M&M Financial disbursements rise 21% to ₹15,560 crore in Q1 FY27
Mahindra & Mahindra Financial Services Limited reported estimated disbursements of ₹15,560 crore for Q1 FY27, a 21% YoY increase, with business assets growing 12% to ₹1,37,300 crore. Collection efficiency remained stable at 95%, while Stage-3 and Stage-2 asset ratios improved year-on-year to 3.4%-3.5% and 4.9%-5.0%, respectively.

*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 |
|---|---|---|---|---|---|
| +0.90% | +2.30% | +7.76% | -21.32% | +19.03% | +109.64% |
Can the company sustain the 21% disbursement growth rate throughout the remainder of FY27 given the current economic environment?
How will the substantial liquidity chest of over ₹14,600 crore be utilized to support future expansion or yield improvements?
What strategies are in place to prevent the slight uptick in Stage-2 assets from deteriorating into Stage-3 non-performing assets?































