Mahindra Finance records PAT of ₹ 882 Cr, up by 55% YoY
Financial Results – Quarter 2 FY27, Standalone & Consolidated Results
Mumbai, October 21, 2026: The Board of Directors of Mahindra & Mahindra Financial Services Limited (Mahindra Finance), a trusted financial solutions provider for Bharat at its meeting held today, announced the unaudited financial results for the quarter ended September 30, 2026.
Speaking on the results, Raul Rebello, MD & CEO, Mahindra Finance said: “Our Q2 performance gives us further confidence that the changes we have been making are translating into stronger and more consistent business outcomes. With disbursements up 22% on broad-based growth, credit costs contained at 1.6%, and profit growth of 55%, we are encouraged by the momentum and remain focused on disciplined execution towards our FY31 ambitions”
Q2 FY27 Standalone Performance Highlights
- Mahindra Finance records PAT of ₹ 882 Cr, up by 55% YoY with ROA expanding by ~53 bps to 2.2%
- AUM grew by 15% YoY & Disbursements grew by 22% YoY
- Credit cost moderated to 1.6% in Q2FY27 by ~62 bps YoY
Q2 and H1 FY27 Standalone Results:
| Results (₹ Crores) | Q2 FY27 | Q2 FY26 | YoY % | H1 FY27 | H1 FY26 | YoY % |
| Disbursements | 16,499 | 13,514 | 22% | 32,063 | 26,323 | 22% |
| Business AUM | 1,46,512 | 1,27,246 | 15% | 1,46,512 | 1,27,246 | 15% |
| Total Income | 5,175 | 4,489 | 15% | 10,149 | 8,927 | 14% |
| Net Interest Margins (NIM)¹ | 2,834 | 2,423 | 17% | 5,600 | 4,708 | 19% |
| NIM Margin % | 7.0% | 7.0% | 7.1% | 6.8% | ||
| Pre-Provisioning Operating Profit (PPOP) | 1,791 | 1,499 | 20% | 3,547 | 2,852 | 24% |
| Credit Costs | 630 | 751 | (16%) | 1,199 | 1,411 | (15%) |
| Credit Costs % | 1.6% | 2.2% | 1.5% | 2.0% | ||
| Profit After Tax (PAT) | 882 | 569 | 55% | 1,780 | 1,099 | 62% |
| ROA % | 2.2% | 1.6% | 2.3% | 1.6% |
All % are calculated as a % of Avg Total Assets; ¹ Including Dividend and Other Income
Capital Adequacy healthy at 18.0%, Tier-1 Capital at 16.2%. Prudent Provision Coverage on GS3 at 56.6%. Total liquidity buffer comfortable over ₹ 16,150 crores
Q2 FY27 Consolidated Performance Highlights
Total Assets increased by 21% YoY to ₹ 1,80,292 crore. Total Income increased by 18% at ₹ 5,962 crore for Q2FY27, as against ₹ 5,049 crore for Q2FY26. The PAT increased by 61% at ₹ 911 crore for Q2FY27, as against ₹ 566 crore for Q2FY26
OVERALL BUSINESS:
Mahindra Finance recorded quarterly disbursements of ₹ 16,499 crore, registering 22% YoY growth. The company’s business assets grew 15% YoY, reaching ₹1,46,512 crore. Asset quality improved, with Stage 3 assets at 3.4% (vs 3.9% in Q2FY26) and Stage 2 assets at 4.7% (vs 5.8% in Q2FY26), indicating stability of the portfolio. Collection efficiency at 97% (vs 96% in Q2FY26).
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