Q1 2026 Mahindra and Mahindra Financial Services Ltd Earnings Call Transcript
Key Points
- Mahindra & Mahindra Financial Services Ltd (BOM:532720) reported a standout growth in the tractor lending business with a 21% disbursement increase, gaining market share in this segment.
- The company managed to keep its pricing within yields despite intense competition, maintaining steady margins.
- Asset quality remained stable with GS2 plus GS3 at 9.7%, the same as Q1 last year, indicating effective collection performance.
- The mortgage subsidiary, MRHFL, reported a PAT positive quarter, showing signs of a successful turnaround.
- The company successfully migrated to a new cloud-based loan management system, enhancing operational stability and digital versatility.
- The lending environment was mixed, with softening in entry-level passenger vehicles and some commercial vehicle segments.
- There was a decline in disbursements in the SME business, although the book grew by 28%.
- Credit costs saw a marginal increase, attributed to a rise in the coverage ratio.
- The CV business experienced a degrowth, with the company calibrating its participation due to margin concerns.
- Overall disbursement growth was flattish at 1%, reflecting subdued performance in several segments.
Good evening, ladies and gentlemen. Please note, this call is not for media representative, investment bankers or commercial bankers, including corporates and commercial FX. All such individuals are instructed to disconnect now. A replay will be available for investment bankers and commercial bankers, including corporates and commercial FX. This replay is not available to the media.
Good day, and welcome to the Mahindra & Mahindra Financial Services Limited Q1 FY26 Earnings Conference Call. This call will be recorded, and the recording will be made public by the company pursuant to its regulator obligations.
Certain personal information such as your name and organization may be asked during the call. If you do not wish to disclose, please immediately discontinue this call.
[Operator Instructions]. Please note that this conference is being recorded. I now hand the conference over to Mr. Abhijit Tibrewal from Motilal Oswal. Please go ahead, sir.
Yes. Thank you,
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
