Mumbai, January 3, 2026: Mahindra & Mahindra Financial Services Limited informed stock exchanges that it expects overall disbursements of approximately ₹17,600 crore in the third quarter of FY26, reflecting a year-on-year growth of 7 percent, supported by steady demand across its core lending segments.
For the nine-month period ended December 2025, disbursements are estimated at around ₹43,900 crore, marking a 4 percent year-on-year increase, excluding finance lease portfolios.
Disbursement and Asset Growth Snapshot
| Particulars | Q3 FY26 | YoY Change |
|---|---|---|
| Overall Disbursements | ₹17,600 crore | +7 percent |
| 9M FY26 Disbursements | ₹43,900 crore | +4 percent |
Collection Efficiency and Asset Quality
Mahindra Finance reported that collection efficiency for Q3 FY26 is estimated at 95 percent, unchanged from the same quarter last year, reflecting stable repayment behaviour across customer segments.Asset quality indicators also remained largely stable. As of December 31, 2025, Stage 3 assets are estimated in the range of 3.9 percent to 4.0 percent, broadly in line with both the previous quarter and the year-ago period. Stage 2 assets improved sequentially and on a year-on-year basis, estimated between 5.4 percent and 5.5 percent, compared with 5.8 percent at the end of September 2025 and 6.3 percent a year earlier.
Liquidity Position Remains Comfortable
The company highlighted that it continues to maintain a strong liquidity buffer, with a liquidity chest of over ₹8,850 crore on its balance sheet as of the end of December 2025. The healthy liquidity position is expected to support ongoing business growth and balance sheet resilience.About the Company
Mahindra & Mahindra Financial Services Limited is a leading non-banking financial company in India, primarily focused on providing financing solutions in rural and semi-urban markets. The company is listed on both BSE and NSE and offers a wide range of products including vehicle finance, SME lending, and insurance distribution services.Source:
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.