General information about company |
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|---|---|
| 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-Apr-2024 |
| Date of end of financial year | 31-Mar-2025 |
| Date of board meeting when results were approved | 22-Apr-2025 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 28-Mar-2025 |
| Description of presentation currency | INR (in Actuals) |
| Reporting Type | Half Yearly |
| Reporting Quarter | Yearly |
| Nature of report standalone or consolidated | Consolidated |
| Whether results are audited or unaudited for the quarter ended | Audited |
| Whether results are audited or unaudited for the Year to date for current period ended/year ended | Audited |
| Segment Reporting | Multi segment |
| Description of single segment | |
| Start date and time of board meeting | 22-Apr-2025 14:20:00 |
| End date and time of board meeting | 22-Apr-2025 17:00:00 |
| Whether cash flow statement is applicable on company | Yes |
| Type of cash flow statement | Cash Flow Indirect |
| Declaration of unmodified opinion or statement on impact of audit qualification | Declaration of unmodified opinion |
Financial Results — NBFC |
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|---|---|---|---|
| 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-Oct-2024 | 01-Apr-2024 |
| B | Date of end of reporting period | 31-Mar-2025 | 31-Mar-2025 |
| C | Whether results are audited or unaudited | Audited | Audited |
| D | Nature of report standalone or consolidated | Consolidated | Consolidated |
| Part I | Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column. | ||
| 1 | Income | ||
| Revenue from operations | |||
| (i) | Interest Income | 43240500000 | 165664000000 |
| (ii) | Dividend Income | 0 | 0 |
| (iii) | Rental Income | 443600000 | 1534500000 |
| (iv) | Fees and commission Income | 1799300000 | 5278700000 |
| (v) | Net gain on fair value changes | 87000000 | 219700000 |
| (vi) | Net gain on derecognition of financial instruments under amortised cost category | 19000000 | 19000000 |
| (vii) | Sale of products (including Excise Duty) | 0 | 0 |
| (viii) | Sale of services | 3266900000 | 11915100000 |
| (ix) | Other revenue from operations | ||
| Total other revenue from operations | |||
| Total Revenue From Operations | 48856300000 | 184631000000 | |
| Other income | 112100000 | 673600000 | |
| Total income | 48968400000 | 185304600000 | |
| 2 | Expenses | ||
| Cost of materials consumed | 0 | 0 | |
| Purchases of stock-in-trade | 0 | 0 | |
| Changes in inventories of finished goods, work-in-progress and stock-in-trade | 0 | 0 | |
| Employee benefit expense | 6081400000 | 23549400000 | |
| Finance costs | 22177700000 | 84154300000 | |
| Depreciation, depletion and amortisation expense | 845200000 | 3212100000 | |
| Fees and commission expense | 2863700000 | 10452300000 | |
| Net loss on fair value changes | 0 | 0 | |
| Net loss on derecognition of financial instruments under amortised cost category | 0 | 0 | |
| Impairment on financial instruments | 6967500000 | 20853600000 | |
| (f) | Other expenses | ||
| 1 | Other expenses | 4096800000 | 13466100000 |
| Total other expenses | 4096800000 | 13466100000 | |
| Total expenses | 43032300000 | 155687800000 | |
| 3 | Total profit before exceptional items and tax | 5936100000 | 29616800000 |
| 4 | Exceptional items | 0 | 0 |
| 5 | Total profit before tax | 5936100000 | 29616800000 |
| 7 | Tax expense | ||
| 8 | Current tax | 1989400000 | 8209300000 |
| 9 | Deferred tax | -456600000 | -548900000 |
| 10 | Total tax expenses | 1532800000 | 7660400000 |
| 11 | Net Profit Loss for the period from continuing operations | 4403300000 | 21956400000 |
| 12 | Profit (loss) from discontinued operations before tax | 0 | 0 |
| 13 | Tax expense of discontinued operations | 0 | 0 |
| 17 | Net profit (loss) from discontinued operation after tax | 0 | 0 |
| 14 | Share of profit (loss) of associates and joint ventures accounted for using equity method | 158600000 | 652300000 |
| 15 | Total profit (loss) for period | 4561900000 | 22608700000 |
| 16 | Other comprehensive income net of taxes | 260300000 | 1086400000 |
| 17 | Total Comprehensive Income for the period | 4822200000 | 23695100000 |
| 18 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | 4572200000 | 22618700000 | |
| Total profit or loss, attributable to non-controlling interests | -10300000 | -10000000 | |
| 19 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | 4837200000 | 23691000000 | |
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | -15000000 | 4100000 | |
| 20 | Details of equity share capital | ||
| Paid-up equity share capital | 2469800000 | 2469800000 | |
| 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 | 3.7 | 18.32 | |
| Diluted earnings per share from continuing operations | 3.7 | 18.31 | |
| 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 | 3.7 | 18.32 | |
| Diluted earnings per share | 3.7 | 18.31 | |
| 23 | Debt equity ratio | 0.0553 | 0.0553 |
| 24 | Debt service coverage ratio | ||
| 25 | Interest service coverage ratio | ||
| 26 | Disclosure of notes on financial results | Textual Information(1) | |
Remarks |
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|---|---|---|
| 23 | Debt equity ratio | |
| 24 | Debt service coverage ratio | |
| 25 | Interest service coverage ratio | |
Text Block |
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|---|---|---|---|
| Textual Information(1) | # 'Others' includes Insurance Broking and Asset Management Services and Trusteeship. | ||
Cash flow statement, indirect |
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|---|---|---|---|
| Particulars | Year ended (dd-mm-yyyy) | ||
| A | Date of start of reporting period | 01-Apr-2024 | |
| B | Date of end of reporting period | 31-Mar-2025 | |
| C | Whether results are audited or unaudited | Audited | |
| D | Nature of report standalone or consolidated | Consolidated | |
| Part I | Blue color marked fields are non-mandatory. | ||
| Statement of cash flows | |||
| Cash flows from used in operating activities | |||
| Profit before tax | 29616800000 | ||
| Adjustments for reconcile profit (loss) | |||
| Adjustments for finance costs | 85618500000 | ||
| Adjustments for decrease (increase) in inventories | 0 | ||
| Adjustments for decrease (increase) in trade receivables, current | 0 | ||
| Adjustments for decrease (increase) in trade receivables, non-current | 0 | ||
| Adjustments for decrease (increase) in other current assets | 0 | ||
| Adjustments for decrease (increase) in other non-current assets | 0 | ||
| Adjustments for other financial assets, non-current | 0 | ||
| Adjustments for other financial assets, current | 0 | ||
| Adjustments for other bank balances | 0 | ||
| Adjustments for increase (decrease) in trade payables, current | 0 | ||
| Adjustments for increase (decrease) in trade payables, non-current | 0 | ||
| Adjustments for increase (decrease) in other current liabilities | 0 | ||
| Adjustments for increase (decrease) in other non-current liabilities | 0 | ||
| Adjustments for depreciation and amortisation expense | 3212000000 | ||
| Adjustments for impairment loss reversal of impairment loss recognised in profit or loss | 21331100000 | ||
| Adjustments for provisions, current | 0 | ||
| Adjustments for provisions, non-current | 0 | ||
| Adjustments for other financial liabilities, current | 0 | ||
| Adjustments for other financial liabilities, non-current | 0 | ||
| Adjustments for unrealised foreign exchange losses gains | 377400000 | ||
| Adjustments for dividend income | 0 | ||
| Adjustments for interest income | 165309400000 | ||
| Adjustments for share-based payments | 59000000 | ||
| Adjustments for fair value losses (gains) | -1096200000 | ||
| Adjustments for undistributed profits of associates | 0 | ||
| Other adjustments for which cash effects are investing or financing cash flow | 0 | ||
| Other adjustments to reconcile profit (loss) | 0 | ||
| Other adjustments for non-cash items | -176900000 | ||
| Share of profit and loss from partnership firm or association of persons or limited liability partnerships | 0 | ||
| Total adjustments for reconcile profit (loss) | -55984500000 | ||
| Net cash flows from (used in) operations | -26367700000 | ||
| Dividends received | 0 | ||
| Interest paid | 65220400000 | ||
| Interest received | 128565800000 | ||
| Income taxes paid (refund) | 8702300000 | ||
| Other inflows (outflows) of cash | -184294200000 | ||
| Net cash flows from (used in) operating activities | -156018800000 | ||
| Cash flows from used in investing activities | |||
| Cash flows from losing control of subsidiaries or other businesses | 0 | ||
| Cash flows used in obtaining control of subsidiaries or other businesses | 0 | ||
| Other cash receipts from sales of equity or debt instruments of other entities | 217395900000 | ||
| Other cash payments to acquire equity or debt instruments of other entities | 232936200000 | ||
| Other cash receipts from sales of interests in joint ventures | 0 | ||
| Other cash payments to acquire interests in joint ventures | 0 | ||
| Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships | 0 | ||
| Cash payment for investment in partnership firm or association of persons or limited liability partnerships | 0 | ||
| Proceeds from sales of property, plant and equipment | 691000000 | ||
| Purchase of property, plant and equipment | 4418900000 | ||
| Proceeds from sales of investment property | 0 | ||
| Purchase of investment property | 0 | ||
| Proceeds from sales of intangible assets | 0 | ||
| Purchase of intangible assets | 0 | ||
| Proceeds from sales of intangible assets under development | 0 | ||
| Purchase of intangible assets under development | 0 | ||
| Proceeds from sales of goodwill | 0 | ||
| Purchase of goodwill | 0 | ||
| Proceeds from biological assets other than bearer plants | 0 | ||
| Purchase of biological assets other than bearer plants | 0 | ||
| Proceeds from government grants | 0 | ||
| Proceeds from sales of other long-term assets | 0 | ||
| Purchase of other long-term assets | 0 | ||
| Cash advances and loans made to other parties | 0 | ||
| Cash receipts from repayment of advances and loans made to other parties | 0 | ||
| Cash payments for future contracts, forward contracts, option contracts and swap contracts | 0 | ||
| Cash receipts from future contracts, forward contracts, option contracts and swap contracts | 0 | ||
| Dividends received | 0 | ||
| Interest received | 8500200000 | ||
| Income taxes paid (refund) | 0 | ||
| Other inflows (outflows) of cash | -900000 | ||
| Net cash flows from (used in) investing activities | -10768900000 | ||
| Cash flows from used in financing activities | |||
| Proceeds from changes in ownership interests in subsidiaries | 0 | ||
| Payments from changes in ownership interests in subsidiaries | 0 | ||
| Proceeds from issuing shares | 0 | ||
| Proceeds from issuing other equity instruments | 0 | ||
| Payments to acquire or redeem entity's shares | 0 | ||
| Payments of other equity instruments | 0 | ||
| Proceeds from exercise of stock options | 0 | ||
| Proceeds from issuing debentures notes bonds etc | 0 | ||
| Proceeds from borrowings | 769453500000 | ||
| Repayments of borrowings | 584474000000 | ||
| Payments of lease liabilities | 1148400000 | ||
| Dividends paid | 7777800000 | ||
| Interest paid | 0 | ||
| Income taxes paid (refund) | 0 | ||
| Other inflows (outflows) of cash | 0 | ||
| Net cash flows from (used in) financing activities | 176053300000 | ||
| Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes | 9265600000 | ||
| Effect of exchange rate changes on cash and cash equivalents | |||
| Effect of exchange rate changes on cash and cash equivalents | 1500000 | ||
| Net increase (decrease) in cash and cash equivalents | 9267100000 | ||
| Cash and cash equivalents cash flow statement at beginning of period | 9035400000 | ||
| Cash and cash equivalents cash flow statement at end of period | 18302500000 | ||
Statement of Asset and Liabilities |
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|---|---|---|---|
| Particulars | Year ended (dd-mm-yyyy) | ||
| Date of start of reporting period | 01-Apr-2024 | ||
| Date of end of reporting period | 31-Mar-2025 | ||
| Whether results are audited or unaudited | Audited | ||
| Nature of report standalone or consolidated | Consolidated | ||
| Assets | |||
| 1 | Finanical Asset | ||
| Cash and cash equivalents | 18302500000 | ||
| Bank Balance other than (a) above | 40169500000 | ||
| Derivative financial instruments | 309500000 | ||
| Receivables | |||
| (I) Trade Receivables | 2466900000 | ||
| (II) Other Receivables | |||
| Loans | 1235135600000 | ||
| Investments | 105897900000 | ||
| Other Financial assets | 2628400000 | ||
| Total Financial Assets | 1404910300000 | ||
| 2 | Non Financial Asset | ||
| Inventories | 0 | ||
| Current tax assets (Net) | 7363600000 | ||
| Deferred tax Assets (Net) | 8285500000 | ||
| Investment Property | 0 | ||
| Biological assets other than bearer plants | |||
| Property, Plant and Equipment | 10271300000 | ||
| Capital work-in-progress | 5200000 | ||
| Intangible assets under development | 656400000 | ||
| Goodwill | 0 | ||
| Other Intangible assets | 1798200000 | ||
| Other non-financial assets (to be specified) | 7762100000 | ||
| Total Non Financial Assets | 36142300000 | ||
| Total assets | 1441052600000 | ||
| Equity and liabilities | |||
| 1 | Equity | ||
| Equity attributable to owners of parent | |||
| Equity share capital | 2469800000 | ||
| Other equity | 212824800000 | ||
| Total equity attributable to owners of parent | 215294600000 | ||
| Non controlling interest | 435200000 | ||
| Total equity | 215729800000 | ||
| 2 | Liabilities | ||
| 2.1 | Financial Liabilities | ||
| (a) | Derivative financial instruments | 3916100000 | |
| (b) | Payables | ||
| (I)Trade Payables | |||
| (i) total outstanding dues of micro enterprises and small enterprises | 3300000 | ||
| (ii) total outstanding dues of creditors other than micro enterprises and small enterprises | 14403200000 | ||
| II) Other Payables | |||
| (i) total outstanding dues of micro enterprises and small enterprises | 27100000 | ||
| (ii) total outstanding dues of creditors other than micro enterprises and small enterprises | 178700000 | ||
| (C ) | Debt Securities | 298619000000 | |
| (d) | Borrowings (Other than Debt Securities) | 717535300000 | |
| (e) | Deposits | 113739700000 | |
| (f) | Subordinated Liabilities | 61038400000 | |
| (g) | Other financial liabilities | 10424400000 | |
| Total Financial Liabilities | 1219885200000 | ||
| 2.2 | Non-Financial Liabilities | ||
| (a) | Current tax liabilities (Net) | 822200000 | |
| (b) | Provisions | 2567400000 | |
| (C ) | Deferred tax liabilities (Net) | 0 | |
| (d) | Other non-financial liabilities | 2048000000 | |
| Total Non Financial Liabilities | 5437600000 | ||
| Total liabilities | 1225322800000 | ||
| Total equity and liabilites | 1441052600000 | ||
| Disclosure of notes on assets and liabilities | |||
Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results |
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|---|---|---|---|
| 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-Oct-2024 | 01-Apr-2024 |
| B | Date of end of reporting period | 31-Mar-2025 | 31-Mar-2025 |
| Whether accounts are audited or unaudited | Audited | Audited | |
| Nature of report standalone or consolidated | Consolidated | Consolidated | |
| 1 | Segment Revenue (Income) | ||
| (net sale/income from each segment should be disclosed) | |||
| 1 | Financing activities | 44806300000 | 171412000000 |
| 2 | Others# | 4274800000 | 14508200000 |
| Total Segment Revenue | 49081100000 | 185920200000 | |
| Less: Inter segment revenue | 112700000 | 615600000 | |
| Revenue from operations | 48968400000 | 185304600000 | |
| 2 | Segment Result | ||
| Profit (+) / Loss (-) before tax and interest from each segment | |||
| 1 | Financing activities | 4995100000 | 27097200000 |
| 2 | Others# | 1099600000 | 3171900000 |
| Total Profit before tax | 6094700000 | 30269100000 | |
| i. Finance cost | 0 | 0 | |
| ii. Other Unallocable Expenditure net off Unallocable income | 0 | 0 | |
| Profit before tax | 6094700000 | 30269100000 | |
| 3 | (Segment Asset - Segment Liabilities) | ||
| Segment Asset | |||
| 1 | Financing activities | 1416035400000 | 1416035400000 |
| 2 | Others# | 9368100000 | 9368100000 |
| Total Segment Asset | 1425403500000 | 1425403500000 | |
| Un-allocable Assets | 15649100000 | 15649100000 | |
| Net Segment Asset | 1441052600000 | 1441052600000 | |
| 4 | Segment Liabilities | ||
| Segment Liabilities | |||
| 1 | Financing activities | 1221582000000 | 1221582000000 |
| 2 | Others# | 2918600000 | 2918600000 |
| Total Segment Liabilities | 1224500600000 | 1224500600000 | |
| Un-allocable Liabilities | 822200000 | 822200000 | |
| Net Segment Liabilities | 1225322800000 | 1225322800000 | |
| Disclosure of notes on segments | Textual Information(1) | ||
Text Block |
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|---|---|---|---|
| Textual Information(1) | # 'Others' includes Insurance Broking and Asset Management Services and Trusteeship. | ||
Other Comprehensive Income |
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|---|---|---|---|
| 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-Oct-2024 | 01-Apr-2024 |
| B | Date of end of reporting period | 31-Mar-2025 | 31-Mar-2025 |
| C | Whether results are audited or unaudited | Audited | Audited |
| D | Nature of report standalone or consolidated | Consolidated | Consolidated |
| 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 | -95000000 | -74900000 |
| 2 | Net gain/(loss) on equity instruments through OCI | 842600000 | 842600000 |
| 3 | Share of other comprehensive income / (loss) of equity accounted investees | 500000 | -1000000 |
| Total Amount of items that will not be reclassified to profit and loss | 748100000 | 766700000 | |
| 2 | Income tax relating to items that will not be reclassified to profit or loss | 188500000 | 193300000 |
| 3 | Amount of items that will be reclassified to profit and loss | ||
| 1 | Exchange differences in translating the financial statements of foreign operations | -11000000 | 33600000 |
| 2 | Net gain/(loss) on debt instruments through OCI | 358800000 | 973800000 |
| 3 | Effective portion of gain/(loss) on designated portion of hedging instrumentsn in a cash flow hedge | -731300000 | -622300000 |
| 4 | Share of other comprehensive income / (loss) of equity accounted investees | -9500000 | 216400000 |
| Total Amount of items that will be reclassified to profit and loss | -393000000 | 601500000 | |
| 4 | Income tax relating to items that will be reclassified to profit or loss | -93700000 | 88500000 |
| 5 | Total Other comprehensive income | 260300000 | 1086400000 |
Details of Impact of Audit Qualification |
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|---|---|
| Whether results are audited or unaudited | Audited |
| Declaration of unmodified opinion or statement on impact of audit qualification | Declaration of unmodified opinion |
| Auditor's opinion | |
| Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results | Yes |
| Sr No. | Audit firm's name | Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI | Certificate valid upto | ||
| 1 | M/s. M M Nissim & Co LLP , Chartered Accountants | Yes | 31-Mar-2028 | ||
|---|---|---|---|---|---|
| 2 | M/s. M P Chitale & Co., Chartered Accountants | Yes | 31-Jul-2025 | ||
Financial details |
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| Sr. | Particulars | Audited Figures (as reported before adjusting for qualifications) | Adjusted Figures (audited figures after adjusting for qualifications) |
| 1 | Turnover / Total income | ||
| 2 | Total Expenditure | ||
| 3 | Net Profit/(Loss) | ||
| 4 | Earnings Per Share | ||
| 5 | Total Assets | ||
| 6 | Total Liabilities | ||
| 7 | Net Worth | ||
Signatories details |
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|---|---|
| Name of CEO / Managing director | |
| Name of CFO | |
| Name of audit committee chairman | |
| Name of statutory auditor | |
| Name of other signatory, if any, with designation | |
| Place | |
| Date | |