Mahindra Finance reports 3% profit growth in Q1

Mahindra & Mahindra Financial Services Limited reported 3% profit growth to INR 530 crores in Q1 FY2026, including an INR 46 crores dividend from MIBL.

The loan book grew 15% with income up 18%, though disbursement growth was just 1%. Tractor lending showed strong 21% disbursement growth while other segments remained subdued due to market conditions.

Asset quality stayed stable with GS2 plus GS3 at 9.7%, unchanged from last year. Tier 1 capital stands at 17.9%.

The company completed migration to a new cloud-based loan management system and increased investment in data analytics for AI applications.