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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.