Mahindra Finance PAT is Up by 55% for the Quarter at Rs. 873 Crore

The Board of Directors of Mahindra & Mahindra Financial Services Limited(Mahindra Finance), a leading provider of financial services for Bharat at its meeting held today,announced the audited financial results for the quarter and year ended March 31, 2026. The Boardhas proposed a final dividend of Rs.7.50 per fully paid equity share (375% of face value of Rs 2/- each)Vs Rs 6.50 per share in the last fiscal year.

Speaking on the results, Raul Rebello, MD & CEO, Mahindra Finance said: "This year's progress across growth, margins and risk was driven by disciplined execution and resultedin a tangible step-up in profitability. Continued investments in our core vehicle franchise, new growthcategories, and technology will support sustainable growth and profitability".

Quarterly Performance:

Mahindra Finance PAT up 55% YOY for the quarter, post Q4 management overlay. The Company'sAUM grew by 12% YoY and disbursements grew by 11% YoY. NIM expanded by ~101 bps YoY at 7.5%and credit cost stood at 1.5% for Q4F26 (including overlay) vs 1.4% Q4F25.

Yearly Performance:

For the full year PAT is up by 19% YoY, post labour code and management overlays. Annualdisbursements grew 6% YoY. NIMs expanded during the year supported by higher Fee Income andlower Cost of Funds. Asset quality continued to be within guided range, with GS3 at 3.4% and GS2+GS3at 8.2%, underpinned by enhanced sourcing standards & collection efficiency. The credit cost at 1.7%(including overlays), underscores prudent risk management practices.

Q4 and Full Year FY26 Standalone Results:

Results (₹ Crores)	Q4 FY26	Q4 FY25	YoY %		FY26	FY25	YoY %
Disbursements	17,184	15,530	11%		61,118	57,900	6%
Business AUM	1,34,096	1,19,673	12%		1,34,096	1,19,673	12%
Total Income	4,810	4,245	13%		18,500	16,075	15%
Net Interest Margins (NIM)	2,739	2,156	27%		10,108	8,176	24%
NIM Margin %	7.5%	6.5%			7.1%	6.5%
Pre-Provisioning Operating Profit (PPOP)	1,722	1,213	42%		6,231	4,765	31%
Credit Costs	560	457	23%		2,441	1,618	51%
Credit Costs %	1.5%	1.4%			1.7%	1.3%
Profit After Tax	873	563	55%		2,782	2,345	19%
ROA %	2.4%	1.7%			2.0%	1.9%

Capital Adequacy healthy at 18.8%, Tier-1 Capital at 16.7%. Prudent Provision Coverage on GS3 at 59%through creation of management overlay. Total liquidity buffer comfortable over ~ ₹ 9,100 crores.