Mahindra & Mahindra Financial Services has informed that in November 2023, it estimated the overall disbursement at approximately Rs 5,300 crores, delivering a 16% growth over previous year. The YTD November 2023 disbursements at about Rs. 36,000 crores registered a growth of 16% Y-o-Y. Healthy disbursement trends in the current period have led to Business Assets at around Rs. 96,600 crores, growth of about 17% over March 2023 and approximately 26% over November 2022. The Collection Efficiency (CE) was at 94% for November 2023 (In November 2022, CE was 96%). Stage-3 and Stage-2 assets continued to remain range bound compared to September 2023. The Company continued to enjoy a comfortable liquidity position on its Balance Sheet, with a liquidity chest of over 2.5 months.
The above information is a part of company’s filings submitted to BSE.
