Mahindra & Mahindra Financial Suppliers Ltd., a non-bank lender, reported a 9% fall in standalone web income to Rs 563 crore for the quarter ended March of fiscal 2025 compared with Rs 619 crore income recorded within the similar interval last 12 months.
For fiscal 2025, the company’s post-tax income surged 33% to Rs 2,345 crore, compared with Rs 1,760 crore in fiscal 2024.
Its core web curiosity income grew to Rs 2,156 crore, denoting a 9% rise pushed by a 17% surge inside the mortgage e-book. The company’s curiosity margin narrowed to 6.5% from 7.1% last 12 months.
Disbursements rose 2% by way of the quarter, whereas provisions or credit score rating costs elevated 34% to Rs 457 crore, up from Rs 341 crore last 12 months, impacting the underside line.
On the asset prime quality entrance, the GS2+GS3 ratio stood at 9.1%, with stage 3 at 3.7%. The company’s capital adequacy ratio remained sturdy at 18.3%, and it maintained a liquidity buffer of Rs 10,400 crore.
(With PTI Inputs)