Mahindra Finance Q1 FY26 update: Disbursement growth and asset expansion

Mahindra & Mahindra Financial Services (BSE:M&MFIN) announced key updates for Q1 FY26, highlighting an estimated overall disbursement of approximately INR 12,800 crore, reflecting a year-over-year growth of around 1% excluding finance leases. Business assets saw substantial expansion, reaching approximately INR 1,21,800 crore, marking a growth of roughly 15% compared to June 2024. The Collection Efficiency ("CE") for Q1 FY26 is estimated at 95%, up from 94% in Q1 FY25. As of June 30, 2025, Stage-3 assets are projected to be in the range of 3.8% to 3.9%, compared to 3.7% as of March 31, 2025, and 3.6% as of June 30, 2024. Stage-2 assets are estimated between 5.8% to 5.9%, versus 5.4% on March 31, 2025, and 6.1% as of June 30, 2024. The company emphasized its strong liquidity position, maintaining a liquidity chest of over INR 9,600 crore.