Mahindra & Mahindra Financial Services Limited has informed the Exchange regarding submission of Audited Financial Statements for the financial year ended 31st March 2025.
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Mahindra & Mahindra Financial Services Limited, an NBFC, has submitted its audited standalone and consolidated financial statements for the financial year ended 31st March 2025. The joint statutory auditors (M.M. Nissim & Co LLP and M.P. Chitale & Co) issued an unmodified (clean) opinion on the financial statements. The company's total assets grew to Rs 1,35,548 crores from Rs 1,15,159 crores in FY24, with the loan book expanding to Rs 1,16,214 crores (from Rs 99,195 crores). Gross loan assets stood at Rs 1,19,673 crores with an impairment loss provision of Rs 3,459 crores. The auditor confirmed there is no material uncertainty about the company's ability to continue as a going concern and that internal financial controls are adequate. The previous year's FY24 figures were audited by predecessor auditors, indicating an auditor change for the current year.
This is a routine regulatory filing. The clean audit opinion, strong loan book growth, and absence of any loan defaults are positive for shareholders. Investors should note the change in statutory auditors between FY24 and FY25, which is worth monitoring, though the company stated no resignation occurred during the year itself.