M&MFIN Q2 FY27: Disbursements up 22% to ₹16,490 Cr, Assets ₹1.46 Lakh Cr
M&MFIN estimates Q2 FY27 disbursements at ₹16,490 crore, a 22% YoY growth. H1 FY27 disbursements reached ₹32,050 crore, up 22% YoY. Business assets grew 15% to ₹1.46 lakh crore. Collection efficiency improved to 97% in Q2 FY27. Stage-3 assets are within 3.35%-3.45%, and Stage-2 assets are 4.7%-4.8%.
The positive financial updates regarding disbursements, asset growth, and asset quality are material for investors and stakeholders, impacting the company's valuation and outlook.
The announcement shows positive growth in disbursements and business assets, along with an improvement in collection efficiency and a reduction in Stage-3 and Stage-2 assets, indicating a healthy financial performance.
Mahindra & Mahindra Financial Services Limited (M&MFIN) has provided updates for the second quarter of the financial year 2027 (Q2 FY27).
In Q2 FY27, the company estimates its overall disbursement to be approximately ₹16,490 crore, reflecting a year-on-year growth of about 22%. For the first half of FY27 (H1 FY27), disbursements are estimated at approximately ₹32,050 crore, also showing a growth of around 22% year-on-year, excluding finance lease.
Business assets grew by approximately 15% over September 2025, reaching around ₹1,46,300 crore as of September 30, 2026. The Collection Efficiency (CE) for Q2 FY27 is estimated at 97%, an improvement from 96% in Q2 FY26.
Asset quality metrics show improvement. Stage-3 assets are estimated to be in the range of 3.35% to 3.45% as of September 30, 2026, compared to 3.45% as of June 30, 2026, and 3.94% as of September 30, 2025. Stage-2 assets are estimated between 4.7% and 4.8%, down from 4.9% as of June 30, 2026, and 5.8% as of September 30, 2025.
The company maintained a strong liquidity position, with a liquidity chest exceeding ₹16,200 crore as at September 30, 2026.
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