Mahindra Finance reports strong Q2 FY26 growth, robust financial position

Mahindra & Mahindra Financial Services estimates its overall disbursement for Q2 FY26 at approximately Rs. 13,500 crore, marking a 3% YoY growth. For H1 FY26, disbursements reached approximately Rs. 26,300 crore, reflecting a 2% YoY increase (excluding finance lease). Business assets grew by approximately 13% over September 2024, reaching Rs. 1,26,800 crore.

The company maintained a collection efficiency of 96% for Q2 FY26, consistent with Q2 FY25. Stage-3 assets are estimated in the range of 3.9% to 4.0% as of September 30, 2025, while Stage-2 assets are estimated between 5.75% and 5.85%.

Mahindra & Mahindra Financial Services continues to maintain a robust financial position, reporting a comfortable liquidity chest exceeding Rs. 8,500 crore on its balance sheet.