Mahindra & Mahindra Financial Services Ltd., a non-bank lender, reported a 9% fall in standalone net profit to Rs 563 crore for the quarter ended March of fiscal 2025 compared to Rs 619 crore profit recorded in the same period last year.
For fiscal 2025, the company’s post-tax profit surged 33% to Rs 2,345 crore, compared to Rs 1,760 crore in fiscal 2024.
Its core net interest income grew to Rs 2,156 crore, denoting a 9% rise driven by a 17% surge in the loan book. The company’s interest margin narrowed to 6.5% from 7.1% last year.
Disbursements rose 2% during the quarter, while provisions or credit costs increased 34% to Rs 457 crore, up from Rs 341 crore last year, impacting the bottom line.
On the asset quality front, the GS2+GS3 ratio stood at 9.1%, with stage 3 at 3.7%. The company’s capital adequacy ratio remained strong at 18.3%, and it maintained a liquidity buffer of Rs 10,400 crore.
(With PTI Inputs)
