Mahindra Finance Q2 FY27 consolidated PAT Rs 911.00 cr, up 61% YoY
Mahindra & Mahindra Financial Services Ltd reported Q2 FY27 consolidated revenue from operations of Rs 5,936.00 cr and PAT of Rs 911.00 cr, versus Rs 5,026.00 cr and Rs 566.00 cr in Q2 FY26.
Key takeaways
- Revenue from operations (consolidated) was Rs 5,936.00 cr vs Rs 5,026.00 cr in Q2 FY26.
- Finance cost (consolidated) rose to Rs 2,523.00 cr from Rs 2,198.00 cr a year earlier.
- Total income (consolidated) increased to Rs 3,439.00 cr vs Rs 2,852.00 cr in Q2 FY26.
- Provisions and write-offs (consolidated) were Rs 629.00 cr vs Rs 768.00 cr in Q2 FY26.
- Consolidated PAT for Q2 FY27 was Rs 911.00 cr compared with Rs 566.00 cr in Q2 FY26.
Q2 FY27 · consolidated
| Metric | Sep 2026 | Sep 2025 | Change |
|---|---|---|---|
| Revenue | Rs 5,936.00 cr | Rs 5,026.00 cr | +18.1% |
| PAT | Rs 911.00 cr | Rs 566.00 cr | +61.0% |
As reported in the filing. Figures are transcribed, not computed.
What the numbers show
- Net margin was 15.35% of revenue, up 408 bps from 11.26%.
• Revenue from operations (consolidated): Rs 5,936.00 cr in Q2 FY27 vs Rs 5,026.00 cr in Q2 FY26, as per the consolidated profit and loss statement.
• Finance cost (consolidated): Rs 2,523.00 cr in Q2 FY27 vs Rs 2,198.00 cr in Q2 FY26.
• Net interest income – NII (consolidated): Rs 3,413.00 cr in Q2 FY27 vs Rs 2,829.00 cr in Q2 FY26.
• Other income (consolidated): Rs 26.00 cr in Q2 FY27 vs Rs 23.00 cr in Q2 FY26.
• Total income (consolidated): Rs 3,439.00 cr in Q2 FY27 vs Rs 2,852.00 cr in Q2 FY26.
• Employee benefits expense (consolidated): Rs 666.00 cr in Q2 FY27 vs Rs 603.00 cr in Q2 FY26.
• Other expenses (consolidated): Rs 833.00 cr in Q2 FY27 vs Rs 644.00 cr in Q2 FY26.
• Depreciation and amortization (consolidated): Rs 109.00 cr in Q2 FY27 vs Rs 94.00 cr in Q2 FY26.
• Total expenses (consolidated): Rs 1,609.00 cr in Q2 FY27 vs Rs 1,340.00 cr in Q2 FY26.
• Pre-provisioning operating profit – PPOP (consolidated): Rs 1,830.00 cr in Q2 FY27 vs Rs 1,511.00 cr in Q2 FY26.
• Provisions and write-offs (consolidated): Rs 629.00 cr in Q2 FY27 vs Rs 768.00 cr in Q2 FY26.
• Profit before exceptional items (consolidated): Rs 1,202.00 cr in Q2 FY27 vs Rs 743.00 cr in Q2 FY26.
• Exceptional items (consolidated): Rs - in Q2 FY27 vs Rs - in Q2 FY26.
• Share of profit of associates (consolidated): Rs 22.00 cr in Q2 FY27 vs Rs 15.00 cr in Q2 FY26.
• Profit before taxes (consolidated): Rs 1,223.00 cr in Q2 FY27 vs Rs 759.00 cr in Q2 FY26.
• Tax expense (consolidated): Rs 313.00 cr in Q2 FY27 vs Rs 193.00 cr in Q2 FY26.
• Net profit after taxes – PAT (consolidated): Rs 911.00 cr in Q2 FY27 vs Rs 566.00 cr in Q2 FY26.
According to the consolidated statement of profit and loss in the earnings presentation, revenue from operations rose to Rs 5,936.00 cr in Q2 FY27 from Rs 5,026.00 cr in Q2 FY26, while finance cost increased to Rs 2,523.00 cr from Rs 2,198.00 cr over the same period. This lifted consolidated net interest income to Rs 3,413.00 cr in Q2 FY27 compared with Rs 2,829.00 cr a year earlier. Other income was Rs 26.00 cr versus Rs 23.00 cr, taking total income to Rs 3,439.00 cr in Q2 FY27 against Rs 2,852.00 cr in Q2 FY26.
On the cost side, employee benefits expense increased to Rs 666.00 cr in Q2 FY27 from Rs 603.00 cr in Q2 FY26, and other expenses moved up to Rs 833.00 cr from Rs 644.00 cr. Depreciation and amortization rose to Rs 109.00 cr from Rs 94.00 cr. Total expenses therefore stood at Rs 1,609.00 cr in Q2 FY27 versus Rs 1,340.00 cr a year earlier, and pre-provisioning operating profit improved to Rs 1,830.00 cr from Rs 1,511.00 cr.
Provisions and write-offs declined to Rs 629.00 cr in Q2 FY27 from Rs 768.00 cr in Q2 FY26, resulting in profit before exceptional items of Rs 1,202.00 cr compared with Rs 743.00 cr. There were no exceptional items reported in either quarter in the consolidated profit and loss statement. Share of profit of associates increased to Rs 22.00 cr from Rs 15.00 cr, taking profit before taxes to Rs 1,223.00 cr in Q2 FY27 versus Rs 759.00 cr in Q2 FY26. After a tax expense of Rs 313.00 cr against Rs 193.00 cr a year earlier, consolidated net profit after taxes for Q2 FY27 was Rs 911.00 cr, up from Rs 566.00 cr in Q2 FY26.
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