Latest news with #MahindraFinance
Time of India
22-07-2025
- Business
- Time of India
Mahindra Finance Q1 Results: Net profit rises 6% to Rs 529 crore
Mahindra Finance on Tuesday reported a 6 per cent increase in consolidated net profit to Rs 529 crore in the June quarter. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Mahindra Finance on Tuesday reported a 6 per cent increase in consolidated net profit to Rs 529 crore in the June city-headquartered company had posted a net profit of Rs 497 crore in the corresponding period a year a standalone basis, its profit after tax rose 3 per cent to Rs 530 crore in the first quarter of FY26 against Rs 513 crore in the year-ago period, but was 6 per cent lower than the preceding March quarter's PAT of Rs 563 company's disbursements grew 1 per cent to Rs 12,808 crore during the reporting quarter, while the gross loan book on June 30 was 15 per cent higher at Rs 1.22 lakh total income climbed 18 per cent to Rs 4,438 crore in Q1FY26, and the core net interest income increased by a similar quantum to Rs 2,285 crore, according to a regulatory net interest margin widened to 6.7 per cent from 6.6 per cent a year credit costs jumped 47 per cent to Rs 660 crore or 1.9 per cent of average total assets against 1.5 per cent a year overall capital adequacy stood at 20.6 per cent on June 30, with the core tier-1 capital at 17.9 per of Mahindra and Mahindra Financial Services gained 1.01 per cent to close at Rs 265.60 apiece on the BSE, as against a 0.02 per cent correction on the benchmark.
News18
22-07-2025
- Business
- News18
Mahindra Finance Q1 net profit rises 6 pc to Rs 529 cr
Agency: PTI Mumbai, Jul 22 (PTI) Mahindra Finance on Tuesday reported a 6 per cent increase in consolidated net profit to Rs 529 crore in the June quarter. The city-headquartered company had posted a net profit of Rs 497 crore in the corresponding period a year ago. On a standalone basis, its profit after tax rose 3 per cent to Rs 530 crore in the first quarter of FY26 against Rs 513 crore in the year-ago period, but was 6 per cent lower than the preceding March quarter's PAT of Rs 563 crore. The company's disbursements grew 1 per cent to Rs 12,808 crore during the reporting quarter, while the gross loan book on June 30 was 15 per cent higher at Rs 1.22 lakh crore. Its total income climbed 18 per cent to Rs 4,438 crore in Q1FY26, and the core net interest income increased by a similar quantum to Rs 2,285 crore, according to a regulatory filing. The net interest margin widened to 6.7 per cent from 6.6 per cent a year ago. The credit costs jumped 47 per cent to Rs 660 crore or 1.9 per cent of average total assets against 1.5 per cent a year ago. view comments First Published: July 22, 2025, 19:45 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Mint
15-07-2025
- Business
- Mint
India Inc steps up defences as sophisticated corporate frauds surge
A surge in white-collar crimes over the past two years is prompting Indian companies to tighten internal controls and seek legal counsel to protect against potential liabilities, experts told Mint. Firms in high-risk sectors like financial services, including Mahindra Finance, are proactively working with law firms to strengthen compliance and flag anomalies early, as tech-enabled fraud and remote work increase vulnerabilities. 'There has been a 50-70% rise in white-collar crimes and corporate frauds over the last two years," said Sahil Kanuga, partner at law firm Cyril Amarchand Mangaldas, who tracks white-collar crimes. An employee emailing an official document to himself, sanctioning funds approved by the chief executive officer over email, or a spurt in transactions at odd hours could trigger scrutiny for white-collar crimes. Companies are increasingly disclosing potential internal lapses to their legal counsel, relying on the confidentiality of the client-lawyer relationship. Law firms say clients trust them to not just assess potential legal exposure but also to deploy in-house forensic teams to investigate any breach, identify gaps in controls, and proactively weave in safeguards such as tighter employment clauses or vendor contracts. India Inc on alert Consulting and audit firm PwC found that 59% of the Indian companies it had surveyed for a study, published in December, had encountered financial or economic fraud in the past 24 months, surpassing the global average of 41%. Grant Thornton attributed the rise in fraud cases in recent years to the impact of Covid-19. In its 'Financial and Cyber Fraud Report 2024', the business advisory noted a significant increase in fraud incidents post-pandemic driven by factors such as the shift from on-site to remote work, insufficient internal controls to keep pace with organisational changes, and various technology-related challenges. Last year, Mahindra Finance uncovered a ₹150 crore fraud involving forged customer verification, or know-your-customer (KYC), documents in retail vehicle loans. Since then, it has introduced stricter controls, including surprise 5-day mandatory leaves for executives in sensitive roles like treasury, underwriting, and branch operations. 'During this period, the executive will not have access to their official e-mail/approval authority… and all sanctions will be given by the next in command," Manish Sinha, chief human resources officer at Mahindra Finance, said in an email reply to Mint. The firm also rotates key staff every 4-5 years to curb risks tied to long stints in the same role or location. In another case, according to Cyril's Kanuga, the India finance head of a global pharma firm wired lakhs of rupees within hours of what seemed like an urgent payment request from the parent company's CEO, only to realise it was fake. Since then, the firm has mandated multi-factor authentication, requiring a second approval or a one-time password sent to an authorised device to prevent solo approvals. 'The detection of such financial fraud can damage a company's reputation. For publicly traded companies, fraud discoveries almost invariably lead to sharp declines in stock price," said Avik Biswas, partner at law firm Khaitan and Co. Indian companies are also ramping up employee awareness, bringing in lawyers to highlight how seemingly harmless actions can raise red flags. Apeksha Mattoo, partner at Trilegal, warned employees against emailing official documents to personal accounts, noting that during white-collar crime audits every email is scrutinised. 'We have seen employees in large ad agencies and insurance firms email things like Form 16 to themselves, which can trigger suspicion, even though it's publicly available," she said. In one case, a CEO who had emailed his son's school fee details to his office email faced corruption allegations during his exit checks when he was leaving the company, according to Mattoo. Mohammad Kamran, leader, international disputes and investigations, at Nishith Desai Associates, cited another recent instance of fraud. 'In this case, instead of email, it was the parties' Whatsapp/Telegram group that was compromised. A group was created between the buyer and seller. A hacker created a similar group with similar names and display pictures, and added the parties to the fake group where the parties shared crucial information, leading to financial losses," said Kamran. AI in fraud detection Biswas of Khaitan and Co. warned that for startups or early-stage firms, a single fraud incident can threaten survival by eroding investor confidence overnight. To avoid such fallout, companies like Peak XV-backed lending fintech CASHe are strengthening their internal controls and response systems with artificial intelligence, apart from aligning with the Reserve Bank of India's baseline governance frameworks. 'We're also piloting AI-based fraud detection tools, including behavioural biometrics, to further reinforce our risk framework," said CASHe CEO Yashoraj Tyagi. Apart from using artificial intelligence and data analytics for real-time alerts and anomaly detection systems, companies are also using AI and machine learning tools to see if sensitive files are being accessed at odd hours or in unfamiliar locations. Major fraud detection tools and platforms including IBM Safer Payments, FICO Falcon, DataVisor, Sift Science, and Palantir Foundry use AI, machine learning, and advanced analytics to detect anomalies, prevent transaction fraud, verify identities, and analyse large data sets across sectors such as banking, insurance, and e-commerce. Indian regulators, too, are turning to AI. The RBI Innovation Hub's uses AI and machine learning to analyse transactions and identify mule accounts faster and more accurately than traditional methods, with pilots at two major public sector banks showing promising results.
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.
Yahoo
06-05-2025
- Automotive
- Yahoo
Mahindra & Mahindra Ltd (MAHMF) Q4 2025 Earnings Call Highlights: Strong Growth in Auto and ...
SUV Volumes: Up 20% year-over-year. Auto Market Share: Increased by 210 basis points to 22.5%. Auto Margins: Improved by 110 basis points. Farm Market Share: Increased by 170 basis points to 43.3%. Farm Margins: Increased by 210 basis points to 18.4%. Mahindra Finance Profit: Stand-alone profit exceeded INR 2,300 crores, up from INR 1,900 crores. Consolidated Profit Growth: 20% increase, excluding KG Mobility mark-to-market adjustments. Revenue Growth: Consolidated revenue up 14%, stand-alone revenue up 17%. Auto Profitability: 25% growth year-over-year. Farm Profitability: 30% growth year-over-year. Tech Mahindra Profit Growth: Over 80% year-over-year. Mahindra Finance Asset Growth: 17% increase in assets under management. Cash Generation: Close to INR 10,000 crores generated during the year. Impairment Impact: INR 654 crores impairment in stand-alone results, INR 156 crores impact in consolidated results. Warning! GuruFocus has detected 5 Warning Sign with MAHMF. Release Date: May 05, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. SUV volumes increased by 20%, surpassing the mid- to high-teens target. Market share in the Auto sector rose by 210 basis points to 22.5%, and Auto margins improved by 110 basis points. Farm sector market share increased to 43.3%, with margins up 210 basis points to 18.4%. Mahindra Finance achieved a significant transformation, reducing GNPAs from 7-8% to less than 4%, while maintaining profitability. Consolidated profit growth of 20%, with a 14% increase in revenue and a 17% rise in stand-alone revenue. Write-offs were necessary for category B businesses, including MAM in Japan and Sampo in Finland, due to lack of profit trajectory. International markets negatively impacted Farm sector revenue growth, which was only 6% due to challenges in Turkey, Brazil, and the US. Logistics business struggled, requiring new leadership to drive future growth. Competitive intensity in the Farm sector could impact future margins if it increases. Challenges in the EV segment include managing customer delivery experiences and ensuring adequate production ramp-up. Q: Can you provide insights on the electric vehicle (EV) mix and margins, and how they might change over time? A: Rajesh Jejurikar, Executive Director and CEO of Auto and Farm Sector, explained that the current bookings are heavily skewed towards the top-end PACK-3, with over 75% of bookings. The mix is expected to change as display and test drive vehicles for PACK-2 and PACK-1 become available. The company benefits from operating leverage due to shared facilities at the Chakan plant, and the main variables affecting margins will be the mix of PACKs and global cell price movements. Q: Are all costs, including depreciation, fully factored into the EV margins? A: Yes, according to Rajesh Jejurikar, depreciation for the two launched EV products is fully captured starting from the fourth quarter. Amarjyoti Barua, Group CFO, added that costs are capitalized and will be depreciated as new products are launched. Q: How does Mahindra & Mahindra view the demand for ICE vehicles and capacity expansion? A: Rajesh Jejurikar noted that capacity expansion should not be directly equated with volume growth, as some new products will replace existing ones. He emphasized that India is at an early stage of vehicle penetration, and the company is optimistic about leveraging this growth. The company expects to grow faster than the market, driven by a strong product portfolio. Q: What are the key learnings from the initial deliveries of EVs, and how will they be incorporated into future products? A: Rajesh Jejurikar highlighted the importance of customer experience, noting that delivery processes are more complex than anticipated. The company is focusing on improving software updates and customer interactions. They have decided to slow down deliveries to ensure a high-quality customer experience, emphasizing the need for thorough tutorials and support. Q: What differentiates Mahindra's EVs from competitors, and how does the company plan to maintain a sustainable lead? A: Rajesh Jejurikar outlined several differentiators, including aspirational design, advanced features not available in luxury cars, and leveraging existing manufacturing and dealer networks. These factors, combined with a strong product presence, create a competitive advantage. Anish Shah, CEO, added that the company's ability to integrate software and maintain high-quality standards is a key strength. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error while retrieving data Sign in to access your portfolio Error while retrieving data
