Mahindra Finance Q2 Net Profit Jumps 55% to ₹882 Cr

Shares of Mahindra Finance slid 2.26% to ₹298 on the NSE, a dip that follows a 12‑month high earlier in the year. The quarter delivered a ₹882 crore net profit, up 55% YoY, while net interest income rose 13.2% to ₹2,391 crore.

Total income surged 18% year‑on‑year to ₹5,962 crore, up from ₹5,049 crore, and total assets grew 21% to ₹1,80,292 crore. Disbursements hit ₹16,499 crore, a 22% jump, with business assets up 15% to ₹1,46,512 crore.

Asset quality tightened: Stage‑3 assets fell to 3.4% from 3.9%, and Stage‑2 assets dropped to 4.7% from 5.8%. Collection efficiency improved to 97% from 96%, and non‑vehicle disbursements rose 52% YoY, covering SME loans and personal credit.

MD & CEO Raul Rebello said the Q2 performance "confirms that the changes we’re making translate into stronger, more consistent outcomes." He added that with 22% disbursement growth, 1.6% credit costs, and 55% profit lift, the firm is poised for disciplined execution toward its FY31 goals.