Mahindra Finance on Tuesday reported a 6% increase in consolidated net profit to ₹529 crore in the June quarter.
The city-headquartered company had posted a net profit of ₹497 crore in the corresponding period a year ago.
On a standalone basis, its profit after tax rose 3 per cent to ₹530 crore in the first quarter of FY26 against ₹513 crore in the year-ago period, but was 6% lower than the preceding March quarter's PAT of ₹563 crore.
The company's disbursements grew 1% to ₹12,808 crore during the reporting quarter, while the gross loan book on June 30 was 15% higher at ₹1.22 lakh crore.
Its total income climbed 18% to ₹4,438 crore in Q1FY26, and the core net interest income increased by a similar quantum to ₹2,285 crore, according to a regulatory filing.
The net interest margin widened to 6.7% from 6.6% a year ago.
The credit costs jumped 47% to ₹660 crore or 1.95% of average total assets against 1.5% a year ago.
The overall capital adequacy stood at 20.6% on June 30, with the core tier-1 capital at 17.9%
Shares of Mahindra and Mahindra Financial Services gained 1.01% to close at ₹265.60 apiece on the BSE, as against a 0.02% correction on the benchmark.
