Latest news with #Mahindra&MahindraFinancialServices
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Business Standard
23-07-2025
- Business
- Business Standard
M&M Financial share drops 3% on mixed Q1 nos; should you buy, sell or hold?
Mahindra & Mahindra Financial Services share price: Mahindra & Mahindra Financial Services share price was in focus on Wednesday, July 23, 2025, with the scrip dropping up to 2.93 per cent to an intraday low of 257.80 per share, nearing its 52-week low of 235.47. At 9:20 AM, Mahindra & Mahindra Financial Services share was trading 1.75 per cent lower at 260.95. In comparison, BSE Sensex was up 0.30 per cent at 82,429.66 levels M&M Financial Q1 results Mahindra & Mahindra Financial Services (MMFS) reported a modest 3 per cent year-on-year (Y-o-Y) rise in net profit to ₹530 crore for the quarter ended June 2025 (Q1FY26). However, on a sequential basis, net profit declined 6 per cent. Total income for the quarter increased 18 per cent Y-o-Y to ₹4,438 crore, while total expenses rose at a faster pace of 22 per cent to ₹3,744 crore. Net interest income (NII) grew 18 per cent Y-o-Y to ₹2,285 crore. However, credit costs spiked to ₹660 crore from ₹448 crore in the same period last year. Disbursements for the quarter came in at ₹12,808 crore, registering a 1 per cent Y-o-Y rise but falling 18 per cent sequentially. The company attributed the sequential dip to a slowdown in the underlying wheels business. The gross loan book expanded 15 per cent Y-o-Y to ₹1.22 trillion and grew 2 per cent quarter-on-quarter. Its MSME asset book grew 28 per cent Y-o-Y to ₹6,523 crore as of June 30, 2025, led by secured products like Loan Against Property (LAP), which now forms 44 per cent of total SME assets, up from 33 per cent last year. Stage 3 assets in this segment stood at 1.4 per cent, reflecting strong asset quality. Collection efficiency improved slightly to 95 per cent, up from 94 per cent in Q1FY25. Brokerages' view Motilal Oswal The company reported an operationally soft quarter with tepid disbursements and loan growth, according to analysts at Motilal Oswal. Asset quality weakened seasonally due to elevated credit costs, higher slippages, and persistent write-offs. On the positive side, net interest margin (NIM) expanded about 10 bps Q-o-Q, and management remains confident that NIM has bottomed out and is poised to improve. While loan growth and credit costs remain uncertain, a projected PAT CAGR of about 21 per cent over FY25–27 and RoA/RoE of 2.2 per cent/13 per cent in FY27E support a 'Buy' rating with a target price of ₹310 (1.6x Mar'27E BV). The M&M Financial stock is currently trading at 1.3x FY27E P/BV. Nuvama Those at Nuvama said, M&M Financial beat estimates on NII and pre-provision operating profit (PPOP), but missed on credit costs, which came in at 1.9 per cent – above the guided 1.5-1.7 per cent range. Still, given a tough operating environment and stable Stage 3 ECL at 51.4 per cent, the outcome is seen as acceptable. Disbursements remained weak (up 1 per cent Y-o-Y / down 18 per cent Q-o-Q). Reported spread improved 20 bps Q-o-Q, and PPOP rose 19 per cent Y-o-Y / 11 per cent Q-o-Q. PAT grew 3 per cent Y-o-Y but declined 6 per cent sequentially. Stage 2+3 ECL remained steady at 78.8 per cent versus 78.4 per cent Q-o-Q. Thus, analysts at Nuvama maintained a 'Hold' rating with a target price of ₹280 (1.6x FY26E BV), with growth momentum and credit cost normalisation as key monitorables.
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Business Standard
22-07-2025
- Business
- Business Standard
Mahindra Finance Q1FY26 results: Net profit rises 3% to ₹530 crore
Mahindra & Mahindra Financial Services reported a 3 per cent increase in net profit for the quarter ended June, reaching Rs 530 crore. However, on a sequential basis, the net profit declined by 6 per cent, the company said in a regulatory filing. The total income of the non-banking financial company (NBFC) increased by 18 per cent YoY to Rs 4,438 crore in the quarter ended June 2025, while total expenses rose by 22 per cent to Rs 3,744 crore. Net interest income (NII) in Q1 FY26 stood at Rs 2,285 crore, up 18 per cent YoY. Credit costs increased to Rs 660 crore in Q1 from Rs 448 crore. Disbursements during the quarter were Rs 12,808 crore, registering a 1 per cent YoY growth. However, disbursements declined by 18 per cent on a sequential basis. The company's asset book for micro, small, and medium enterprises (MSMEs) expanded by 28 per cent YoY to Rs 6,523 crore as of June 30, 2025. 'The growth is driven by secured offerings such as Loan Against Property (LAP), which now accounts for 44 per cent of total SME assets, compared to 33 per cent last year. Asset quality in this segment remains strong, with Stage 3 assets at 1.4 per cent as of the quarter-end,' the company said. Collection efficiency improved marginally to 95 per cent, up from 94 per cent in Q1 FY25, indicating stability in customer repayments. The gross loan book stood at Rs 1.22 trillion as of June 30, 2025, up 15 per cent YoY, and up by just 2 per cent on a quarter-to-quarter basis. The slowdown in disbursements was attributed to moderate growth in the underlying wheels business, the company added. On Tuesday, the company's shares closed 1 per cent higher at Rs 265.60 per equity share.
Business Standard
22-07-2025
- Business
- Business Standard
Mahindra & Mahindra Financial Services consolidated net profit rises 6.07% in the June 2025 quarter
Sales rise 15.64% to Rs 4990.61 crore Net profit of Mahindra & Mahindra Financial Services rose 6.07% to Rs 527.87 crore in the quarter ended June 2025 as against Rs 497.66 crore during the previous quarter ended June 2024. Sales rose 15.64% to Rs 4990.61 crore in the quarter ended June 2025 as against Rs 4315.52 crore during the previous quarter ended June 2024. Particulars Quarter Ended Jun. 2025 Jun. 2024 % Var. Sales 4990.614315.52 16 OPM % 60.6461.15 - PBDT 789.45737.29 7 PBT 703.58661.47 6 NP 527.87497.66 6
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Business Standard
14-07-2025
- Business
- Business Standard
Dividend stocks: These 8 stocks to go ex-date on July 15; do you own any?
Dividend stocks today: Shares of Mahindra & Mahindra Financial Services, IDBI Bank, Computer Age Management Services (CAMS), and 5 other companies to remain in focus today are set to remain in the spotlight during today's trading session following their announcement of dividend rewards for their shareholders. The other companies to feature in the list include Aditya Birla Real Estate, Grindwell Norton, Kirloskar Pneumatic Company, Saint Gobain Sekurit India, and Vinyl Chemicals (India) are set to remain in focus today. Notably, shares of these companies will trade ex-dividend tomorrow, July 15, 2025, according to the BSE data. The ex-dividend date marks the day when a stock begins trading without the right to receive the declared dividend. Thus, it becomes pertinent for investors to own the stock before the ex-date to ascertain their eligibility. The companies, however, finalise the list of eligible shareholders for the dividend based on their records on the record date. Among the said list of companies, Computer Age Management Services has declared the highest dividend, announcing a final dividend of ₹19 per share for financial year 2024–25 (FY25). The company has set July 15, 2025, as the record date for determining eligible shareholders for their participation in the said announcement. This is followed by Grindwell Norton, which has announced a final dividend of ₹19 per share, for its shareholders. The company has also fixed the record date as June 27, 2025, for the same. Company Ex-date Purpose Record date Aditya Birla Real Estate July 15, 2025 Final Dividend - 2 July 15, 2025 Computer Age Management Services July 15, 2025 Final Dividend - 19 July 15, 2025 Grindwell Norton July 15, 2025 Final Dividend - 17 July 15, 2025 IDBI Bank July 15, 2025 Final Dividend - 2.10 July 15, 2025 Kirloskar Pneumatic Company July 15, 2025 Final Dividend - 6.50 July 15, 2025 Mahindra & Mahindra Financial Services July 15, 2025 Final Dividend - 6.50 July 15, 2025 Saint Gobain Sekurit India July 15, 2025 Final Dividend - 2 July 15, 2025 Vinyl Chemicals (India) July 15, 2025 Final Dividend - 7 July 15, 2025 (Source: BSE/ In continuation, Vinyl Chemicals (India) has announced to pay a final dividend of ₹7 per share to its shareholders for FY25. The company has also set June 27, 2025, as the record date for determining eligible shareholders for their participation in the said announcement. Mahindra & Mahindra Financial Services and Kirloskar Pneumatic Company have announced to pay final dividends of ₹6.50 per share for FY25 with their record date being fixed on July 25 for the same. IDBI Bank will pay a final dividend of ₹2.10 per share for FY25 to its shareholders. In continuation to that, Aditya Birla Real Estate and Saint Gobain Sekurit India have decided to reward their shareholders with a final dividend of ₹2 each. They all have set the record date on July 15 for the same.
Business Standard
03-07-2025
- Automotive
- Business Standard
Mahindra Finance gains as disbursements grow to Rs 12,800 crore YoY in Jun'25
Mahindra & Mahindra Financial Services rose 3.02% to Rs 269.85 after the company reported a 1% year-on-year increase in overall disbursements at Rs 12,800 crore for the first quarter. Business assets stood at Rs 1,21,800 crore as of 30 June 2025, reflecting a 15% YoY growth. The collection efficiency improved to 95% in Q1 FY26, up from 94% in the same period last year. As of June 30, 2025, Stage-3 assets were in the range of 3.8% to 3.9%, compared to 3.7% in the previous quarter and 3.6% in the corresponding quarter last year. Stage-2 assets were in the range of 5.8% to 5.9%, compared to 5.4% quarter-on-quarter and 6.1% year-on-year. "The company continued to enjoy a comfortable liquidity position on its balance sheet, with a liquidity chest of over Rs 9,600 crore, Mahindra Finance said in a statement. Mahindra & Mahindra Financial Services (Mahindra Finance), a part of the Mahindra Group, is an NBFC primarily engaged in the business of financing the purchase of new and pre-owned auto and utility vehicles, tractors, cars, commercial vehicles, construction equipment, and SME financing. The companys consolidated net profit declined 9.02% to Rs 563.14 crore on a 14.54% increase in total income to Rs 4,245.09 crore in Q4 FY25 over Q4 FY24.
