Q1 FY27 earnings call transcript filed
M&MFIN · price
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Awaiting price reaction for this filing.
M&M Financial Services filed Q1 FY27 earnings call transcript. Wheels business grew 20% YoY, non-wheels (SME, mortgage, PL) up 79%. AUM grew 13%. Asset quality at 8-year low with GS3 at 3.45%. Credit cost 1.5%, ROA 2.4%, ROE near 15%. Standalone PAT up 70% YoY, consolidated PAT up 75% at INR 927 cr. Mgmt targets 16-18% AUM CAGR through FY31, NIM around 7-7.1%, credit cost band 1.3-1.7%. Carrying extra INR 5,500 cr liquidity buffer.
Strong Q1 with 70% PAT growth, improving asset quality, and clear multi-year targets. Watch monsoon risk and short-term drag from extra liquidity buffer.