Mahindra & Mahindra Financial Services Limited — Investor Meet, 30-04-2026: Analysts/Institutional Investor Meet/Con. Call Updates

The company reported a strong Q4 & FY26 with PAT up 55% YoY and full-year PAT up 19%. ROA for Q4 was 2.4%. Net Interest Margins (NIM) expanded 101 bps YoY, driven by portfolio rebalancing and higher fee income. Asset quality improved significantly, with GS2+GS3 at an 8-year low of 8.18%. A prudent INR 217 Cr overlay was created due to macro headwinds. Digital transformation and AI are enhancing efficiency in disbursements and collections. Management aims for mid-teen AUM growth and 15% ROE, focusing on diversification in SME and mortgages, while maintaining a cautious outlook amidst external factors.