Mahindra & Mahindra Financial Services (Mahindra Finance) has reported overall disbursement at around Rs 4,730 crore, delivering a 13% growth over previous year. The YTD February 2024 disbursement is estimated at around Rs 50,090 crore registering a growth of 14% Year-on-Year.
Healthy disbursement trends during the year till date have led to Business Assets crossing the milestone of Rs 1 lakh crore, a growth of about 21% over March 2023 and approximately 24% over February 2023.
The Collection Efficiency (CE) was at 97% for February 2024 (In February 2023, CE was 97%). Stage-3 and Stage-2 assets continued to remain rangebound compared to December 2023. The Company continued to enjoy a comfortable liquidity position on its Balance Sheet, with a liquidity chest of over Rs 7,600 crore.
Mahindra Finance is one of India’s leading non-banking finance companies.
