M&MFIN Mahindra & Mahindra Financial Services Q2 FY26 results (Jul–Sep 2025) and concall
Mahindra Finance reported a strong Q2 FY26 with half-year PAT growing 25% to ₹1,100 crores, driven by a 13% AUM growth and NIM expansion to 7%. Asset quality improved significantly with GS2+GS3 at 9.72%, and the rural housing finance subsidiary turned profitable. While Q2 was historically challenging with some regional stress, management remains confident in achieving its annual credit cost target of 1.7% and aims for a 15% medium-term CAGR in disbursements, particularly in PV and Tractor segments.
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What they filed
| Line item | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|
| Revenue | 4,797 | 4,886 | 4,991 | 5,026 |
| Net profit | 918 | 456 | 529 | 566 |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
