| Scrip code | 532720 |
|---|---|
| NSE Symbol | M&MFIN |
| MSEI Symbol | NOTLISTED |
| ISIN | INE774D01024 |
| Name of company | Mahindra & Mahindra Financial Services Limited |
| Type of company | Main Board |
| Class of security | Equity |
| Date of start of financial year | 01-04-2025 |
| Date of end of financial year | 31-03-2026 |
| Date of board meeting when results were approved | 28-01-2026 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 23-12-2025 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| Reporting Type | Quarterly |
| Reporting Quarter | Third quarter |
| Nature of report standalone or consolidated | Standalone |
| Whether results are audited or unaudited for the quarter ended | Unaudited |
| Whether results are audited or unaudited for the Year to date for current period ended/year ended | Unaudited |
| Segment Reporting | Single segment |
| Description of single segment | The Company is engaged primarily in the business of financing and accordingly there are no separate reportable segment as per Accounting Standard 17 dealing with Segment Reporting |
| Start date and time of board meeting | 28-01-2026 14:00:00 |
| End date and time of board meeting | 28-01-2026 16:20:00 |
| Whether cash flow statement is applicable on company | |
| Type of cash flow statement | |
| Declaration of unmodified opinion or statement on impact of audit qualification | Not applicable |
| Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? | Yes |
| No. of times funds raised during the quarter | 1 |
| Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? | No |
| There has been no defaults in any payments relating to loans and debt obligations. | |
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-10-2025 | 01-04-2025 |
| B | Date of end of reporting period | 31-12-2025 | 31-12-2025 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| 1 | Income | ||
| Revenue from operations | |||
| (i) | Interest Income | 4,40,712.00 | 12,74,963.00 |
| (ii) | Dividend Income | 4,639.00 | 14,639.00 |
| (iii) | Rental Income | 4,515.00 | 12,528.00 |
| (iv) | Fees and commission Income | 24,839.00 | 60,448.00 |
| (v) | Net gain on fair value changes | 654.00 | 1,985.00 |
| (vi) | Net gain on derecognition of financial instruments under amortised cost category | 0.00 | 0.00 |
| (vii) | Sale of products (including Excise Duty) | 0.00 | 0.00 |
| (viii) | Sale of services | 0.00 | 0.00 |
| (ix) | Other revenue from operations | ||
| Total other revenue from operations | |||
| Total Revenue From Operations | 4,75,359.00 | 13,64,563.00 | |
| Other income | 963.00 | 4,458.00 | |
| Total income | 4,76,322.00 | 13,69,021.00 | |
| 2 | Expenses | ||
| Cost of materials consumed | 0.00 | 0.00 | |
| Purchases of stock-in-trade | 0.00 | 0.00 | |
| Changes in inventories of finished goods, work-in-progress and stock-in-trade | 0.00 | 0.00 | |
| Employee benefit expense | 52,034.00 | 1,53,441.00 | |
| Finance costs | 2,10,262.00 | 6,32,132.00 | |
| Depreciation, depletion and amortisation expense | 8,550.00 | 24,359.00 | |
| Fees and commission expense | 4,565.00 | 10,813.00 | |
| Net loss on fair value changes | 0.00 | 0.00 | |
| Net loss on derecognition of financial instruments under amortised cost category | 0.00 | 0.00 | |
| Impairment on financial instruments | 46,988.00 | 1,88,093.00 | |
| (f) | Other expenses | ||
| 1 | Other expenses | 35,147.00 | 97,321.00 |
| Total other expenses | 35,147.00 | 97,321.00 | |
| Total expenses | 3,57,546.00 | 11,06,159.00 | |
| 3 | Total profit before exceptional items and tax | 1,18,776.00 | 2,62,862.00 |
| 4 | Exceptional items | (11,733.00) | (11,733.00) |
| 5 | Total profit before tax | 1,07,043.00 | 2,51,129.00 |
| 7 | Tax expense | ||
| 8 | Current tax | 20,998.00 | 62,639.00 |
| 9 | Deferred tax | 5,001.00 | (2,435.00) |
| 10 | Total tax expenses | 25,999.00 | 60,204.00 |
| 11 | Net Profit Loss for the period from continuing operations | 81,044.00 | 1,90,925.00 |
| 12 | Profit (loss) from discontinued operations before tax | 0.00 | 0.00 |
| 13 | Tax expense of discontinued operations | 0.00 | 0.00 |
| 17 | Net profit (loss) from discontinued operation after tax | 0.00 | 0.00 |
| 14 | Share of profit (loss) of associates and joint ventures accounted for using equity method | 0.00 | 0.00 |
| 15 | Total profit (loss) for period | 81,044.00 | 1,90,925.00 |
| 16 | Other comprehensive income net of taxes | (201.00) | 1,218.00 |
| 17 | Total Comprehensive Income for the period | 80,843.00 | 1,92,143.00 |
| 18 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | |||
| Total profit or loss, attributable to non-controlling interests | |||
| 19 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | |||
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | |||
| 20 | Details of equity share capital | ||
| Paid-up equity share capital | 27,790.00 | 27,790.00 | |
| Face value of equity share capital | 2 | 2 | |
| 21 | Reserves excluding revaluation reserve | ||
| 22 | Earnings per share | ||
| i | Earnings per equity share for continuing operations | ||
| Basic earnings per share from continuing operations | 5.83 | 14.04 | |
| Diluted earnings per share from continuing operations | 5.83 | 14.03 | |
| ii | Earnings per equity share for discontinued operations | ||
| Basic earnings per share from discontinued operations | 0 | 0 | |
| Diluted earnings per share from discontinued operations | 0 | 0 | |
| ii | Earnings per equity share | ||
| Basic earnings per share | 5.83 | 14.04 | |
| Diluted earnings per share | 5.83 | 14.03 | |
| 23 | Debt equity ratio | 4.8700 | 4.8700 |
| 24 | Debt service coverage ratio | 0.0 | 0.0 |
| 25 | Interest service coverage ratio | 0.0 | 0.0 |
| 26 | Disclosure of notes on financial results | Textual Information(1) | |
| 23 | Debt equity ratio | |
|---|---|---|
| 24 | Debt service coverage ratio | |
| 25 | Interest service coverage ratio |
| Textual Information(1) | Due to character constraint of the XBRL template, we are unable to include the Notes on Financial Results. For detailed notes please refer to the PDF of Financial Results for the quarter and nine months ended 31st December 2025, uploaded on stock exchanges on 28th January 2026. |
|---|
| Particulars | 3 months/ 6 month ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-10-2025 | 01-04-2025 |
| B | Date of end of reporting period | 31-12-2025 | 31-12-2025 |
| Whether results are audited or unaudited | Unaudited | Unaudited | |
| Nature of report standalone or consolidated | Standalone | Standalone | |
| 1 | Segment Revenue (Income) | ||
| (net sale/income from each segment should be disclosed) | |||
| Total Segment Revenue | |||
| Less: Inter segment revenue | |||
| Revenue from operations | |||
| 2 | Segment Result | ||
| Profit (+) / Loss (-) before tax and interest from each segment | |||
| Total Profit before tax | |||
| i. Finance cost | |||
| ii. Other Unallocable Expenditure net off Unallocable income | |||
| Profit before tax | |||
| 3 | (Segment Asset - Segment Liabilities) | ||
| Segment Asset | |||
| Total Segment Asset | |||
| Un-allocable Assets | |||
| Net Segment Asset | |||
| 4 | Segment Liabilities | ||
| Segment Liabilities | |||
| Total Segment Liabilities | |||
| Un-allocable Liabilities | |||
| Net Segment Liabilities | |||
| Disclosure of notes on segments | |||
| Particulars | 3 months/ 6 month ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-10-2025 | 01-04-2025 |
| B | Date of end of reporting period | 31-12-2025 | 31-12-2025 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| Other comprehensive income [Abstract] | |||
| 1 | Amount of items that will not be reclassified to profit and loss | ||
| 1 | Remeasurement gain / (loss) on defined benefit plans | -82100000 | -182000000 |
| Total Amount of items that will not be reclassified to profit and loss | -82100000 | -182000000 | |
| 2 | Income tax relating to items that will not be reclassified to profit or loss | (207.00) | (458.00) |
| 3 | Amount of items that will be reclassified to profit and loss | ||
| 1 | Net gain / (loss) on debt instruments through OCI | -34200000 | 181100000 |
| 2 | Effective portion of gain/(loss) on designated portion of hedging instruments | 89400000 | 163700000 |
| Total Amount of items that will be reclassified to profit and loss | 55200000 | 344800000 | |
| 4 | Income tax relating to items that will be reclassified to profit or loss | 139.00 | 868.00 |
| 5 | Total Other comprehensive income | (201.00) | 1,218.00 |
| Mode of Fund Raising | Others |
|---|---|
| Description of mode of fund raising (Applicable in case of others is selected) | |
| Date of Raising Funds | 13-11-2025 |
| Amount Raised | 1,18,205.00 |
| Report filed for Quarter ended | 31-12-2025 |
| Monitoring Agency | Not Applicable |
| Monitoring Agency Name, if applicable | |
| Is there a Deviation / Variation in use of funds raised | No |
| If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders | |
| If Yes, Date of shareholder Approval | |
| Explanation for the Deviation / Variation | false |
| Comments of the Audit Committee after review | false |
| Comments of the auditors, if any | false |
| Sr. | Original Object | Modified Object, if any | Original Allocation | Modified allocation, if any | Funds Utilised | Amount of Deviation/Variation for the quarter according to applicable object | Remarks if any |
| 1 | The funds raised through this issue will be utilized for various financing activities, onward lending, to repay our existing indebtedness, working capital and general corporate purposes (such as investments for liquidity and statutory requirements, capital expenditure, revenue expenditure) of the Company | Nil | 1,18,205.00 | 0.00 | 1,18,205.00 | 0.00 | Amount rounded to nearest 2 decimals. The company had received the balance payment of Rs.1182,04,70,782.50/- (face value Rs. 1123.875 crore) on 13th November 2025 towards the Partly paid debenture issued on 28th March 2023. |
| Name of signatory | Brijbala Batwal |
| Designation of person | Company Secretary and Compliance Officer |
| Place | Mumbai |
| Date | 28-01-2026 |