Mahindra & Mahindra Financial Services Limited posted steady growth in both revenue and profit for the quarter ended June 30, 2025 (Q1 FY26), aided by higher interest income, increased fees, and improved operating efficiency.
The company’s total revenue from operations rose 15.6% YoY to ₹4,990.61 crore, compared to ₹4,315.52 crore in Q1 FY25. Including other income of ₹22.83 crore, total income stood at ₹5,013.44 crore, up from ₹4,354.93 crore a year ago.
Net profit for the quarter came in at ₹528.96 crore, up 6.4% YoY from ₹497.01 crore in the same period last year. Profit before tax increased to ₹703.58 crore from ₹661.47 crore in Q1 FY25.
Key financial metrics (₹ crore) — Q1 FY26 vs Q1 FY25
| Metric | Q1 FY26 | Q1 FY25 | YoY Change |
|---|---|---|---|
| Revenue from Operations | ₹4,990.61 | ₹4,315.52 | ↑ 15.6% |
| Total Income | ₹5,013.44 | ₹4,354.93 | ↑ 15.1% |
| Total Expenses | ₹4,330.01 | ₹3,712.53 | ↑ 16.6% |
| Profit Before Tax | ₹703.58 | ₹661.47 | ↑ 6.4% |
| Net Profit | ₹528.96 | ₹497.01 | ↑ 6.4% |
The growth was driven by a rise in interest income to ₹4,468.30 crore, up from ₹3,923.06 crore in Q1 FY25. Fees and commission income also doubled YoY to ₹165.86 crore.
However, expenses rose 16.6% to ₹4,330.01 crore, largely due to higher impairment on financial instruments, which stood at ₹695.11 crore against ₹554.55 crore last year.
At the time of this report, the stock of Mahindra Finance was trading lower, as investors booked profits after the results.
