Mahindra & Mahindra Financial Services Ltd

Quick check

The five things to look at first. Open one for more.

• DebtHighest safetyRated AAA by 2 agencies.
• ResultsGrowingIn the Sep 2026 quarter, sales rose 18% and profit rose 61% from a year earlier.
• DilutionNo new sharesNo new shares issued in the last year, so existing shareholders' slices were not cut.
• PromotersSteadyThe promoters (founders or parent) own 52% of the company, about the same as in Sep 2025.
• ValuationCheap vs its pastThe share trades at 9.9 times its yearly earnings (P/E), cheaper than 95% of the time in the last 5 years. Its usual P/E is about 20.

Mahindra & Mahindra Financial Services Ltd against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

• Valuation (P/E)9.9 against a typical 22.5: cheaper than most peers (1st = cheapest).68th of 284
• Sales growth+18.1% against a typical +18.3% from a year earlier.131st of 259
• Profit growth+61% against a typical +20.2% from a year earlier.68th of 214
• Share price, 3 months−33.2% against a typical −4.2%.246th of 258

Exchange filings and their impact on the company.

• 27 Oct 2026Analysts/Institutional Investor Meet/Con. Call UpdatesMedium impactPositivePrice +0.9% on 28 Oct
  Q2 shows 22% disbursement and 55% profit growth with best-ever asset quality, keeping 16-18% growth path intact.

  Mahindra Finance reported a strong Q2 with disbursements up 22%, AUM up 15% to Rs 1,56,000 cr and profit up 55% to Rs 882 cr, with stressed assets at an all-time low of 8.1% and credit cost at 1.6%. Management kept its medium-term targets of 16-18% loan growth, 1.3-1.7% credit cost and 2.2-2.5% return on assets. Near-term watchpoints are rising funding costs, higher liquidity buffers, a possible cut in insurance fee income and drought impact in 282 districts.

  Full analysisFiling
• 21 Oct 2026Outcome of Board MeetingHigh impactVery positivePrice −3.3% on 22 Oct
  Q2 FY27 profit jumped ~61% YoY on 18% revenue growth and sharply lower credit costs.

  Mahindra & Mahindra Financial Services reported strong Q2 FY27 results with consolidated revenue of Rs 5,935.66 crore, up 18% from last year, and net profit of Rs 910.73 crore, up about 61%. Impairment costs fell to Rs 628.5 crore and gross bad loans improved to 3.42% from 3.84% a year ago. The strong growth in loans and lower credit costs point to higher earnings and book value over the next year, though borrowings will also rise to fund growth.

  Full analysisFiling

Results dates and other board meetings. Full calendar

Compounded yearly rates over each period.

Listed companies in the same business.

Raul Rebello

Chief Executive Officer, Managing Director, Executive Director

Pradeep Kumar Agrawal

Chief Financial Officer

Brijbala Mohanlal Batwal

Company Secretary