M&M Financial share price plunges 10% after Q2 results 2026

M&M Financial share price plunges 10% after Q2 results 2026

SEBI RA – Shubh Consultancy – Sunil Kotak – INH000015826 Mahindra & Mahindra Financial Services (M&M Financial Services) shares tumbled nearly 10% on Thursday, 22 October, even as the non-banking financial company (NBFC) posted strong earnings growth for the September quarter of FY27, driven by higher business volumes and a decline in credit costs. The company’s consolidated net profit rose 55% year-on-year to ₹882 crore in Q2 FY27, compared with ₹569 crore in the year-ago period. Revenue from operations grew 15% to ₹5,164 crore, while net interest income (NII) increased 17% year-on-year to ₹2,822 crore. Consolidated net profit stood at ₹911 crore, up 61%, while total assets expanded 21% to ₹1.80 lakh crore. Asset quality-related costs showed improvement during the quarter, with credit costs declining to 1.6% of average total assets from 2.2% in the corresponding period last year. Net interest margin (NIM), however, remained steady at 7%, the company said in its regulatory filing. Should you buy, sell or hold? Brokerages have offered mixed views on Mahindra & Mahindra Financial Services following its Q2 FY27 results, with concerns over rising funding costs and potential pressure on margins and asset quality in the tractor-financing segment tempering the outlook. While ICICI Securities retained its ‘Buy’ rating and target price of ₹415, Nomura lowered its target to ₹400, and Nuvama Institutional Equities maintained its ‘Hold’ rating with a reduced target of ₹340. All this is for information This is not a buy/sell recommendation. SEBI RA – Shubh Consultancy – Sunil Kotak – INH000015826 Thank you, Technofunda24