M&MFIN

What Mahindra & Mahindra Financial Services promised, and what happened

Every commitment management made on a call, tracked from the quarter it was made — reaffirmed, revised, diluted or quietly dropped.

Guidance record · Q1 FY27

what the last two calls moved 19 tracked 5 delivered 0 missed 14 open
  • SME Business Growth delivered said Q4 FY26 Promised: continue to grow in the 30%-40% kind of range Q1 FY27: SME business grew at 30% YoY, which is at the lower end of the guided range.
  • GS2+GS3 delivered said Q1 FY26 Promised: To be within the 10% range Q1 FY27: Target was for FY26 and was achieved. Not mentioned this quarter.
  • Overall AUM/Disbursement Growth on track said Q1 FY26 Promised: Target a mid-teen growth Q1 FY27: AUM grew 13% YoY. While slightly below 'mid-teen' (15%), it's an acceleration from FY26's 12% and the company reaffirmed its long-term CAGR target.

The rest of the ledger

Above is what the last two calls moved. Pro opens all 19 tracked commitments for Mahindra & Mahindra Financial Services — every quarter's revision, the source quote behind each one, and the topics management has stopped answering.

See what Pro opens