INTEGRATED FILING — NBFC



General information about company

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 01-04-2026
Date of end of financial year 31-03-2027
Date of board meeting when results were approved 21-07-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 30-06-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter First 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
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 21-07-2026   12:40:00
End date and time of board meeting 21-07-2026   14:30:00
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 4
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.


Financial Results — NBFC

Amount in (Lakhs)

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 01-04-2026 01-04-2026
B Date of end of reporting period 30-06-2026 30-06-2026
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 4,62,087.00 4,62,087.00
(ii) Dividend Income 6,392.00 6,392.00
(iii) Rental Income 4,813.00 4,813.00
(iv) Fees and commission Income 22,324.00 22,324.00
(v) Net gain on fair value changes 1,596.00 1,596.00
(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 4,97,212.00 4,97,212.00
Other income 183.00 183.00
Total income 4,97,395.00 4,97,395.00
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 55,969.00 55,969.00
Finance costs 2,20,811.00 2,20,811.00
Depreciation, depletion and amortisation expense 8,944.00 8,944.00
Fees and commission expense 2,114.00 2,114.00
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 56,971.00 56,971.00
(f) Other expenses
1 Other expenses 33,964.00 33,964.00
Total other expenses 33,964.00 33,964.00
Total expenses 3,78,773.00 3,78,773.00
3 Total profit before exceptional items and tax 1,18,622.00 1,18,622.00
4 Exceptional items 0.00 0.00
5 Total profit before tax 1,18,622.00 1,18,622.00
7 Tax expense
8 Current tax 28,200.00 28,200.00
9 Deferred tax 557.00 557.00
10 Total tax expenses 28,757.00 28,757.00
11 Net Profit Loss for the period from continuing operations 89,865.00 89,865.00
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 89,865.00 89,865.00
16 Other comprehensive income net of taxes 1,375.00 1,375.00
17 Total Comprehensive Income for the period 91,240.00 91,240.00
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 27,792.00 27,792.00
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 6.47 6.47
Diluted earnings per share from continuing operations 6.46 6.46
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 6.47 6.47
Diluted earnings per share 6.46 6.46
23 Debt equity ratio 5.00 5.00
24 Debt service coverage ratio
25 Interest service coverage ratio
26 Disclosure of notes on financial results Textual Information(1)


Remarks

23 Debt equity ratio
24 Debt service coverage ratio
25 Interest service coverage ratio


Text Block

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 first quarter ended 30th June 2026, uploaded on stock exchanges on 21st July 2026.




Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

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 01-04-2026 01-04-2026
B Date of end of reporting period 30-06-2026 30-06-2026
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


Other Comprehensive Income

Amount in (Lakhs)

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 01-04-2026 01-04-2026
B Date of end of reporting period 30-06-2026 30-06-2026
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 -209200000 -209200000
Total Amount of items that will not be reclassified to profit and loss -209200000 -209200000
2 Income tax relating to items that will not be reclassified to profit or loss (526.00) (526.00)
3 Amount of items that will be reclassified to profit and loss
1 Net gain / (loss) on debt instruments through OCI 415500000 415500000
2 Effective portion of gain/(loss) on designated portion of hedging instruments -22500000 -22500000
Total Amount of items that will be reclassified to profit and loss 393000000 393000000
4 Income tax relating to items that will be reclassified to profit or loss 989.00 989.00
5 Total Other comprehensive income 1,375.00 1,375.00




Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (1)

Amount in (Lakhs)

Mode of Fund Raising Others
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds 28-04-2026
Amount Raised 50,000.00
Report filed for Quarter ended 30-06-2026
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 Company shall utilise the monies received from the subscription of the Debentures solely towards the Purpose viz., for various financing activities, onward lending, to repay existing indebtedness, working capital and general corporate purposes (such as investments for liquidity and statutory requirements, capital expenditure, revenue expenditure) of the Company. The issue proceeds shall not be used by the Company for any purpose which is in contravention of any applicable law and accordingly utilize for eligible end-uses allowed under the relevant regulations and applicable law for deployment of funds on its own balance sheet and not to facilitate resource requests of group entities/ parent company/ associates. Up to 100% of the proceeds will be utilised for the Purpose, with not more than 25% being used for general corporate purposes to the extent permitted under the relevant regulations and applicable law. Nil 50,000.00 0.00 50,000.00 0.00


Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (2)

Amount in (Lakhs)

Mode of Fund Raising Others
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds 12-05-2026
Amount Raised 87,500.00
Report filed for Quarter ended 30-06-2026
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 Company shall utilise the monies received from the subscription of the Debentures solely towards the Purpose viz., for various financing activities, onward lending, to repay existing indebtedness, working capital and general corporate purposes (such as investments for liquidity and statutory requirements, capital expenditure, revenue expenditure) of the Company. The issue proceeds shall not be used by the Company for any purpose which is in contravention of any applicable law and accordingly utilize for eligible end-uses allowed under the relevant regulations and applicable law for deployment of funds on its own balance sheet and not to facilitate resource requests of group entities/ parent company/ associates. Up to 100% of the proceeds will be utilised for the Purpose, with not more than 25% being used for general corporate purposes to the extent permitted under the relevant regulations and applicable law. Nil 87,500.00 0.00 87,500.00 0.00


Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (3)

Amount in (Lakhs)

Mode of Fund Raising Others
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds 19-05-2026
Amount Raised 2,20,000.00
Report filed for Quarter ended 30-06-2026
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 Company shall utilise the monies received from the subscription of the Debentures solely towards the Purpose viz., for various financing activities, onward lending, to repay existing indebtedness, working capital and general corporate purposes (such as investments for liquidity and statutory requirements, capital expenditure, revenue expenditure) of the Company. The issue proceeds shall not be used by the Company for any purpose which is in contravention of any applicable law and accordingly utilize for eligible end-uses allowed under the relevant regulations and applicable law for deployment of funds on its own balance sheet and not to facilitate resource requests of group entities/ parent company/ associates. Up to 100% of the proceeds will be utilised for the Purpose, with not more than 25% being used for general corporate purposes to the extent permitted under the relevant regulations and applicable law Nil 2,20,000.00 0.00 2,20,000.00 0.00


Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (4)

Amount in (Lakhs)

Mode of Fund Raising Others
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds 18-06-2026
Amount Raised 93,502.00
Report filed for Quarter ended 30-06-2026
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 Company shall utilise the monies received from the subscription of the Debentures solely towards the Purpose viz., for various financing activities, onward lending, to repay existing indebtedness, working capital and general corporate purposes (such as investments for liquidity and statutory requirements, capital expenditure, revenue expenditure) of the Company. The issue proceeds shall not be used by the Company for any purpose which is in contravention of any applicable law and accordingly utilize for eligible end-uses allowed under the relevant regulations and applicable law for deployment of funds on its own balance sheet and not to facilitate resource requests of group entities/ parent company/ associates. Up to 100% of the proceeds will be utilised for the Purpose, with not more than 25% being used for general corporate purposes to the extent permitted under the relevant regulations and applicable law Nil 93,502.00 0.00 93,502.00 0.00


Signatory Details

Name of signatory Brijbala Batwal
Designation of person Company Secretary and Compliance Officer
Place Mumbai
Date 21-07-2026