Mahindra Finance Q2 net profit jumps 54.8% as revenue grows 15%
Mahindra & Mahindra Financial Services posted a standalone net profit of Rs 881.52 crore for the September quarter, up 54.8% year on year, per Moody's.
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what happened
Moody's reported that Mahindra & Mahindra Financial Services earned a standalone net profit of Rs 881.52 crore in the quarter ended 30 September 2026, versus Rs 569.31 crore a year earlier. Total income climbed 15.3% to Rs 5,174.79 crore.
Interest income, the largest revenue line, rose to Rs 4,732.46 crore from Rs 4,177.92 crore. Finance costs increased to Rs 2,341.04 crore, while impairment charges on financial instruments fell to Rs 629.51 crore. Profit before tax reached Rs 1,161.88 crore.
Asset quality improved: gross Stage 3 assets dropped to 3.42% from 3.94%, and the capital adequacy ratio stood at 17.98% against 19.50% a year earlier. For the first half of FY27, standalone net profit rose to Rs 1,780.17 crore.
why it matters
For markets, the combination of higher profit and a lower share of problem loans points to a healthier loan book. However, capital adequacy declined and financing costs rose roughly 13%. The result concerns a single company, so the broader market impact is limited.
market impact
Mahindra & Mahindra Financial Services shares: strong profit and lower problem assets support the stock
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instruments
sources
- Mahindra Finance Q2 Results: Profit Rises To Rs 882 Cr, Revenue Up 15% — Moody's, 22 October 2026 at 00:31 UTC
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