Key Financial Performance - Standalone (Q1 FY27 vs Q1 FY26)

Profitability Metrics:

  • Profit After Tax (PAT): ₹899 crore, up 70% YoY (from ₹530 crore)
  • Return on Assets (RoA): 2.4% (vs 1.6% in Q1 FY26)
  • Pre-Provisioning Operating Profit (PPOP): ₹1,756 crore, up 30% YoY (from ₹1,353 crore)
  • Net Interest Margins (NIM): ₹2,766 crore, up 21% YoY (from ₹2,285 crore)
  • NIM Margin %: 7.3% (vs 6.7% in Q1 FY26)
  • Total Income: ₹4,974 crore, up 12% YoY (from ₹4,438 crore)

Business Volume Metrics:

  • Disbursements: ₹15,564 crore, up 22% YoY (from ₹12,808 crore) - highest-ever for first quarter
  • Business Assets Under Management (AUM): ₹1,37,449 crore, up 13% YoY (from ₹1,22,008 crore)

Asset Quality & Credit Costs:

  • Credit Costs: ₹570 crore, down 14% YoY (from ₹660 crore)
  • Credit Costs %: 1.5% (vs 1.9% in Q1 FY26)
  • Stage 3 Assets: 3.5% (vs 3.8% in Q1 FY26)
  • Stage 2 Assets: 4.9% (vs 5.9% in Q1 FY26)
  • Provision Coverage on GS3: 58%
  • Collection Efficiency: 95% (similar to Q1 FY26)

Capital & Liquidity:

  • Capital Adequacy: 18.5%
  • Tier-1 Capital: 16.5%
  • Total Liquidity Buffer: Over ₹14,650 crores

Consolidated Performance (Q1 FY27 vs Q1 FY26)

  • Total Income: ₹5,725 crore, up 14% YoY (from ₹5,013 crore)
  • Profit After Tax (PAT): ₹927 crore, up 75% YoY (from ₹529 crore)

Segment Performance Update

Vehicle Business:

  • Maintained leadership position in tractor financing
  • Among leading NBFCs for financing passenger vehicles (PVs), used passenger vehicles, and light commercial vehicles (LCVs)
  • Udaan transformation program fully embedded across vehicle lending, servicing, and collections

New Growth Engines:

  • Non-vehicle finance disbursements grew 79% YoY (including MRHFL)
  • Fee-based income witnessing growth across quarters
  • Digital and AI capabilities powering customer acquisitions, operational resilience, and collection efficiencies

Disbursement Breakdown by Segment

  • Tractors: 45% YoY growth
  • Passenger Vehicles (PVs): 24% YoY growth

Operational Reach

  • 1,348 offices across India
  • Coverage: 5,18,000 villages and 8,000 towns
  • Customers served: Over 1.2 crore lives transformed

Additional Information

  • Board meeting concluded at 02:30 p.m. (IST) on 21st July 2026
  • Results available on company website: https://www.mahindrafinance.com/investor-relations/regulatory-filings