The Board of Directors of Mahindra & Mahindra Financial Services Limited (Mahindra Finance), a leading provider of financial services in Emerging India, at its meeting held today, announced the unaudited financial results for the quarter ended December 31, 2024 (Q3FY25).
Standalone:
Key Highlights:
- AUM (Business assets): ₹ 1,15,126 crores v/s ₹ 97,048 crores, YoY 19%á
- Mahindra Finance’s Q3 FY25 profit increased by 63% YoY to Rs. 899 crore
- Disbursement: ₹ 16,467 crores v/s ₹ 15,436 crores, YoY 7%á ; YoY 4% á for 9M FY25
- Total Income: ₹ 4,144 crores v/s ₹ 3,490 crores, YoY 19% á ; YoY 20% á for 9M FY25
- While Market Share in Tractors was stable there was stiff competition in Passenger Vehicle, CV and Used vehicle business
- Asset quality: GS2+GS3 @ 10.2%. Stage-3 @3.9%. Credit Cost: 0.0% v/s 1.2% (Q3FY24)
- Capital Adequacy healthy at 17.8%, Tier-1 Capital @ 15.1%. Provision coverage on Stage 3 loans prudent at 50.1%. Total liquidity buffer comfortable at ₹ 9,322 crores
Mahindra Finance FY 2025 Q3 Standalone Results:
| Q3FY25 Results
(₹. Crores) |
Q3 FY25 | Q3 FY24 | YoY % | Q2 FY25 | QoQ % | 9M FY25 | 9M FY24 | YoY % |
| Total Income (TI) | 4,144 | 3,490 | 19% | 3,925 | 6% | 11,830 | 9,856 | 20% |
| Net Interest Income (NII) | 2,099 | 1,815 | 16% | 1,991 | 5% | 6,021 | 5,164 | 17% |
| NII Margin
(as % of Avg. Total Assets) |
6.6% | 6.8% | 6.5% | 6.6% | 6.7% | |||
| Pre-Provisioning Operating Profit (PPOP) | 1,222 | 1,062 | 15% | 1,196 | 2% | 3,552 | 3,005 | 18% |
| Credit Costs | 9 | 328 | (97%) | 703 | (99%) | 1,161 | 1,481 | (22%) |
| Credit Costs
(as % of Avg. Total Assets) |
0.0% | 1.2% | 2.3% | 1.3% | 1.9% | |||
| Profit After Tax | 899 | 553 | 63% | 369 | 143% | 1,782 | 1,141 | 56% |
| ROA
(as % of Avg. Total Assets) |
2.8% | 2.1% | 1.2% | 2.0% | 1.5% | |||
| Disbursements | 16,467 | 15,436 | 7% | 13,162 | 25% | 42,370 | 40,916 | 4% |
| Gross Loan Book (Closing) | 1,15,126 | 97,048 | 19% | 1,12,454 | 2% | 1,15,126 | 97,048 | 19% |
Consolidated:
Mahindra Finance FY 2025 Q3 Consolidated Results
| Q3FY25 Results (₹ Crores) | Q3 FY25 | Q3 FY24 | YoY % | 9M FY25 | 9M FY24 | YoY% | |
| Total Income (TI) | 4,799 | 4,137 | 16% | 13,634 | 11,637 | 17% | |
| Profit After Tax | 918 | 623 | 47% | 1,805 | 1,272 | 42% | |
| Disbursements | 17,168 | 16,094 | 7% | 44,413 | 42,473 | 5% |
Subsidiaries: Key Points:
Mahindra Rural Housing Finance Limited (MRHFL)
| Q3 FY25 Results (in crores) | Q3 FY25 | Q3 FY24 | YoY % | 9M FY25 | 9M FY24 | YoY% | |
| Total Income | 297 | 311 | (5%) | 901 | 984 | (8%) | |
| Profit Before Tax | (35) | 19 | – | (101) | 4 | – | |
| Profit After Tax | (27) | 13 | – | (76) | 2 | – | |
| Loans & Advances (net) | 7,026 | 6,693 | 5% | 7,026 | 6,693 | 5% | |
| Gross Stage 3 % | 9.4% | 11.6% | 9.4% | 11.6% |
