M&M Financial disbursements rise 21% to ₹15,560 crore in Q1 FY27
Mahindra & Mahindra Financial Services Limited estimated overall disbursements at approximately ₹15,560 crore for Q1 FY27, a 21% year-on-year increase excluding finance lease. Business assets grew by 12% to ₹1,37,300 crore over June 2025, supported by a liquidity chest of over ₹14,600 crore. Collection Efficiency remained stable at 95%, while Stage-3 assets were estimated between 3.4% and 3.5% as at June 30, 2026.

*this image is generated using AI for illustrative purposes only.
Mahindra & Mahindra Financial Services Limited estimated overall disbursements at approximately ₹15,560 crore for Q1 FY27, representing a year-on-year growth of 21% compared to the previous year, excluding finance lease. Business assets reached approximately ₹1,37,300 crore, growing by 12% over June 2025, as the company maintained a comfortable liquidity position with a liquidity chest of over ₹14,600 crore.
Asset Quality and Collection Efficiency
The Collection Efficiency (CE) is estimated at 95% for Q1 FY27, remaining stable compared to 95% in Q1 FY26. As at June 30, 2026, Stage-3 assets are estimated in the range of 3.4% to 3.5%, compared to 3.4% as at March 31, 2026, and 3.8% as at June 30, 2025. Stage-2 assets are estimated in the range of 4.9% to 5.0%, versus 4.8% as at March 31, 2026, and 5.9% as at June 30, 2025.
Key Performance Indicators
| Metric | Q1 FY27 | Period Comparison |
|---|---|---|
| Disbursements | ₹15,560 crore | ~21% YoY growth (excluding finance lease) |
| Business Assets | ₹1,37,300 crore | ~12% growth over June 2025 |
| Collection Efficiency | 95% | 95% in Q1 FY26 |
| Stage-3 Assets | 3.4% - 3.5% | 3.4% (Mar 31, 2026); 3.8% (Jun 30, 2025) |
| Stage-2 Assets | 4.9% - 5.0% | 4.8% (Mar 31, 2026); 5.9% (Jun 30, 2025) |
| Liquidity Chest | > ₹14,600 crore | - |
Historical Stock Returns for M&M Financial Services
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.06% | +13.97% | +25.99% | +2.75% | +39.47% | +146.52% |
Can the company sustain the 21% disbursement growth rate throughout FY27 given the current liquidity reserves?
What impact might potential interest rate changes have on the future Collection Efficiency and asset quality?
How will the slight increase in Stage-2 assets influence credit provisioning and net profitability in the coming quarters?


































