Latest news with #M&MFinancialServices
Economic Times
23-07-2025
- Business
- Economic Times
M&M Financial Services shares fall over 3% after mixed Q1 results
Shares of M&M Financial Services fell over 3% to Rs 257.3 on BSE on Wednesday, despite the company reporting a rise in net interest income (NII) and net profit for the June quarter. Investor sentiment remained muted due to elevated provisions and weaker collection efficiency. ADVERTISEMENT The company's NII rose 19.7% year-on-year (YoY) to Rs 2,267 crore and increased 5.4% sequentially. Net profit stood at Rs 530 crore, up 3.2% YoY, but down 6% from the March quarter. Profitability was dented by a sharp rise in provisions, which surged 44.3% quarter-on-quarter to Rs 660 crore, compared to Rs 457 crore in the March quarter. Pre-Provision Operating Profit (PPoP), however, rose 19.3% YoY to Rs 1,353 assets inched up, with Gross Stage 3 assets estimated at 3.8–3.9%, compared to 3.7% in the year-ago period. Collection efficiency declined to 95% in June, down from 97% in during the quarter rose 1% YoY, moderating from the 5% growth recorded in the same period last year. ADVERTISEMENT The company's Assets Under Management (AUM) grew 14.5% YoY to Rs 1.21 lakh crore. Also Read: Apollo Tyres, Brigade Enterprises among 10 small-cap stocks trading below industry PE; may rally up to 43% ADVERTISEMENT According to Trendlyne, the average analyst target price for M&M Financial Services stands at Rs 292, implying a 13% upside from current levels. Among the 33 analysts tracking the stock, the consensus rating is 'Hold'.Technically, the Relative Strength Index (RSI) is at 49.7, indicating neutral momentum. Meanwhile, the MACD stands at -0.3, below both the signal and center lines, signaling a strong bearish trend. ADVERTISEMENT The stock has declined 10% over the past year and is down 15% over the last two years. M&M Financial currently has a market capitalisation of Rs 36,076 crore. Also Read: 7 Nifty500 stocks with highest dividend yields. Do you own any? (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
23-07-2025
- Business
- Time of India
M&M Financial Services shares fall over 3% after mixed Q1 results
Shares of M&M Financial Services fell over 3% to Rs 257.3 on BSE on Wednesday, despite the company reporting a rise in net interest income (NII) and net profit for the June quarter. Investor sentiment remained muted due to elevated provisions and weaker collection efficiency. The company's NII rose 19.7% year-on-year (YoY) to Rs 2,267 crore and increased 5.4% sequentially. Net profit stood at Rs 530 crore, up 3.2% YoY, but down 6% from the March quarter. Explore courses from Top Institutes in Please select course: Select a Course Category Data Science Management MBA Data Science Product Management Public Policy others PGDM Cybersecurity CXO healthcare Others Project Management Digital Marketing Technology Healthcare MCA Data Analytics Operations Management Degree Design Thinking Leadership Finance Artificial Intelligence Skills you'll gain: Duration: 11 Months IIT Madras CERT-IITM Advanced Cert Prog in AI and ML India Starts on undefined Get Details Skills you'll gain: Duration: 30 Weeks IIM Kozhikode SEPO - IIMK-AI for Senior Executives India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months E&ICT Academy, Indian Institute of Technology Guwahati CERT-IITG Prof Cert in DS & BA with GenAI India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Kozhikode CERT-IIMK DABS India Starts on undefined Get Details Skills you'll gain: Duration: 11 Months E&ICT Academy, Indian Institute of Technology Guwahati CERT-IITG Postgraduate Cert in AI and ML India Starts on undefined Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like How Much Does It Cost to Rent a Private Jet - The Prices May Surprise You! Private Jet I Search Ads Learn More Undo Profitability was dented by a sharp rise in provisions, which surged 44.3% quarter-on-quarter to Rs 660 crore, compared to Rs 457 crore in the March quarter. Pre-Provision Operating Profit (PPoP), however, rose 19.3% YoY to Rs 1,353 crore. Stressed assets inched up, with Gross Stage 3 assets estimated at 3.8–3.9%, compared to 3.7% in the year-ago period. Collection efficiency declined to 95% in June, down from 97% in March. Live Events Disbursements during the quarter rose 1% YoY, moderating from the 5% growth recorded in the same period last year. The company's Assets Under Management (AUM) grew 14.5% YoY to Rs 1.21 lakh crore. Also Read: Apollo Tyres, Brigade Enterprises among 10 small-cap stocks trading below industry PE; may rally up to 43% According to Trendlyne, the average analyst target price for M&M Financial Services stands at Rs 292, implying a 13% upside from current levels. Among the 33 analysts tracking the stock, the consensus rating is 'Hold'. Technically, the Relative Strength Index (RSI) is at 49.7, indicating neutral momentum. Meanwhile, the MACD stands at -0.3, below both the signal and center lines, signaling a strong bearish trend. The stock has declined 10% over the past year and is down 15% over the last two years. M&M Financial currently has a market capitalisation of Rs 36,076 crore. Also Read: 7 Nifty500 stocks with highest dividend yields. Do you own any?
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Business Standard
03-07-2025
- Business
- Business Standard
M&M Financial Services shares rise after releasing Q1FY26 business update
Mahindra & Mahindra Financial Services share price rose 2 per cent in trade on Thursday, logging an intraday high at ₹267.45 per share on BSE after the company released its Q1 business update. At 9:31 AM, M&M Financial Services share price was trading 0.86 per cent higher at ₹264.2 per share on the BSE. In comparison, the BSE Sensex was flat at 83,410.7. The company's market capitalisation stood at ₹36,723.04 crore. Its 52-week high was at ₹333.64 per share and 52-week low was at ₹235.47 per share. M&M Financial Services Q1 update In Q1 FY26, the non-banking financial company (NBFC) estimates the overall disbursement at ₹12,800 crore, with year-on-year (Y-o-Y) growth of 1 per cent (excluding finance lease). Business assets are estimated at ₹1,21,800 crore, a growth of 15 per cent over June 2024. The Collection Efficiency (CE) is pegged at 95 per cent for Q1 FY26 against 94 per cent in Q1 FY25. As of June 30, 2025, the company's asset stage-3 is estimated in the range of 3.8 per cent to 3.9 per cent as against 3.7 per cent as of March 31, 2025, and 3.6 per cent as of June 30, 2024. The stage-2 is estimated in the range of 5.8 per cent to 5.9 per cent as compared to 5.4 per cent as of March 31, 2025, and 6.1 per cent as of June 30, 2024. "The company continued to enjoy a comfortable liquidity position on its Balance Sheet, with a liquidity chest of over ₹9,600 crore," M&M Financial Services said in its filing. M&M Financial Services Q4 results The company's reported total income of ₹4,245 crore for Q4FY25, up 15 per cent compared to ₹3,706 crore in the year-ago period. Net interest income (NII) grew 9 per cent Y-o-Y to ₹2,156 crore from ₹1,971 crore in the corresponding quarter last fiscal. However, net interest margins (NIMs) declined from 7.1 per cent in Q4FY24 to 6.5 per cent in Q4FY25. The company's profit after tax (PAT) came in at ₹619 crore in Q4FY25, down 9 per cent from ₹563 crore in the March 2024 quarter. About M&M Financial Services Mahindra & Mahindra Financial Services, a part of the Mahindra Group, is a non-banking financial services company (NBFC) primarily engaged in the business of financing the purchase of new and pre-owned auto and utility vehicles, construction equipment and SME Financing. It is the only Indian NBFC to be listed on the Dow Jones Sustainability Index for Emerging Markets. The company's subsidiaries include Mahindra Insurance Brokers and Mahindra Rural Housing Finance.
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Business Standard
23-04-2025
- Business
- Business Standard
Why did M&M Financial slip 4% post Q4 results? Here's what brokerages say
M&M Financial Services stock price today: Shares of M&M Financial Services fell over 4 per cent to hit an intraday low of ₹265.20 on Wednesday after the company reported a disappointing set of numbers for March 2025 quarter (Q4FY25) results. At 12:40 PM on Wednesday, M&M Financial's stock was quoting at ₹268.90, down 2.98 per cent on the National Stock Exchange (NSE). In comparison, the benchmark Nifty50 index was trading at 24,218.35, up 51.10 points or 0.21 per cent. The stock has fallen nearly 23 per cent from its 52-week high of ₹343 touched on September 27, 2024. The non-banking financial services company's total market capitalisation stood at ₹33,223.40.66 crore. M&M Financial Services Q4FY25 result update The company's reported total income of ₹4,245 crore for Q4FY25, up 15 per cent compared to ₹3,706 crore in the year-ago period. Net interest income (NII) grew 9 per cent Y-o-Y to ₹2,156 crore from ₹1,971 crore in the corresponding quarter last fiscal. However, net interest margins (NIMs) decline from 7.1 per cent in Q4FY24 to 6.5 per cent in Q4FY25. The company's profit after tax (PAT) came in at ₹619 crore in Q4FY25, down 9 per cent from ₹563 crore in the March 2024 quarter. Brokerage views on M&M Financial Services Motilal Oswal Financial Services (MOFSL) M&M Financial Services delivered a soft quarter with tepid disbursements resulting in muted growth in assets under management (AUM). Net interest margins (NIMs) also decline on a sequential basis due to moderation in yields. On the asset quality front, there was no improvement despite Q4 being a seasonally strong quarter, while write-offs and loan losses remain elevated, MOFSL said in a note. ALSO READ | "The outlook on loan growth and credit costs remains uncertain, with more clarity expected only at the end of Q1FY26. We believe this will be the true acid test for vehicle financiers," the brokerage added. Elara Capital M&M Financial Services' Q4 earnings disappointed on several counts including a sharp increase in the provision and elevated operational expenses (opex) that affected the bottomline. Margins suffered on the back of elevated funding costs and a rejig in loan management systems, said Elara Capital in a research note. The subdued performance is expected to continue amidst weak demand for automobiles due to macroeconomic headwinds. Management expects tractors and non-wheels to drive growth, with contribution from non-wheels estimated to increase from the current 7 per cent to 25 per cent in future. Emkay Global on M&M Financial Services M&M Financial reported muted growth and profitability in the March 2025 quarter, with key figures largely in line with estimates. However, PAT was 5 per cent below the consensus estimates. Despite the continuous efforts by the management to diversify into other verticals, the company remained dominated by wheels at around 93 per cent. This is expected to restrict growth in the near-term as the newer segments are still too small to drive AUM growth. ALSO READ | "Ahead, a sticky opex and marginal normalization in credit cost from the current superior levels are likely to limit scope for improvement in return on assets (RoA), driven by NIM and fee expansion on account of increasing fee yield and moderating cost of funds (CoFs)," the brokerage said in a note. About M&M Financial Services Mahindra & Mahindra Financial Services, a part of the Mahindra Group, is a non-banking financial services company (NBFC) primarily engaged in the business of financing the purchase of new and pre-owned auto and utility vehicles, construction equipment and SME Financing. It is the only Indian NBFC to be listed on the Dow Jones Sustainability Index for Emerging Markets. The company's subsidiaries include Mahindra Insurance Brokers and Mahindra Rural Housing Finance.
