M&MFIN Reports Q2 FY27 Unaudited Standalone & Consolidated Financial Results
M&MFIN reported Q2 FY27 unaudited standalone and consolidated results. Profit after tax for Q2 FY27 was ₹881.52 crore, up from ₹569.31 crore in Q2 FY26. Half-year profit after tax was ₹1,780.17 crore versus ₹1,098.81 crore. Basic EPS stood at ₹6.34 for the quarter. The company is proceeding with the merger of Mahindra Rural Housing Finance Limited, with an appointed date of April 01, 2027.
The announcement includes the financial results for the quarter and half-year, which are material information for investors. Additionally, the update on the merger of Mahindra Rural Housing Finance Limited has significant strategic implications for the company.
The company reported a significant increase in profit after tax for both the quarter and half-year ended September 30, 2026, compared to the previous year. This indicates improved financial performance.
Mahindra & Mahindra Financial Services Limited (M&MFIN) announced its unaudited standalone and consolidated financial results for the second quarter and half-year ended September 30, 2026. The Board of Directors approved these results at their meeting held on October 21, 2026. The financial statements, including the limited review report from joint statutory auditors M/s. M M Nissim & Co. LLP and M/s. M. P. Chitale & Co., will be published in newspapers and uploaded to the company's website.
The company reported a profit after tax of ₹881.52 crore for the quarter ended September 30, 2026, compared to ₹569.31 crore in the same quarter of the previous year. For the half-year ended September 30, 2026, the profit after tax stood at ₹1,780.17 crore, up from ₹1,098.81 crore in the corresponding period last year. Basic earnings per share for the quarter were ₹6.34, and for the half-year, it was ₹12.81.
As of September 30, 2026, the company's total assets amounted to ₹1,68,187.47 crore, with financial assets constituting the majority. Liabilities stood at ₹1,41,937.40 crore, and equity at ₹25,533.76 crore. The cash flow statement indicates a net cash used in operating activities of ₹10,858.11 crore for the half-year ended September 30, 2026, and a net cash generated from investing activities of ₹1,223.71 crore. Financing activities generated ₹18,547.91 crore during the same period.
Additionally, the company provided disclosures related to its impairment on financial instruments under the Expected Credit Loss (ECL) approach, noting a management overlay of ₹217.00 crore for the quarter and year ended March 31, 2026, which continues to be carried. The company confirmed no transfers or acquisitions of loans under co-lending arrangements or credit risk distribution directions. It also detailed the allotment and transfer of equity shares under its employee stock option schemes.
Further details were provided regarding the Scheme of Merger by Absorption of Mahindra Rural Housing Finance Limited (MRHFL) with M&MFIN, with an appointed date of April 01, 2027. The necessary applications for regulatory approvals are being filed. The asset cover available for listed secured debt securities as of September 30, 2026, was 1.06.
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Mahindra & Mahindra Financial Services Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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