Mahindra & Mahindra Financial Services Limited has informed the Exchange about Outcome of Board Meeting - Final Dividend
M&MFIN · price
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On the reaction day the stock moved 6.0 pts more than Nifty Midcap 150 and 6.9 pts more than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Mahindra & Mahindra Financial Services Limited Board meeting held on 24th April 2026 approved the audited standalone and consolidated financial results for Q4 and FY ended March 2026. The Board recommended a final dividend of Rs. 7.50 per equity share (375% on face value of Rs. 2 each) for FY2026, subject to shareholder approval at the AGM on 21st July 2026. Record date for dividend eligibility is 13th July 2026. For FY2026, total income grew to Rs. 18,500.28 crore (up 15% from Rs. 16,074.69 crore), while profit after tax increased to Rs. 2,782.23 crore (up 18.6% from Rs. 2,345.04 crore). EPS improved to Rs. 20.35 from Rs. 18.43. The company also completed a Rs. 2,996 crore rights issue in June 2025 and received in-principle approval for evaluating merger of its 98.43% owned subsidiary Mahindra Rural Housing Finance Limited.
The strong 18.6% rise in net profit and consistent dividend payout signals healthy financial performance, which is positive for shareholders. The stock remains attractive for income-focused investors given the dividend yield.