Mahindra & Mahindra Financial Services Ltd. Share Price

Mahindra Finance falls 10% despite 55% profit jump

(M&MFIN) fell as much as 9.81% to an intraday low of ₹268.25 on the NSE on October 22, despite reporting a 55% year-on-year jump in Q2 FY27 standalone net profit to ₹882 crore. The results came out after market hours on October 21, when the stock closed at ₹297.45. Disbursements grew 22% to ₹16,499 crore, while assets under management rose 15%. Net interest income increased 17.3% to ₹2,822 crore, with net interest margin stable at 7%. Credit cost fell to 1.6% from 2.2% a year ago. Consolidated net profit rose 61% to ₹911 crore. The asset quality trend is genuinely better. CLSA noted that net slippages declined 15 basis points year-on-year, and the ratio of stage 2 and stage 3 loans fell to a multi-year low. Disbursement growth of 22% also shows healthy demand across vehicle and non-vehicle loans. The profit jump is mostly a provisioning story. Provisions and write-offs fell 16% to ₹630 crore, while pre-provision operating profit grew only 20%. So the 55% headline growth comes largely from setting aside less money for bad loans, not from faster core earnings. Nomura flagged concerns about asset quality and rising funding costs despite keeping its Buy rating. AUM growth of 15% is also well behind disbursement growth of 22%. Investors should watch credit costs over the next few quarters, cost of funds, AUM growth, and collection efficiency in the rural loan book. The key question is whether Mahindra Finance can keep growing profit once the benefit of lower provisions fades. Disclosure: I do not hold any position in Mahindra & Mahindra Financial Services Limited. This post is for informational purposes only and is not investment advice.

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Mahindra Finance hits 52-week low despite 54.8% profit jump

Mahindra Finance closed 3.16% lower at Rs 288.05 on October 22, 2026, after touching a 52-week low of Rs 268.25 post Q2 results. Mahindra and Mahindra Financial Services Limited [

] fell 3.16% to close at Rs 288.05 on October 22, 2026, its sixth straight lower close. The stock hit a fresh 52 week low of Rs 268.25, close to the Rs 265 support. The September quarter results came after market hours on October 21. Standalone profit rose 54.8% to Rs 881.52 crore from Rs 569.31 crore, and credit cost fell to 1.6% from 2.2%. The stock still fell as much as 9.8% during the day. The chart shows a double top, with peaks near Rs 412 in December 2025 and Rs 415 in August 2026. The neckline, the low between the peaks, is near Rs 269.50. The stock dipped below it today but closed above, so the breakdown is unconfirmed. The trend since August is down, and this is the eleventh consecutive negative streak on weekly basis. What next: a close below the Rs 265 to Rs 270 zone may confirm the pattern. A close above Rs 310 may ease the pressure. Conclusion: Results are strong, yet the stance is cautious below Rs 310. Disclosure & Disclaimer: I and my family members do not hold any position in the stock discussed. This content is provided solely for informational and educational purposes and should not be construed as investment advice or a recommendation to buy or sell any security. Investments in the securities market are subject to market risks. Please read all related documents carefully before investing.

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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

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M&M Financial Services: Q2 Performance and Institutional

Executive Summary Despite reporting robust financial metrics for the second quarter, shares of M&M Financial Services experienced a sharp correction of up to 9% on October 22, 2026, extending year-to-date losses to 31%. However, underlying business fundamentals remain resilient. Leading global brokerages view the recent price action as a disconnect from the company's operational strength, maintaining predominantly bullish ratings and projecting an upside potential of 35% to 40%. Q2 Operational & Financial Highlights M&M Financial delivered a fundamentally strong quarter, surpassing consensus estimates across several key parameters: Profitability: Profit After Tax (PAT) surged by up to 55% year-over-year (YoY), beating street estimates by 12% to 14%. Pre-provision operating profit (PPOP) also demonstrated a healthy 20% YoY growth, driven by elevated fee income and contained credit costs. Return on Assets (ROA) sustained at a steady 2.2%. Growth Metrics: Disbursements witnessed a robust 22% YoY acceleration. This growth was highly broad-based across all key segments: passenger vehicles (+28%), commercial vehicles (+16%), pre-owned vehicles (+15%), and tractors (+13%). This robust disbursement trajectory translated directly to a 15% expansion in Assets Under Management (AUM). Asset Quality: The portfolio demonstrated material structural improvements. Stage 2 and 3 loan ratios dropped to multi-year lows, with Gross Stage 3 (GS3) and GS2 improving to 3.42% and 4.7%, respectively. Calculated net slippages also declined by 15 basis points YoY, reflecting augmented scorecard and collection efficiencies. Brokerage Consensus & Valuations Institutional sentiment remains highly positive, with 28 out of 38 covering analysts maintaining a "Buy" rating. Citi (Buy, Target: ₹420 | ~41% Upside): Emphasizes that resilient credit costs successfully offset margin compressions. Management remains confident in navigating rural headwinds.

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Mahindra Finance profit rises 55% on lower credit costs

Research Analyst: UJVIN NEVATIA (PROPRIETOR: NEVAT INVESTMENTS) | SEBI Registration No.: INH100009628 Mahindra & Mahindra Financial Services Limited (

), popularly known as Mahindra Finance, reported standalone net profit of ₹882 crore in Q2 FY27, up 55% year-on-year. Consolidated net profit increased 61% to ₹911 crore. Revenue from operations grew 15% to ₹5,164 crore. What happened? Net interest income rose 17% to ₹2,822 crore, while pre-provisioning operating profit increased 20% to ₹1,791 crore. Provisions and write-offs declined 16% to ₹630 crore. Credit costs eased to 1.6% of average total assets from 2.2% a year earlier. Disbursements grew 22% to ₹16,499 crore, while business assets under management increased 15% to ₹1.47 lakh crore. Non-vehicle finance disbursements, including SME, personal and housing loans, rose 52%. Why does it matter? Profit growth was supported by both higher lending activity and lower credit costs. Diversification beyond vehicle financing is also gaining traction. However, lower credit costs may not continue at the same pace, making asset quality and lending discipline important to monitor. My view The quarter reflects strong business growth alongside improved credit performance. The key question is whether the company can sustain loan growth and profitability without compromising asset quality. What I am watching next I would track loan growth, credit costs, asset quality, net interest margins and the contribution of non-vehicle lending to the overall portfolio. No Recommendations Source: The Economic Times Disclosure: I, my entity, associates or relatives do not have any holding, position or other material interest in Mahindra & Mahindra Financial Services Limited.

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Mahindra Finance Q2 disbursements jump 22% to Rs 16,490 cr

Mahindra & Mahindra Financial Services Limited shares were trading higher on October 5, 2026, after the company's Q2FY27 business update showed a 22% year-on-year jump in disbursements. The company reported disbursements of Rs 16,490 crore for the September quarter, taking the H1FY27 total to about Rs 32,050 crore, also up 22% over the same period last year. Total business assets, or AUM, grew 15% year on year to Rs 1,46,300 crore. Asset quality improved too, Stage-3 assets (the most stressed loan category) came down to around 3.35-3.45% from 3.94% a year earlier, while collection efficiency rose to 97% from 96%. The company also reported liquidity of over Rs 16,200 crore. Live intraday price moves on a day like this tend to vary by the minute and across data sources, so rather than quoting a specific percentage that could already be stale by the time this is read, the point worth noting is the stock has been firmly in the green through the session on the back of this update, trading within its 52-week range of roughly Rs 270 to Rs 415. A 22% rise in disbursements alongside improving asset quality is a stronger combination than growth alone, since NBFC stocks often get penalised when loan book growth comes with rising stress. Here, both numbers are moving in the right direction together, which is usually read as a healthier quarter than the headline disbursement number alone suggests. The thing to watch from here is whether this translates into profit growth when formal results are announced, since disbursement and AUM growth do not automatically mean higher margins if funding costs or provisioning move against the company. Disclosure: Palash Kag, Proprietor, Sarathi Research, SEBI Reg. No. INH000012740. No position held in Mahindra & Mahindra Financial Services Limited as on date. Views are educational and informational only, not financial advice or a recommendation to buy, sell or hold any security.

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