Mahindra & Mahindra Financial Services cash flow

Latest FY26

Cash from operations: −₹12,772cr−₹15,602 cr in FY25
Cash from investing: ₹770cr−₹1,077 cr in FY25
Cash from financing: ₹10,637cr−39.6% on FY25
Capital spending: ₹416cr−5.8% on FY25

₹ crore except per share

Tap a line for its trend	Last 12Mto Sep 2026	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus

Cash from operating activities
Adjustments to reconcile profit — non-cash items						FY22 and earlierEvery year the company has filed comes with Alpha Plus.
	—	386	321	275	226
	—	2,625	2,133	2,020	1,234
	—	8,950	8,562	6,935	5,083
	—	−18,301	−16,531	−14,391	−12,081
	—	−14.7	−110	7.5	0.0
	—	14.3	5.9	5.9	10.0
	—	544	37.7	−76.5	96.9
	—	−34.1	−17.7	−7.0	−178
	—	0.0	0.0	0.9	0.0
	—	133	0.0	0.0	56.1
	4,751	3,756	2,962	2,532	2,760
	—	−5,697	−5,598	−5,230	−5,553
	—	−1,941	−2,637	−2,698	−2,793
	—	16,013	12,857	14,053	12,284
	—	8,876	6,522	6,925	5,202
	—	−17,186	−18,429	−22,051	−21,151
	—	783	870	827	534
	—	−12,772	−15,602	−18,449	−17,395
Cash from investing activities
	—	416	442	323	413
	—	68.0	69.1	52.8	14.8
	—	56,944	23,294	7,215	8,211
	—	57,214	21,740	9,614	6,185
	—	0.0	0.0	206	0.0
	—	0.0	0.0	0.0	0.0
	—	848	850	748	789
	—	0.1	−0.1	0.0	−0.0
	—	770	−1,077	2,670	−1,635
Cash from financing activities
	—	2,989	0.0	0.0	0.0
	—	73,653	76,945	58,766	52,885
	—	64,967	58,447	41,826	33,520
	—	134	115	105	68.7
	—	903	778	740	444
	—	10,637	17,605	16,095	18,852
	—	−1,365	927	317	−179
	—	0.4	0.2	0.4	0.1
	—	−1,365	927	317	−179
	—	—	—	904	587
Reference items
	—	−13,188	−16,044	−18,772	−17,809
	—	−3,911	4,730	−1,881	—
	—	−₹94.91	−₹115.46	−₹135.09	−₹128.16
	—	−4.46×	−6.90×	−9.49×	−8.40×
	—	783	870	827	534
	—	8,876	6,522	6,925	5,202

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From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

M&MFIN₹264.80

Mahindra & Mahindra Financial Services Ltd.

· Banking & Finance

₹ CrorePeersCHOLAFIN SHRIRAMFIN LTF MOTILALOFS IREDA TATAINVEST ICICIAMC HUDCOMcap ₹36,795 Cr

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In ₹ Crore except Per Share 12 Months Ending	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/09/2026
Adjustments to Reconcile Profit — Non-cash Items
+ Depreciation & Amortisation	226.0	274.9	321.2	386.1	—
+ Impairment Loss / (Reversal)	1,233.6	2,020.5	2,133.1	2,624.8	—
+ Finance Costs	5,082.9	6,934.8	8,561.9	8,950.3	—
+ Interest Income	-12,080.6	-14,391.4	-16,530.9	-18,301.3	—
+ Fair Value (Gains) / Losses	0.0	7.5	-109.6	-14.7	—
+ Share-based Payments	10.0	5.9	5.9	14.3	—
+ Unrealised FX (Gain) / Loss	96.9	-76.5	37.7	544.4	—
+ Other Non-cash Items	-177.8	-7.0	-17.7	-34.1	—
+ Other — Cash Effects are Investing / Financing	0.0	0.9	0.0	0.0	—
+ Other Reconciling Items	56.1	0.0	0.0	133.0	—
Cash from Operating Activities
Profit Before Tax (per I/S)	2,760.4	2,532.1	2,961.7	3,756.3	4,751.1
+ Total Adjustments (incl. Working Capital)	-5,553.1	-5,230.5	-5,598.5	-5,697.3	—
Cash from Operations (pre-tax)	-2,792.6	-2,698.4	-2,636.8	-1,941.0	—
+ Interest Received — Operating	12,283.7	14,052.6	12,856.6	16,013.5	—
+ Interest Paid — Operating	5,201.6	6,925.2	6,522.0	8,876.0	—
+ Other Inflows / (Outflows) — Operating	-21,151.0	-22,050.8	-18,429.4	-17,186.0	—
+ Income Taxes Paid	533.8	826.7	870.2	782.6	—
Cash from Operating Activities	-17,395.3	-18,448.6	-15,601.9	-12,772.2	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	413.3	323.3	441.9	416.3	—
+ Disp of Fixed Assets	14.8	52.8	69.1	68.0	—
+ Purchase of Investments (Equity / Debt)	8,211.3	7,214.6	23,293.6	56,944.2	—
+ Sale of Investments (Equity / Debt)	6,185.1	9,614.1	21,739.6	57,213.7	—
+ Acq of Subsidiaries / Businesses (net)	0.0	206.4	0.0	0.0	—
+ Dividends Received — Investing	0.0	0.0	0.0	0.0	—
+ Interest Received — Investing	789.4	747.6	850.0	848.1	—
+ Other Inflows / (Outflows) — Investing	-0.0	0.0	-0.1	0.1	—
Cash from Investing Activities	-1,635.4	2,670.3	-1,076.9	769.5	—
Cash from Financing Activities
+ Proceeds from Issue of Shares	0.0	0.0	0.0	2,988.6	—
+ Proceeds from Borrowings	52,884.9	58,765.7	76,945.4	73,652.8	—
+ Repayment of Borrowings	33,520.2	41,825.7	58,447.4	64,966.9	—
+ Payment of Lease Liabilities	68.7	105.2	114.8	133.7	—
+ Dividends Paid	444.0	739.9	777.8	903.5	—
Cash from Financing Activities	18,852.0	16,094.9	17,605.3	10,637.2	—
Net Changes in Cash (pre-FX)	-178.7	316.6	926.6	-1,365.5	—
+ Effect of FX Rate Changes on Cash	0.1	0.4	0.2	0.4	—
Net Changes in Cash	-178.7	317.0	926.7	-1,365.1	—
Closing Cash	586.5	903.5	—	—	—
Reference Items
Free Cash Flow (CFO − Capex)	-17,808.6	-18,771.9	-16,043.8	-13,188.5	—
Free Cash Flow to Equity	—	-1,881.3	4,730.3	-3,911.3	—
Free Cash Flow per Basic Share	-128.16	-135.09	-115.46	-94.91	—
Cash Flow to Net Income	-8.40	-9.49	-6.90	-4.46	—
Cash Paid for Taxes	533.8	826.7	870.2	782.6	—
Cash Paid for Interest	5,201.6	6,925.2	6,522.0	8,876.0	—

As filed, sign as filed: a payment tagged as a positive magnitude in the filing stays positive here, so read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown — depth follows the filer, so a thin statement means a thin filing. Total Adjustments is the filer's own grand total of the reconciliation and spans BOTH the non-cash items and the working-capital block; Profit Before Tax plus it equals Cash from Operations (pre-tax). It can be reported when its components are not, so it is never a sum of the rows above it. No consensus estimates → no Est columns. Click any row to chart it.

« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave

Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.