Mahindra Finance Q1 Results: Profit jumps 75% to Rs 927 crore on higher interest margin, lower provisions

Mahindra Finance reported a strong Q1 with consolidated net profit surging 75 percent YoY to Rs 927 crore, driven by NIM expansion to 7.3 percent from 6.7 percent and lower provisions at Rs 570 crore versus Rs 660 crore YoY. Standalone net profit rose 70 percent to Rs 899 crore, while overall disbursements grew 22 percent. Management guided to some NIM compression going forward but remains confident of maintaining NIMs above 7 percent and kicked off a five-year plan targeting Rs 3 lakh crore in assets by FY31.