Mahindra & Mahindra Financial Services Ltd. (MMFSL) reported a 1% year-on-year decline in overall loan disbursement, reaching an estimated ₹13,160 crore for the quarter ending in September. However, for the first half of the financial year 2025, the company registered disbursements totaling ₹25,900 crore, marking a 2% growth YoY. The non-banking financial company’s (NBFC) assets reached ₹1,12,600 crore, showing approximately 20% growth over September 2023.
The company’s collection efficiency was stable at 96% during the second quarter. The Stage-3 assets, which represent non-performing assets, stood at 3.8% as of September 30, while Stage-2 assets were estimated at around 6.4%. The NBFC maintains a strong liquidity position with a balance sheet surplus of over ₹8,500 crore.
In September, MMFSL’s board approved a strategic expansion into the mortgage business. This venture will include offering housing finance, top-up loans, lease rental discounting, home improvement and expansion loans, balance transfer loans, and construction finance. The company expects to invest ₹20-30 crore over the next year, which will also cover IT-related expenditures.
Additionally, the company appointed Jaspreet Singh Chadha as the Chief Business Officer—Mortgages. Chadha brings over 22 years of experience, having worked across prominent financial institutions such as Citi Bank, ICICI Bank Ltd., and Aditya Birla Management Corporation.
During trading on the NSE, MMFSL shares fell as much as 2.88% to ₹320.60 per share but later closed at ₹322.25, down by 2.38%. This performance contrasted with the 2.12% decline observed in the benchmark Nifty 50 index.
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