Mahindra & Mahindra Financial Services Limited — PPTs, 28-10-2025: Investor Presentation

Mahindra & Mahindra Financial Services (MMFSL) reported strong Q2 FY26 financial results. Profit after Tax surged 54% year-on-year (YoY) to ₹569 Cr, while Total Income grew 14% YoY to ₹4,489 Cr. Disbursements saw a 3% YoY increase, reaching ₹13,514 Cr, pushing Assets Under Management (AUM) up 13% YoY to ₹1,27,246 Cr. Growth was primarily driven by Tractor financing (up 41%), SME loans (up 12%), and other personal loan categories (up 41%). CV & CE and 3-Wheeler segments faced a decline.

MMFSL is focused on strengthening its operating model, aiming for better RoA and RoE outcomes. Strategies include enhancing efficiency across sales, underwriting, and collections using data, digital, and AI. The company also seeks to grow SME, leasing, and insurance fee income, alongside turning around its housing finance subsidiary, MRHFL, for affordable housing growth.

Notably, Mahindra Rural Housing Finance (MRHFL) showed significant improvement, with its Gross Stage 3 falling to 2.86% from 9.14% last year, and PAT rising to ₹11 Cr. Mahindra Insurance Brokers also grew its PAT by 54% YoY to ₹20 Cr.

Asset quality remains stable, with Gross Stage 2 + Gross Stage 3 at 9.7%. Capital Adequacy is comfortable at 19.5% (Tier I at 16.9%). Half-year Basic EPS stood at ₹8.17. The company is committed to sustaining risk levels and defending its leadership in vehicle financing, signaling a focus on steady future growth and improving margins.