Q2 FY27 profit rises 55%; 16-18% asset growth outlook maintained
M&MFIN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.8 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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Q2 FY27 disbursements rose 22% and lending assets reached INR 1.56 lakh crore. Profit after tax increased 55% to INR 882 crore; first-half profit rose 68%. Stage 2 plus Stage 3 loans fell to 8.1%, credit cost was 1.6%, and cost-to-income slipped below 37%. Management kept 16-18% medium-term asset growth and 1.3-1.7% credit cost guidance, but expects funding costs to rise amid rate, insurance and drought risks.
Positive: strong profit growth, better asset quality and lower costs may support the stock, but rising funding costs and rural stress remain risks.