Mahindra & Mahindra Financial Services (Mahindra Finance) has reported overall disbursement at around Rs 6,100 crore in March 2024, delivering a 9% growth over March 2023. The Q4FY24 disbursements at about Rs 15,300 crore registered a growth of 11% Year-on-Year (Y-o-Y) and for the full year disbursement at around Rs 56,200 crore registered a growth of 13% Y-o-Y.
Healthy disbursement trends during FY24 have led to Business Assets at around Rs 1,02,400 crore as at March 31, 2024, a growth of about 24% over March 31, 2023 and approximately 6% over December 31, 2023. The Collection Efficiency (CE) was at 101% for March 2024 (In March 2023, CE was 105%).
Mahindra Finance is one of India’s leading non-banking finance companies.
