M&MFIN Mahindra & Mahindra Financial Services Q3 FY26 results (Oct–Dec 2025) and concall
Mahindra & Mahindra Financial Services reported a strong Q3 FY26, marked by significant profitability improvements with ROA reaching 2.5% and PAT growing 59% sequentially. Asset quality remained stable with GS3 below 4%, and NIM expanded to 7.5% in Q3. Disbursements hit a record high, driven by tractor finance. The company is focused on strategic growth, diversification into mortgages and MSME, and evaluating a merger of its housing finance subsidiary to achieve scale, while acknowledging some demand moderation and competitive pressures.
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What they filed
Q3 FY26: revenue up 13.6%, net profit down 10.0% against the same quarter last year.
| Line item | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 |
|---|---|---|---|---|---|
| Revenue | 4,797 | 4,886 | 4,991 | 5,026 | 5,450 +14% |
| Net profit | 918 | 456 | 529 | 566 | 826 −10% |
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.
