Mumbai: Mahindra & Mahindra Financial Services reported a standalone profit after tax of ₹881.52 crore for the second quarter of FY27, the quarter ended September 30, 2026, up 54.8 per cent from ₹569.31 crore in the same quarter a year earlier, according to its exchange filing reported by Kalkine and The Hindu BusinessLine.

Source: The Hindu BusinessLine

On a consolidated basis, net profit rose 60.9 per cent to ₹910.73 crore, from ₹566.07 crore a year earlier, ScanX reported. Standalone total income rose to ₹5,174.79 crore from ₹4,489.24 crore, driven primarily by higher interest income of ₹4,732.46 crore, according to the filing summary published by Kalkine.

Source: ScanX

₹881.52 croreStandalone Q2 profit
+54.8%Profit growth year-on-year
₹16,499 croreQuarterly disbursements, +22%
₹1,46,512 croreAssets under management, +15%

Loan disbursements grew 22 per cent year-on-year to ₹16,499 crore on a standalone basis, while business assets under management grew 15 per cent to ₹1,46,512 crore — yaani about ₹1.47 lakh crore — ScanX and other reports of the filing said.

Asset quality improved during the quarter. Gross Stage-3 assets — loans overdue by more than 90 days — improved to 3.42 per cent from 3.94 per cent a year earlier, while impairment on financial instruments declined to ₹629.51 crore from ₹751.38 crore, Kalkine reported from the filing. The Hindu BusinessLine likewise noted provisions and write-offs were cut by about 16 per cent to ₹630 crore.

The company's board approved the unaudited standalone and consolidated results for the quarter and half year ended September 30, 2026, at its meeting on October 21, 2026. Mahindra Finance is a non-banking financial company providing vehicle financing, SME lending and rural finance products across India.