Inve India ▾

Mahindra & Mahindra Financial Services share price & results

Mahindra & Mahindra Financial Services Limited· Financial Services

Results to
Sept 2026
Latest analysed call
Q1 FY27
Ownership as of
Sept 2026

Mahindra Group NBFC financing vehicles, tractors and SME loans across rural and semi-urban India.

Company research is public. Sign in to keep your own companies, notes and cases.

Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue5,936 ₹ crore+18.1% YoYQuarterly, as filedQuarter to Sept 2026Revenue from operations as filed.
Operating marginUnavailable—Operating profit / revenueQuarter to Sept 2026Not in the filed figures for the quarter to sept 2026. No older figure is substituted.
Net profit911 ₹ crore+61.0% YoYQuarterly, as filedQuarter to Sept 2026Profit after tax as filed.
Return on equity13.45 %+1.4 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow marginUnavailable—Fiscal yearFY ending Mar 2026Not in the analysed materials. No older figure is substituted.
Revenue growth (YoY)14.94 %−2.4 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Sept 2026

Guidance

What management said, and what became of it

5 of 5 judged targets kept · 14 open · verdicts reflect calls analysed to Q1 FY27.

Mahindra & Mahindra Financial Services Limited management guidance track record on Inve: 19 targets tracked across analysed earnings calls (5 achieved, 0 missed, 14 open).

TargetOriginal wordingSaidLatest callVerdict
SME Business Growthcontinue to grow in the 30%-40% kind of range
Call transcript, Q4 FY26 · 24 Apr 2026		Q4 FY26Q1 FY27:SME business grew at 30% YoY, which is at the lower end of the guided range.
Call transcript, Q1 FY27 · 21 Jul 2026		Achieved
GS2+GS3To be within the 10% range
Call transcript, Q1 FY26 · 22 Jul 2025		Q1 FY26Q1 FY27:Target was for FY26 and was achieved. Not mentioned this quarter.
Call transcript, Q1 FY27 · 21 Jul 2026		Achieved
Overall AUM/Disbursement GrowthTarget a mid-teen growth
Call transcript, Q1 FY26 · 22 Jul 2025		Q1 FY26Q1 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.
Call transcript, Q1 FY27 · 21 Jul 2026		On Track

Source: Inve Guidance Tracker for Mahindra & Mahindra Financial Services Limited · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

14 of Mahindra & Mahindra Financial Services Limited's 19 targets are still open. See which are on track and which have gone quiet. The 3 above are the free sample; 16 more targets are in the full ledger.

Free account: 5 full ledgers a month and one Inve Case. Pro opens 100 a month, ₹499.
See the full record

Price

₹279.25 +0.85% · +₹2.35

Last close 26 Oct 2026 · NSE · INR · Source: Inve

Performance −6.3% 1Y

₹300₹350₹400Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 28 Oct 2025Q3 FY26 — 28 Jan 2026Q4 FY26 — 24 Apr 2026Q1 FY27 — 21 Jul 2026

1Y: ₹298.15 on 24 Oct 2025 → ₹279.25. High ₹412.3 (10 Aug 2026), low ₹275.7 (11 Jun 2026).

Previous close
₹276.9
Market cap
₹36.3k Cr
52-week range
₹275.7 – ₹412.3
One year
−6.64%
Price to earnings (TTM to Sept 2026)
9.81×
Return on equity (TTM to Sept 2026)
13.45%

Overview

Symbol
NSE:M&MFIN
Exchange
NSE
Currency
INR

What Mahindra & Mahindra Financial Services Limited does

Based on the company's own presentations, annual report and earnings calls.

Mahindra & Mahindra Financial Services Limited is a Reserve Bank of India-registered non-banking financial company (NBFC) that provides retail asset financing across rural and semi-urban India, primarily for vehicles and farm equipment. Its core business is originating and servicing loans for passenger vehicles, pre-owned vehicles, commercial vehicles and construction equipment, tractors, three-wheelers, SME borrowers, and farm implements, sourced through the Mahindra Group dealer network as well as its own regional offices organised into seven circles spanning most Indian states. Beyond core vehicle and equipment financing, the company operates through subsidiaries and associates in rural housing finance, insurance broking, overseas lending in Sri Lanka, and asset management, and has built a digital lending stack (Udaan) and AI-based tools for underwriting and collections.

Segments

  • Passenger Vehicles (PV)
  • Pre-Owned Vehicles
  • Commercial Vehicles & Construction Equipment (CV & CE)
  • Tractors
  • 3-Wheelers
  • SME
  • Others
Geographic organisation
7 regional circles (Delhi, Jaipur, Lucknow, Thane, Chennai, Hyderabad, Kolkata) covering most Indian states and union territories
Financing product lines
7 - Passenger Vehicles, Pre-Owned Vehicles, Commercial Vehicles & Construction Equipment, Tractors, 3-Wheelers, SME loans, and Farm Implements/Gensets/Personal Loans
Subsidiaries & associates
4 - Mahindra Rural Housing Finance (mortgages), Mahindra Insurance Brokers (insurance broking), Mahindra Ideal Finance Sri Lanka (overseas lending), Mahindra Manulife Investment Management (asset management JV)
Digital lending platform
Udaan digital stack used for loan originations and disbursements
AI-powered operations tools
'SamurAI' AI agent for faster post-sanction turnaround, plus multilingual AI bots used in early-bucket collections
Regulatory status
Registered as a Non-Banking Financial Company (NBFC) with the Reserve Bank of India
Founded 1991Headquarters Mumbai, Maharashtra, IndiaEmployees 22,637 (2026-03-31) Company website

How the price took the results

close before → close after

Q1 FY27
+8.5%
21 Jul
Q4 FY26
−0.9%
24 Apr
Q3 FY26
+1.7%
28 Jan
Q2 FY26
+0.3%
28 Oct

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Your own record

Start an Inve Case for Mahindra & Mahindra Financial Services Limited

Free account: one company. Everything above stays public.

Write why you follow Mahindra & Mahindra Financial Services Limited and the condition you want checked. Inve compares your numeric conditions with available results and management guidance; your own conditions remain yours to review.

What an account adds

Keep reading

Other Financial Services companies

All Financial Services companies → · Financial Services earnings growth →

Learn to analyse Mahindra & Mahindra Financial Services Limited

Guides on how to read this kind of business and the numbers that matter.