Mahindra & Mahindra Financial Services quarterly results

Q2 FY27 · Jul–Sep 2026

₹ crore	Q2 FY27	Q2 FY26	Change
Total income	5,962	5,049	+18.1%
Net interest income	2,563	2,279	+12.5%
Net profit	911	566	+60.9%
EPS	₹6.54	₹4.06	+61.1%

Every quarter

₹ crore except per share

Tap a line for its trend	Q2 FY27Sep 2026	Q1 FY27Jun 2026	Q4 FY26Mar 2026	Q3 FY26Dec 2025	Q2 FY26Sep 2025	Q1 FY26Jun 2025	Q4 FY25Mar 2025	Q3 FY25Dec 2024	Q2 FY25Sep 2024	Q1 FY25Jun 2024	Q4 FY24Mar 2024	Q3 FY24Dec 2023	Earlier quartersAlpha Plus

Expenses
Revenue from operations													Earlier quartersEvery year the company has filed comes with Alpha Plus.
	5,086	4,952	4,773	4,710	4,477	4,468	4,324	4,265	4,054	3,923	3,866	3,693
	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
	48.7	48.1	49.6	45.2	41.5	38.7	44.4	38.2	36.7	34.2	28.3	36.8
	305	246	280	260	203	166	180	151	119	78.2	79.1	45.9
	29.5	18.7	9.5	10.1	6.4	11.2	8.7	4.1	5.3	3.9	5.8	3.2
	0.0	0.0	0.0	0.0	0.0	0.0	1.9	0.0	0.0	0.0	0.0	0.0
	466	453	426	425	298	307	327	339	250	276	301	321
	5,936	5,718	5,539	5,450	5,026	4,991	4,886	4,797	4,465	4,316	4,280	4,100
	26.4	6.9	20.8	14.5	23.3	22.8	11.2	2.7	14.1	39.4	52.6	36.9
	5,962	5,725	5,560	5,464	5,049	5,013	4,897	4,799	4,479	4,355	4,333	4,137
	2,523	2,372	2,220	2,236	2,198	2,280	2,218	2,175	2,062	1,960	1,861	1,798
	411	384	377	390	273	278	286	295	223	241	259	257
	629	567	543	476	768	695	697	95.9	738	555	370	347
	666	673	641	631	603	634	608	597	558	592	560	567
	109	99.1	110	96.2	93.9	85.9	84.5	82.2	78.7	75.8	72.2	69.2
	422	410	425	414	371	357	410	337	311	289	331	286
	4,761	4,505	4,317	4,245	4,306	4,330	4,303	3,582	3,971	3,713	3,453	3,323
	2,563	2,580	2,553	2,474	2,279	2,188	2,106	2,090	1,992	1,963	2,005	1,895
	1,830	1,787	1,786	1,696	1,511	1,379	1,290	1,313	1,247	1,197	1,250	1,160
Profit
	1,202	1,220	1,243	1,219	743	683	594	1,217	509	642	880	814
	0.0	0.0	0.0	−133	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
	1,202	1,220	1,243	1,087	743	683	594	1,217	509	642	880	814
	318	301	319	227	267	170	199	263	183	176	198	179
	−5.6	13.7	−0.3	52.3	−74.3	5.0	−45.7	52.6	−50.5	−11.3	27.4	24.4
	313	315	319	279	193	175	153	315	133	164	225	203
	21.8	22.2	16.1	18.0	15.4	20.2	15.9	15.9	14.4	19.1	15.4	12.8
	911	927	940	826	566	529	456	918	390	497	671	623
	889	905	924	808	551	509	440	902	376	478	655	610
	30.6	10.6	102	7.7	37.4	11.3	26.0	56.0	13.8	12.8	22.2	12.8
	941	938	1,043	833	603	540	482	974	404	510	693	636
	909	926	938	824	564	528	457	918	389	498	670	623
	1.3	1.5	2.5	1.4	1.6	1.1	−1.0	0.1	0.6	−0.7	0.3	0.4
Per share
	₹6.54	₹6.66	₹6.75	₹5.93	₹4.06	₹4.06	₹3.70	₹7.43	₹3.15	₹4.03	₹5.43	₹5.05
	₹6.54	₹6.66	₹6.75	₹5.93	₹4.06	₹4.06	₹3.70	₹7.42	₹3.14	₹4.02	₹5.42	₹5.04
Other comprehensive income — detail
	30.6	10.6	102	7.7	37.4	11.3	26.0	56.0	13.8	12.8	22.2	12.8
	0.5	−24.6	23.0	−9.8	−3.2	−10.2	74.8	2.3	−7.0	6.6	−1.4	3.1
	0.1	−6.0	5.6	−2.5	−0.6	−2.6	18.9	—	—	—	—	—
	—	—	—	—	—	—	—	0.6	−1.9	1.7	−0.4	0.7
	34.3	39.5	95.8	16.2	40.7	25.8	−39.3	65.3	23.1	10.9	28.3	13.7
	4.0	10.3	11.1	1.2	0.7	6.9	−9.4	—	—	—	—	—
	—	—	—	—	—	—	—	11.0	4.3	2.9	5.1	3.3
	939	939	1,039	832	601	540	484	972	402	511	690	635
	2.6	−1.2	3.8	1.0	2.7	0.6	−1.5	1.4	1.7	−1.2	2.8	0.5
Per share — as-filed variants
	₹6.54	₹6.66	₹6.75	₹5.93	₹4.06	₹4.06	₹3.70	₹7.43	₹3.15	₹4.03	₹5.43	₹5.05
	₹6.54	₹6.66	₹6.75	₹5.93	₹4.06	₹4.06	₹3.70	₹7.42	₹3.14	₹4.02	₹5.42	₹5.04
Adjusted (ex-exceptional items) — derived
	1,202	1,220	1,243	1,219	743	683	594	1,217	509	642	880	814
	0.0	0.0	0.0	−133	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
	911	927	940	924	566	529	456	918	390	497	671	623
	₹6.54	₹6.66	₹6.75	₹6.64	₹4.06	₹4.06	₹3.70	₹7.43	₹3.15	₹4.03	₹5.43	₹5.05

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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₹276.95

Mahindra & Mahindra Financial Services Ltd.

· Banking & Finance

Annual Quarterly₹ CrorePeersCHOLAFIN SHRIRAMFIN LTF MOTILALOFS IREDA TATAINVEST ICICIAMC HUDCOMcap ₹38,484 Cr

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In ₹ Crore except Per Share 3 Months Ending	Q3 FY24 31/12/2023	Q4 FY24 31/03/2024	Q1 FY25 30/06/2024	Q2 FY25 30/09/2024	Q3 FY25 31/12/2024	Q4 FY25 31/03/2025	Q1 FY26 30/06/2025	Q2 FY26 30/09/2025	Q3 FY26 31/12/2025	Q4 FY26 31/03/2026	Q1 FY27 30/06/2026	Q2 FY27 30/09/2026
Revenue from Operations
+ Interest Income	3,692.7	3,865.8	3,923.1	4,054.2	4,265.1	4,324.1	4,468.3	4,476.7	4,709.8	4,773.4	4,952.2	5,086.3
+ Dividend Income	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
+ Rental Income	36.8	28.3	34.2	36.7	38.2	44.4	38.7	41.5	45.2	49.6	48.1	48.7
+ Fees & Commission Income	45.9	79.1	78.2	118.9	150.8	179.9	165.9	203.3	260.1	280.3	246.1	305.1
+ Net Gain on Fair Value Changes	3.2	5.8	3.9	5.3	4.1	8.7	11.2	6.4	10.1	9.5	18.7	29.5
+ Net Gain on Derecognition — Amortised Cost	0.0	0.0	0.0	0.0	0.0	1.9	0.0	0.0	0.0	0.0	0.0	0.0
+ Sale of Services	321.5	301.4	276.1	250.2	338.5	326.7	306.6	298.5	424.7	426.0	452.8	466.2
Revenue from Operations	4,100.1	4,280.3	4,315.5	4,465.2	4,796.8	4,885.6	4,990.6	5,026.2	5,449.8	5,538.7	5,717.9	5,935.7
Other Income	36.9	52.6	39.4	14.1	2.7	11.2	22.8	23.3	14.5	20.8	6.9	26.4
Total Income	4,137.0	4,332.9	4,354.9	4,479.2	4,799.5	4,896.8	5,013.4	5,049.5	5,464.3	5,559.5	5,724.8	5,962.1
Expenses
+ Finance Costs	1,797.8	1,860.9	1,960.3	2,062.4	2,174.9	2,217.8	2,280.0	2,197.7	2,236.0	2,219.9	2,372.1	2,523.0
+ Fees & Commission Expense	256.5	258.5	241.0	222.7	295.1	286.4	277.8	272.7	390.4	376.8	383.7	410.9
+ Impairment on Financial Instruments	346.9	369.6	554.6	738.1	95.9	696.8	695.1	768.0	476.5	543.3	567.3	628.5
+ Employee Benefit Expense	566.8	560.1	591.6	558.2	597.0	608.1	634.2	602.6	631.5	641.4	672.9	666.5
+ Depreciation & Amortisation	69.2	72.2	75.8	78.7	82.2	84.5	85.9	93.9	96.2	110.1	99.1	109.3
+ Other Expenses	286.2	331.4	289.2	310.6	337.2	409.7	357.1	371.3	414.3	425.1	409.7	422.4
Total Expenses	3,323.4	3,452.7	3,712.5	3,970.7	3,582.4	4,303.2	4,330.0	4,306.2	4,244.8	4,316.5	4,504.8	4,760.6
Net Interest Income	1,894.9	2,004.9	1,962.7	1,991.7	2,090.2	2,106.3	2,188.3	2,279.0	2,473.8	2,553.5	2,580.1	2,563.3
Pre-provision Operating Profit (derived)	1,160.5	1,249.9	1,197.0	1,246.7	1,313.0	1,290.4	1,378.5	1,511.3	1,695.9	1,786.3	1,787.3	1,830.1
Profit
PBT before Exceptional Items	813.6	880.3	642.4	508.6	1,217.1	593.6	683.4	743.3	1,219.5	1,243.0	1,220.0	1,201.6
+ Exceptional Items	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-133.0	0.0	0.0	0.0
Pretax Income	813.6	880.3	642.4	508.6	1,217.1	593.6	683.4	743.3	1,086.5	1,243.0	1,220.0	1,201.6
+ Current Tax	179.0	197.7	175.8	183.5	262.7	198.9	169.7	266.9	226.6	318.9	301.0	318.2
+ Deferred Tax	24.4	27.4	-11.3	-50.5	52.6	-45.7	5.0	-74.3	52.3	-0.3	13.7	-5.6
Tax Expense	203.4	225.1	164.5	132.9	315.4	153.3	174.6	192.7	278.9	318.6	314.7	312.6
+ Share of Associates & JVs	12.8	15.4	19.1	14.4	15.9	15.9	20.2	15.4	18.0	16.1	22.2	21.8
Net Income	623.0	670.6	497.0	390.0	917.6	456.2	529.0	566.1	825.6	940.5	927.5	910.7
+ Net Income — Continuing Ops	610.2	655.2	477.9	375.6	901.7	440.3	508.8	550.6	807.6	924.4	905.3	888.9
+ Other Comprehensive Income	12.8	22.2	12.8	13.8	56.0	26.0	11.3	37.4	7.7	102.0	10.6	30.6
Total Comprehensive Income	635.7	692.9	509.9	403.8	973.6	482.2	540.3	603.4	833.3	1,042.5	938.1	941.4
Net Income to Common	622.6	670.4	497.7	389.4	917.6	457.2	527.9	564.5	824.2	938.0	926.0	909.4
Minority Interest	0.4	0.3	-0.7	0.6	0.1	-1.0	1.1	1.6	1.4	2.5	1.5	1.3
Per Share
Basic EPS	5.05	5.43	4.03	3.15	7.43	3.70	4.06	4.06	5.93	6.75	6.66	6.54
Diluted EPS	5.04	5.42	4.02	3.14	7.42	3.70	4.06	4.06	5.93	6.75	6.66	6.54
Other Comprehensive Income — detail
+ Other Comprehensive Income	12.8	22.2	12.8	13.8	56.0	26.0	11.3	37.4	7.7	102.0	10.6	30.6
+ Items NOT to be Reclassified to P&L	3.1	-1.4	6.6	-7.0	2.3	74.8	-10.2	-3.2	-9.8	23.0	-24.6	0.5
+ Tax on Items NOT to be Reclassified	—	—	—	—	—	18.9	-2.6	-0.6	-2.5	5.6	-6.0	0.1
+ Tax on Items NOT to be Reclassified — alt tag	0.7	-0.4	1.7	-1.9	0.6	—	—	—	—	—	—	—
+ Items to be Reclassified to P&L	13.7	28.3	10.9	23.1	65.3	-39.3	25.8	40.7	16.2	95.8	39.5	34.3
+ Tax on Items to be Reclassified	—	—	—	—	—	-9.4	6.9	0.7	1.2	11.1	10.3	4.0
+ Tax on Items to be Reclassified — alt tag	3.3	5.1	2.9	4.3	11.0	—	—	—	—	—	—	—
Comprehensive Income — Owners of Parent	635.2	690.0	511.1	402.1	972.2	483.7	539.6	600.8	832.3	1,038.7	939.3	938.8
Comprehensive Income — Non-controlling Interests	0.5	2.8	-1.2	1.7	1.4	-1.5	0.6	2.7	1.0	3.8	-1.2	2.6
Per Share — as-filed variants
Basic EPS — Continuing Operations	5.05	5.43	4.03	3.15	7.43	3.70	4.06	4.06	5.93	6.75	6.66	6.54
Diluted EPS — Continuing Operations	5.04	5.42	4.02	3.14	7.42	3.70	4.06	4.06	5.93	6.75	6.66	6.54
Adjusted (ex-Exceptional Items) — derived
Pretax Income (Adjusted, as filed)	813.6	880.3	642.4	508.6	1,217.1	593.6	683.4	743.3	1,219.5	1,243.0	1,220.0	1,201.6
− Exceptional Items (reconciliation)	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-133.0	0.0	0.0	0.0
Net Income Adj (tax-effected)	623.0	670.6	497.0	390.0	917.6	456.2	529.0	566.1	924.4	940.5	927.5	910.7
EPS Adj	5.05	5.43	4.03	3.15	7.43	3.70	4.06	4.06	6.64	6.75	6.66	6.54
Other Filed Concepts — mapped but not yet placed in the schedule
Face Value	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00
Filed Debt Equity	5.00	5.00	5.00	5.00	5.00	5.53	4.68	4.90	4.81	4.82	4.97	5.44
Paid Up Equity Capital	246.9	246.9	246.9	246.9	247.0	247.0	277.9	277.9	277.9	277.9	277.9	277.9

As filed, sign as filed — read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown, so depth follows the filer: pre-Ind-AS, insurance and NBFC blocks stay hidden unless they were actually reported. Alternate tags for the same idea (e.g. two spellings of a deferred-tax element) are kept as separate lines rather than merged, because merging them would be a guess. Ratios, per-share figures and counts render as raw numbers, not ₹ Crore. No consensus estimates → no Est columns. Click any row to chart it.

« ‹ › »Latest: Q2 FY27 · 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%.

M&M Finance Q2 FY27 results (July–September 2026)

Filed with NSE on Wednesday, 21 October 2026 at 5:45 pm IST

Mahindra & Mahindra Financial Services (NSE: M&MFIN) reported its Q2 FY27 results (July–September 2026) on Wednesday, 21 October 2026 at 5:45 pm IST. Consolidated net profit attributable to shareholders was ₹909 crore, up 61.1% from ₹564 crore in Q2 FY26 and down 1.8% from ₹926 crore in Q1 FY27. Revenue from operations was ₹5,936 crore, up 18.1% year on year and up 3.8% from the previous quarter.

Q2 FY26 results (a year earlier): 28 October 2025
Q3 FY27 results due by: 14 February 2027

Q2 FY27 at a glance · consolidated

Net profit (shareholders'): ₹909 Cr+61.1% vs Q2 FY26−1.8% vs Q1 FY27Total incl. minority interest ₹911 Cr
Revenue from operations: ₹5,936 Cr+18.1% vs Q2 FY26+3.8% vs Q1 FY27
Earnings per share (basic): ₹6.54+61.1% vs Q2 FY26−1.8% vs Q1 FY27
Net profit margin: 15.3%+4.1 pts vs Q2 FY26−0.9 pts vs Q1 FY27

Questions

What was M&M Finance's net profit in Q2 FY27?

Consolidated net profit attributable to shareholders was ₹909 crore, up 61.1% from ₹564 crore in Q2 FY26 and down 1.8% from ₹926 crore in Q1 FY27. Including the minority shareholders' share, total profit was ₹911 crore.

How were M&M Finance's Q2 FY27 results?

Both grew from a year earlier: net profit was up 61.1% at ₹909 crore and revenue was up 18.1% at ₹5,936 crore. Against Q1 FY27, net profit was down 1.8% and revenue up 3.8%.

What is M&M Finance's net profit margin?

M&M Finance's net profit margin was 15.3% in Q2 FY27 (net profit attributable to shareholders as a share of revenue from operations), against 11.2% in Q2 FY26 (up 4.1 percentage points). For FY26 as a whole it was 13.6%.

What was M&M Finance's revenue in Q2 FY27?

Revenue from operations was ₹5,936 crore, up 18.1% year on year and up 3.8% from the previous quarter.

What was M&M Finance's EPS in Q2 FY27?

Basic earnings per share were ₹6.54, against ₹4.06 in Q2 FY26.

What was M&M Finance's revenue in FY26?

Revenue from operations was ₹21,005 crore in FY26 (April 2025–March 2026), up 13.8% from ₹18,463 crore in FY25. It was ₹15,797 crore in FY24 and ₹12,700 crore in FY23: up 65.4% over three years, 18.3% a year on average.

What was M&M Finance's net profit in the first half of FY27?

Consolidated net profit attributable to shareholders for the first half of FY27 (April–September 2026) was ₹1,835 crore, up 68.0% from ₹1,092 crore in the same months a year earlier. Revenue from operations was ₹11,654 crore, up 16.3%.

What was M&M Finance's net profit in FY26?

Consolidated net profit attributable to shareholders was ₹2,855 crore in FY26 (April 2025–March 2026), up 26.2% from ₹2,262 crore in FY25. It was ₹1,933 crore in FY24 and ₹2,072 crore in FY23: up 37.7% over three years, 11.3% a year on average.

When will M&M Finance announce its Q3 FY27 results?

Q3 FY27 covers October–December 2026. Listed companies must publish quarterly results within 45 days of the quarter's end (SEBI listing rules, Regulation 33), so the results are due by 14 February 2027. The company tells the exchanges the date of the board meeting at least two working days before it.

How has M&M Finance's profit changed over the last four quarters?

Net profit attributable to shareholders by quarter: ₹824 crore in Q3 FY26, ₹938 crore in Q4 FY26, ₹926 crore in Q1 FY27 and ₹909 crore in Q2 FY27. That is ₹3,598 crore over the four quarters, up 45.8% from ₹2,467 crore in the four quarters before. Revenue from operations: ₹5,450 crore, ₹5,539 crore, ₹5,718 crore and ₹5,936 crore.

When did M&M Finance announce its Q2 FY27 results?

On Wednesday, 21 October 2026 at 5:45 pm IST, in its results filing to the stock exchanges. A year earlier it reported Q2 FY26 on 28 October 2025.

Where do these M&M Finance figures come from?

From Mahindra & Mahindra Financial Services' own consolidated results filings to NSE, in ₹ crore as filed (Q2 FY27 on 21 October 2026). Growth compares the same consolidated figures a year and a quarter earlier.

Consolidated figures from the company's filings to NSE. Every company's results dates this season are in the Q2 FY27 results calendar, part of Alpha Plus.