Mahindra Finance Sees January-March Disbursements Up 1% At ₹128 Billion

Mahindra & Mahindra Financial Services Ltd. on Wednesday said its disbursements in the April–June quarter are estimated to have risen 1% on year to ₹128 billion. Business assets are projected at ₹1.22 trillion as of June 30, up around 15% from a year ago, the company said in an exchange filing.

Collection efficiency in the quarter is seen at 95%, marginally higher than 94% a year ago.
Stage-3 assets are estimated in the range of 3.8% to 3.9%, while stage-2 assets are projected between 5.8% and 5.9%, as of June 30.

The company continues to maintain a comfortable liquidity buffer of over ₹96 billion.