Mahindra & Mahindra Financial Services Limited has submitted to the Exchange - Outcome of Board meeting - Unaudited standalone and consolidated financial results for the first quarter ended Jun 30, 2025.
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Mahindra & Mahindra Financial Services (NBFC) reported its Q1 FY26 results (quarter ended June 30, 2025), approved by the Board on July 22, 2025. Standalone total income grew about 18% year-on-year to Rs 4,437.75 crore, driven by interest income of Rs 4,164.59 crore. Standalone profit after tax rose modestly to Rs 529.50 crore from Rs 512.96 crore (up ~3.2%), while consolidated PAT grew to Rs 528.96 crore from Rs 497.01 crore (up ~6.4%). Standalone EPS stood at Rs 4.07 (restated for rights issue bonus element). The company recently completed a Rs 2,996.16 crore rights issue (15.44 crore shares at Rs 194), allotting shares on June 9, 2025, which lifted net worth to Rs 23,346 crore, improved debt-equity ratio to 4.75x, and raised Capital Adequacy Ratio to 20.62%. Joint statutory auditors M M Nissim & Co. LLP and M. P. Chitale & Co. issued an unmodified (clean) limited review report; notably, the predecessor auditors for the prior-year quarter were Deloitte Haskins & Sells and Mukund M. Chitale & Co.
Steady quarterly performance with revenue growth, modest PAT expansion, and a stronger balance sheet post the Rs 2,996 crore rights issue that supports future lending growth. Asset quality was broadly stable (Gross Stage 3 at 3.85%). Change in one of the joint statutory auditors is a notable governance point for investor monitoring.