Mahindra & Mahindra Financial Services (Mahindra Finance) has reported overall disbursement at around Rs 4,440 crore in January 2024, delivering a 11% growth over previous year. The YTD January 2024 disbursement is estimated at around Rs 45,350 crore registering a growth of 14% Year-on-Year. Healthy disbursement trends during the period have led to Business Assets at around Rs 98,200 crore, growth of about 18% over March 2023 and around 25% over January 2023.
The Collection Efficiency was at 95% for January 2024 (In January 2023, CE was 95%). Stage-3 and Stage-2 assets continued to remain range bound compared to December 2023. The Company continued to enjoy a comfortable liquidity position on its Balance Sheet, with a liquidity chest of over Rs 9000 crore.
Mahindra Finance is one of India’s leading non-banking finance companies.
