M&M Financial Q3 update: disbursements seen up 7%, assets up 12%

Mahindra & Mahindra Financial Services on Saturday, January 3, said it estimates December-quarter disbursements at around ₹17,600 crore, a 7% year-on-year increase, while business assets rose about 12% to nearly ₹1.29 lakh crore as of December 31, 2025.

In its Q3 FY26 business update to the exchanges, the NBFC said disbursements for the nine months ended December are estimated at ₹43,900 crore, up 4% year-on-year, excluding finance leases.

Asset quality remained largely stable during the quarter. Collection efficiency is estimated at 95%, unchanged from the year-ago period. Stage-3 assets are estimated in the range of 3.9% to 4.0% as of December-end, compared with 3.9% as of September 30, 2025.

Read more: J&K Bank reports double-digit growth in total business in Q3

Early delinquencies showed improvement, with Stage-2 assets estimated at 5.4–5.5%, down from 5.8% in the September quarter and 6.3% a year earlier, the company said.

M&M Finance also reported a comfortable liquidity position, with a liquidity buffer of over ₹8,850 crore on its balance sheet as of December 31.

The company will announce its detailed financial results for the December quarter at a later date.

Shares of the NBFC ended 0.61% lower at ₹401.70 on Friday, ahead of the update.