Mahindra Finance Q2 FY27 Results: Consolidated Profit Rises 61% To ₹911 Crore As Disbursements Grow 22% Year-On-Year
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Mahindra Finance reported a 61% year-on-year rise in consolidated Q2 FY27 profit after tax to ₹911 crore. Standalone profit rose 55% to ₹882 crore due to higher disbursements and lower credit costs.
Mahindra & Mahindra Financial Services Limited, known as Mahindra Finance, reported consolidated profit after tax (PAT) of ₹911 crore for Q2 FY27, up 61% from ₹566 crore a year earlier. Consolidated total income increased 18% to ₹5,962 crore.
The company’s standalone business also recorded growth, with PAT rising 55% year-on-year to ₹882 crore. Disbursements increased 22% to ₹16,499 crore, while assets under management grew 15% to ₹1,46,512 crore.
The Mahindra Finance share price closed at ₹297.45 on 21 October 2026, down 2.44% on the National Stock Exchange (NSE).
Mahindra Finance H1 FY27 Performance
For the first half of FY27, standalone PAT rose 62% year-on-year to ₹1,780 crore from ₹1,099 crore. Total income increased 14% to ₹10,149 crore, while pre-provisioning operating profit grew 24% to ₹3,547 crore.
Net interest income increased 19% to ₹5,600 crore. The net interest margin stood at 7.1% for H1 FY27, compared with 6.8% in the corresponding period last year.
What Do Loan Growth And Credit Costs Show?
Standalone quarterly disbursements rose to ₹16,499 crore from ₹13,514 crore a year earlier. Business assets reached ₹1,46,512 crore, up 15% year-on-year.
Credit costs fell 16% to ₹630 crore from ₹751 crore. Credit costs as a proportion of average total assets declined to 1.6% from 2.2%, while collection efficiency improved to 97% from 96%.
Stage 3 assets declined to 3.4% from 3.9% a year earlier. Stage 2 assets also fell to 4.7% from 5.8%.
How Did Non-vehicle Loans Perform?
Non-vehicle finance disbursements grew 52% year-on-year, including lending to small and medium enterprises, personal loans and other businesses. But vehicle finance remains a core activity, with the company continuing to finance tractors, passenger vehicles, used cars and light commercial vehicles.
Managing Director and Chief Executive Officer Raul Rebello said the quarter’s performance reflected progress in the company’s ongoing changes. He highlighted 22% growth in disbursements, credit costs of 1.6% and 55% standalone profit growth, while reiterating the focus on disciplined execution towards the company’s FY31 ambitions.
Also Read - KEI Industries Q2 FY27 Results: Revenue Rises 38.52% To ₹3,777 Crore As Profit Grows 28.96% Year-On-Year
This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Vishwa has spent 10+ years across fintech and FMCG doing what most people miss, connecting the dots, catching trends before they trend, and finding the angle nobody else thought to ask about.
At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide, turning market noise into something worth reading.
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