M&MFIN Q2 FY27 PAT Surges 55% YoY to ₹882 Cr on Strong Disbursement Growth
Mahindra Finance reported a 55% YoY increase in standalone PAT to ₹882 crore for Q2 FY27, driven by a 22% YoY rise in disbursements to ₹16,499 crore. Consolidated PAT grew 61% to ₹911 crore. Credit costs were contained at 1.6%. The company aims for FY31 ambitions.
The substantial increase in profits, robust growth in key financial metrics like disbursements and AUM, and positive commentary from the MD & CEO indicate a significant positive impact on the company's financial standing and investor confidence.
The company reported significant year-on-year growth in profits and disbursements, along with improved asset quality and contained credit costs, indicating strong financial performance.
Mahindra & Mahindra Financial Services Limited (Mahindra Finance) announced its unaudited standalone and consolidated financial results for the second quarter and half year ended September 30, 2026. The Board of Directors meeting concluded at 17:35 IST.
For the second quarter of FY27, the company reported a standalone Profit After Tax (PAT) of ₹882 crore, marking a significant 55% year-on-year increase. This growth was driven by a 22% YoY increase in disbursements, reaching ₹16,499 crore, and a 15% YoY growth in Business Assets Under Management (AUM) to ₹1,46,512 crore. Credit costs moderated to 1.6% in Q2FY27, down by approximately 62 basis points YoY. Return on Assets (ROA) expanded by about 53 basis points to 2.2% YoY. The company maintained a healthy Capital Adequacy Ratio of 18.0% with Tier-1 Capital at 16.2%, and a prudent Provision Coverage on GS3 at 56.6%. The total liquidity buffer remained comfortable at over ₹16,150 crore.
On a consolidated basis, total assets increased by 21% YoY to ₹1,80,292 crore. Total Income for Q2FY27 rose by 18% to ₹5,962 crore, compared to ₹5,049 crore in Q2FY26. Consolidated PAT surged by 61% to ₹911 crore for Q2FY27, against ₹566 crore in Q2FY26.
Raul Rebello, MD & CEO, Mahindra Finance, expressed confidence in the company's performance, stating, "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."
The vehicle business maintained leadership in tractor financing and a strong position in financing passenger and light commercial vehicles. Non-vehicle finance disbursements grew by 52% YoY, indicating successful diversification efforts.
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