Mahindra & Mahindra Financial Services Ltd
Mahindra & Mahindra Financial Services Ltd (M&MFIN) is scheduled to report results on 21 Oct 2026. Mahindra & Mahindra Financial Services Ltd last reported results for the quarter ended Jun 2026, with sales of ₹5,718 crore and net profit of ₹927 crore. The stock last traded at ₹325, a market capitalisation of ₹45,181 crore, on a P/E of 13.5. Over the past 52 weeks the stock has ranged between ₹272 and ₹415. Figures are as of 6 Oct 2026 and are not real time.
Mahindra & Mahindra Financial Services Ltd share price and key metrics
- Current price
- ₹325
- Market cap
- ₹45,181 cr
- Stock P/E
- 13.5
- Book value
- ₹192
- ROE
- 12.3%
- ROCE
- 8.72%
- Dividend yield
- 2.26%
- 52w high / low
- 415/272
Metrics as of 6 Oct 2026. Not real time.
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Mahindra & Mahindra Financial Services Ltd growth and returns
- 10 Years
- 12%
- 5 Years
- 11%
- 3 Years
- 18%
- TTM
- 14%
- 10 Years
- 14%
- 5 Years
- 35%
- 3 Years
- 12%
- TTM
- 46%
- 10 Years
- 4%
- 5 Years
- 13%
- 3 Years
- 5%
- 1 Year
- 15%
- 10 Years
- 10%
- 5 Years
- 11%
- 3 Years
- 11%
- Last Year
- 12%
Mahindra & Mahindra Financial Services Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹5,718 cr, up 14.6% from ₹4,991 cr a year earlier. Net profit was ₹927 cr, up 75.2% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 4,465 | 4,797 | 4,886 | 4,991 | 5,026 | 5,450 | 5,539 | 5,718 |
| Expenses | 1,830 | 1,325 | 2,001 | 1,964 | 2,015 | 1,913 | 1,987 | 2,034 |
| Operating profit | 573 | 1,297 | 667 | 746 | 814 | 1,301 | 1,332 | 1,312 |
| OPM % | 13% | 27% | 14% | 15% | 16% | 24% | 24% | 23% |
| Other income | 28 | 19 | 27 | 43 | 39 | -100 | 37 | 29 |
| Interest | 2,062 | 2,175 | 2,218 | 2,280 | 2,198 | 2,236 | 2,220 | 2,372 |
| Depreciation | 79 | 82 | 85 | 86 | 94 | 96 | 110 | 99 |
| Profit before tax | 523 | 1,233 | 609 | 704 | 759 | 1,105 | 1,259 | 1,242 |
| Tax % | 25% | 26% | 25% | 25% | 25% | 25% | 25% | 25% |
| Net profit | 390 | 918 | 456 | 529 | 566 | 826 | 940 | 927 |
| EPS (₹) | 2.80 | 6.60 | 3.29 | 3.80 | 4.06 | 5.93 | 6.75 | 6.66 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Mahindra & Mahindra Financial Services Ltd annual results
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 7,189 | 7,910 | 10,429 | 11,995 | 12,382 | 11,419 | 12,828 | 15,963 | 18,519 | 21,041 | 21,733 |
| Operating profit | 880 | 1,927 | 2,868 | 1,702 | 1,028 | 1,654 | 3,038 | 2,799 | 3,271 | 4,229 | 4,760 |
| OPM % | 12% | 24% | 28% | 14% | 8% | 14% | 24% | 18% | 18% | 20% | 22% |
| Net profit | 530 | 1,216 | 1,867 | 1,086 | 780 | 1,150 | 2,071 | 1,943 | 2,261 | 2,861 | 3,260 |
| EPS (₹) | 4.00 | 8.53 | 13.15 | 7.73 | 5.56 | 8.18 | 14.91 | 13.90 | 16.27 | 20.54 | 23.40 |
TTM is the trailing twelve months to the most recent quarter.
Mahindra & Mahindra Financial Services Ltd balance sheet
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 113 | 123 | 123 | 123 | 246 | 247 | 247 | 247 | 247 | 278 |
| Reserves | 6,847 | 9,732 | 11,146 | 11,846 | 15,530 | 16,650 | 18,313 | 19,686 | 21,282 | 26,361 |
| Borrowings | 40,644 | 44,986 | 58,802 | 65,634 | 65,101 | 62,126 | 81,429 | 98,319 | 119,093 | 128,370 |
| Other liabilities | 5,619 | 3,889 | 4,505 | 4,189 | 4,724 | 4,787 | 5,096 | 5,463 | 3,483 | 3,635 |
| Total liabilities | 53,223 | 58,730 | 74,576 | 81,793 | 85,601 | 83,809 | 105,085 | 123,716 | 144,105 | 158,644 |
| Fixed assets | 133 | 147 | 201 | 455 | 399 | 515 | 871 | 1,008 | 1,207 | 1,328 |
| CWIP | 1 | 0 | 1 | 1 | 12 | 2 | 3 | 105 | 66 | 7 |
| Investments | 1,374 | 2,378 | 3,327 | 5,340 | 12,126 | 8,654 | 10,063 | 9,598 | 10,590 | 7,407 |
| Other assets | 51,714 | 56,205 | 71,046 | 75,996 | 73,064 | 74,637 | 94,148 | 113,004 | 132,242 | 149,902 |
| Total assets | 53,223 | 58,730 | 74,576 | 81,793 | 85,601 | 83,809 | 105,085 | 123,716 | 144,105 | 158,644 |
As reported by the company. Total assets equal total liabilities by construction.
Mahindra & Mahindra Financial Services Ltd cash flow
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | -6,467 | -8,510 | -12,078 | -3,115 | 5,826 | 18 | -17,395 | -18,449 | -15,602 | -12,772 |
| Cash from investing | -97 | 243 | -1,213 | -2,689 | -8,348 | 3,112 | -1,635 | 2,671 | -1,077 | 770 |
| Cash from financing | 6,766 | 8,174 | 13,490 | 6,050 | 2,548 | -3,173 | 18,852 | 16,095 | 17,605 | 10,637 |
| Net cash flow | 202 | -93 | 199 | 245 | 26 | -43 | -179 | 317 | 927 | -1,365 |
| Free cash flow | -6,529 | -8,579 | -12,211 | -3,231 | 5,785 | -276 | -17,794 | -18,719 | -15,975 | -13,120 |
| CFO / operating profit | -146% | -146% | -154% | -36% | 102% | 10% | -207% | -181% | -126% | -91% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Mahindra & Mahindra Financial Services Ltd operating ratios
| Per year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROE % | 8% | 14% | 17% | 9% | 5% | 7% | 12% | 10% | 11% | 12% |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Mahindra & Mahindra Financial Services Ltd shareholding pattern
Promoters held 52.49% at Jun 2026, broadly unchanged since Jun 2025. FIIs 9.53% and DIIs 31.48%.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 52.16% | 52.16% | 52.16% | 52.49% | 52.49% | 52.49% | 52.49% | 52.49% |
| FIIs | 10.19% | 10.49% | 10.68% | 9.33% | 9.59% | 9.11% | 9.40% | 9.53% |
| DIIs | 31.58% | 31.17% | 31.31% | 32.33% | 32.29% | 32.34% | 32.09% | 31.48% |
| Public | 6.01% | 6.14% | 5.81% | 5.79% | 5.58% | 6.02% | 5.98% | 6.46% |
| No. of shareholders | 2,11,051 | 2,24,415 | 2,17,620 | 2,27,141 | 2,22,526 | 2,43,019 | 2,36,252 | 2,41,776 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
When is Mahindra & Mahindra Financial Services Ltd’s next results date?
Mahindra & Mahindra Financial Services Ltd’s next results are scheduled for 21 Oct 2026.
- Earnings resultsConsider and approve unaudited standalone and consolidated financial results for the quarter and six months ended 30th September 2026
See the full results calendar for every Indian company reporting in the next 30 days.
Mahindra & Mahindra Financial Services Ltd corporate filings
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Company Updatelow impact
Cruxal's analysis: Please find enclosed.
Read the full analysis - Mahindra & Mahindra Financial Services reaffirm credit ratings across multiple instruments, with substantial rated debt aggregating over INR 1.2 lakh crore, indicating strong creditworthiness and stable outlook.Company Updatehigh impact
Cruxal's analysis: Mahindra & Mahindra Financial Services Ltd. has received reaffirmed credit ratings from…
Read the full analysis - Mahindra & Mahindra Financial Services Q2 FY27 Business Update: Revenue Rs 5,539 cr, Net Profit Rs 940 cr, EPS Rs 6.75Company Updatelow impact
Cruxal's analysis: The company released its quarterly business update for Q2 FY27, reporting revenue of Rs…
Read the full analysis - Mahindra & Mahindra Financial Services Ltd announces allotment of Non-Convertible Debentures (NCDs)Company Updatelow impact
Cruxal's analysis: Mahindra & Mahindra Financial Services Ltd has completed the allotment of Non-Convertible…
Read the full analysis - Mahindra & Mahindra Financial Services Limited schedules Board Meeting for 21st October 2026 to approve Q2 FY27 financial resultsBoard Meetinglow impact
Cruxal's analysis: Mahindra & Mahindra Financial Services Limited has formally intimated the stock exchanges…
Read the full analysis - Trading Window will be closed from 01st October 2026 to 23rd October 2026 (both days inclusive) for the purpose of consideration and approval of Unaudited Financial Results for the quarter ....Insider Trading / SASTlow impact
- Mahindra & Mahindra Financial Services Ltd announces routine ESOP transferCompany Updatelow impact
Cruxal's analysis: Mahindra & Mahindra Financial Services Ltd has filed a disclosure regarding the transfer…
Read the full analysis - Mahindra & Mahindra Financial Services announces issuance of Non-Convertible Debentures (NCDs)Company Updatelow impact
Cruxal's analysis: Mahindra & Mahindra Financial Services has announced the issuance of Non-Convertible…
Read the full analysis - Mahindra & Mahindra Financial Services Ltd discloses ESG rating updateCompany Updatelow impact
Cruxal's analysis: Mahindra & Mahindra Financial Services Ltd has released a corporate update regarding its…
Read the full analysis - Mahindra & Mahindra Financial Services Ltd announces routine ESOP transferCompany Updatelow impact
Cruxal's analysis: Mahindra & Mahindra Financial Services Ltd has filed a disclosure regarding the transfer…
Read the full analysis - Mahindra & Mahindra Financial Services Ltd schedules analyst/investor meetingCompany Updatelow impact
Cruxal's analysis: Mahindra & Mahindra Financial Services Ltd has issued an intimation regarding an upcoming…
Read the full analysis - Mahindra & Mahindra Financial Services Ltd schedules analyst/investor meetCompany Updatelow impact
Cruxal's analysis: Mahindra & Mahindra Financial Services Ltd has issued a routine intimation regarding an…
Read the full analysis - Mahindra & Mahindra Financial Services Ltd announces special window for physical securities transfer and dematerializationCompany Updatelow impact
Cruxal's analysis: The company has issued a newspaper publication regarding a special window for the…
Read the full analysis - Mahindra & Mahindra Financial Services Reaffirms 'AAA' Credit Ratings Across Debt InstrumentsCompany Updatelow impact
Cruxal's analysis: Mahindra & Mahindra Financial Services Limited has announced the reaffirmation of its…
Read the full analysis - Mahindra & Mahindra Financial Services Ltd schedules investor conferenceCompany Updatelow impact
Cruxal's analysis: Mahindra & Mahindra Financial Services Ltd has issued an intimation regarding a scheduled…
Read the full analysis - Mahindra & Mahindra Financial Services Ltd announces allotment of equity shares under ESOP trustCompany Updatelow impact
Cruxal's analysis: Mahindra & Mahindra Financial Services Limited has completed the allotment of equity…
Read the full analysis - Mahindra & Mahindra Financial Services Ltd discloses ESG rating updateCompany Updatelow impact
Cruxal's analysis: Mahindra & Mahindra Financial Services Ltd has released a corporate update regarding its…
Read the full analysis - Mahindra & Mahindra Financial Services Ltd announces transfer of equity shares under ESOP schemeCompany Updatelow impact
Cruxal's analysis: Mahindra & Mahindra Financial Services Limited has executed a transfer of equity shares…
Read the full analysis - Mahindra & Mahindra Financial Services Ltd schedules investor conferenceCompany Updatelow impact
Cruxal's analysis: Mahindra & Mahindra Financial Services Ltd has issued an intimation regarding a scheduled…
Read the full analysis - Mahindra & Mahindra Financial Services Ltd schedules investor conferenceCompany Updatelow impact
Cruxal's analysis: Mahindra & Mahindra Financial Services Ltd has issued an intimation regarding a scheduled…
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