M&MFin Q4 FY26 Concall: PAT up 19%, Asset Quality at 8-Year Low

Mgmt Guided Margin ImprovementInvestor Communications View source PDF

M&MFIN · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-5.8%1-day move

₹321.60

prior close

₹311.30

base price

In-mkt

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AI summary

M&MFin reported Q4 FY26 PAT of INR 873cr (+55% YoY); FY26 PAT up 19% to INR 2,782cr. RoA at 2% (Q4: 2.4%), NIM expanded 60 bps for the year. Asset quality at 8-year low with GS2+GS3 at 8.18%, GS3 at 3.4%. Created INR 217cr macro overlay provision citing geopolitical and monsoon risks. Tractor disbursements grew 63%, AUM up 12%. Management targets 15% ROE via leverage to 6:1 and RoA expansion.

Likely market impact

Strong delivery with margin expansion, record-low asset quality, and prudent buffer. Management targets 15% ROE — positive outlook.