India's Mahindra Finance rises after quarterly profit more than doubles

Mahindra and Mahindra Financial Services

27/04/2026 05:45

** Shares of Mahindra and Mahindra Financial Services Ltd MMFS.NS rise as much as 12.4% to 331 rupees

** The non-banking finance company's fourth-quarter net profit more than doubled y/y to 9.38 billion rupees ($99.5 mln); revenue up 10.4%

** Jefferies says asset quality improved, aided by quarterly seasonality, but weak monsoon outlook is a risk in FY27; sees 13.4% AUM growth, steady NIM driving 15% PAT CAGR over FY27-28

** While decline in net slippages is encouraging, levers on disbursement, AUM growth are still lagging - Asian Markets Securities

** Q4 AUM growth of 12% Y/Y was on expected lines, driven by growth in PV book, tractor book; Competitive pricing pressure is clearly visible - Ambit Institutional Equities

** Mean rating of stock is 'buy'- data compiled by LSEG

** MMFS last up 6.7%, cutting YTD losses to 27%

($1 = 94.2538 Indian rupees)

 (Reporting by Meenakshi Maidas in Bengaluru)

 ((meenakshi.maidas@thomsonreuters.com;))