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HomeMarket NewsM&M Financial Q4 update: Disbursements rise 11%; asset quality improves
Mahindra Finance reported 11% growth in Q4 disbursements, while asset quality improved with lower stress levels and stable collections, even as full-year disbursement growth remained moderate.
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Mahindra & Mahindra Financial Services reported an estimated 11% year-on-year rise in disbursements for the March quarter at ₹17,180 crore, while full-year disbursements for FY26 grew 6% to around ₹61,100 crore, excluding finance leases.
Business assets stood at approximately ₹1.33 lakh crore as of March 31, 2026, marking a 12% increase over the year-ago period. Collection efficiency remained steady at 98% for Q4 FY26, compared with 97% in the same quarter last year, while full-year collection efficiency improved to 96% from 95% in FY25.
Asset quality indicators showed improvement during the quarter. Stage-3 assets are estimated in the range of 3.4% to 3.5%, lower than 3.8% as of December 2025 and 3.7% a year earlier. Stage-2 assets also moderated to 4.8–4.9%, compared with 5.4% in both the previous quarter and the year-ago period.
The company maintained a comfortable liquidity position, with a liquidity buffer of over ₹9,000 crore on its balance sheet.
Also Read: M&M Financial Q3 Results: Profit beats estimates, asset quality improves
The update builds on trends seen in the December quarter, when disbursements had risen around 7% year-on-year and asset quality metrics remained largely stable, with early delinquencies showing signs of easing.
Shares of the company recovered from the day’s low of ₹276.05 to close at ₹285, down 1.62% on the NSE.
