM rose 15% and PAT 3%, boosted by a recurring MIBL dividend. Tractor lending saw a strong 21% disbursement growth, while other Wheel segments were subdued. Asset quality improved, with GS2+GS3 at 9.7%. Management is optimistic for the rest of FY26, citing rural tailwinds and favorable policies. Strategic priorities include diversifying beyond Wheels and optimizing operations with a new cloud-based tech stack. Capital remains robust post-rights issue, supporting a long-term mid-teen growth target.