Mahindra & Mahindra Financial Services has informed about updates for the month of May 2022: In May 2022, the business of the Company continued its momentum with a disbursement of approximately Rs. 2,973 Crores delivering a 272% Y-o-Y growth. The YTD disbursements at approximately Rs 5,686 Crores, registered a Y-o-Y growth of 169%. The collection efficiency (CE) was at 95% for May 2022 in comparison to a subdued CE of 67% for May 2021 which was affected due to Covid related lockdowns. The CE is in line with pre-Covid levels. With momentum in collections witnessed so far, the Company expected a lower volatility on Stage 3 assets during Q1 FY 2023. The Company continued to hold adequate liquidity buffer of approximately Rs 8,775 crores as on 31st May 2022 which covers almost 3 months funds requirement.
The above information is a part of company’s filings submitted to BSE.
