India's Mahindra and Mahindra Financial falls on Q3 growth slowdown

Mahindra and Mahindra Financial Services

05/01/2026 08:51

** Shares of Mahindra and Mahindra Financial Services MMFS.NS fall 4.3% to 386.1 rupees

** Financial services company, which disburses loans for tractors and passenger vehicles, posted slowdown in Q3 business assets growth to 12% from 18% the year before

** Motilal Oswal says vehicle finance disbursements picked up during the quarter due to GST rate cuts and festive-season demand, but the GST-driven boost in the two-wheeler segment eased in December

** Brokerage notes that demand in used vehicle segment remained weak, as lenders and sellers took a wait-and-watch approach after GST cuts led to some price corrections

** Stock rated "Buy" on average by 32 analysts; median PT at 320 rupees, per data compiled by LSEG

** Stock rose 56.3% in 2025

 (Reporting by Mridula Kumar in Bengaluru)

 ((Mridula.Kumar@thomsonreuters.com;))