Mahindra Finance Posts Estimated Disbursements of ₹16,450 Cr in Q3 FY25, with Year-on-Year Growth of 7%

Mumbai, January 4 (Alayaran.com): Mahindra & Mahindra Financial Services Limited (Mahindra Finance) on Friday reported estimated disbursements of ₹16,450 crore for the third quarter of FY25, marking a year-on-year growth of 7%. The overall disbursement for the nine months ended December 31, 2024, reached ₹42,350 crore, with a 4% increase compared to the previous year.
The company's business assets stood at ₹1,14,900 crore as of December 2024, an 18% increase from the same period last year. Collection efficiency remained stable at 95% for Q3 FY25, matching the performance in the corresponding quarter of the previous fiscal year.
Asset quality showed marginal improvement, with stage-3 assets estimated at 3.9% as of December 2024, down from 4% a year ago. However, stage-2 assets rose slightly to 6.3%, compared to 6% as of December 2023.
Mahindra Finance reported a strong liquidity position, with a liquidity chest exceeding ₹9,100 crore on its balance sheet. The company's net profit in the second quarter was ₹369.5 crore, experiencing a 57% growth year-on-year, although falling short of the CNBC-TV18 poll estimate of ₹452 crore.
The company's total revenue stood at ₹3,897 crore in Q2 of FY25, while its net interest income reached ₹1,963.2 crore, exceeding the CNBC-TV18 poll forecast of ₹1,858.6 crore. However, the gross non-performing asset (NPA) ratio increased to 3.83%, and the net NPA also rose to 1.59% compared to the previous quarter.
Closing at ₹276.45 on Friday, shares of Mahindra Finance Limited saw a modest increase of ₹0.15 or 0.054%.