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MAHINDRA & MAHINDRA FINANCIAL SERVICES Financial Statement Analysis
[BOM: 532720|NSE : M&MFIN]

The Revenues of MAHINDRA & MAHINDRA FINANCIAL SERVICES have increased by 13.77% YoY .
The Earnings Per Share (EPS) of MAHINDRA & MAHINDRA FINANCIAL SERVICES has increased by 12.12 % YoY.
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MAHINDRA & MAHINDRA FINANCIAL SERVICES Last 5 Annual Financial Results
[BOM: 532720|NSE : M&MFIN]

ConsolidatedMar2026
Mar2025
Mar2024
Mar2023
Mar2022
Operating Income ₹21,005 Cr₹18,463 Cr₹15,797 Cr₹12,700 Cr₹11,318 Cr
Expenses ₹7,878 Cr₹6,832 Cr₹6,212 Cr₹6,120 Cr₹5,433 Cr
Operating Profit (Excl OI) ₹13,127 Cr₹11,631 Cr₹9,584 Cr₹6,580 Cr₹5,885 Cr
Other Income ₹81 Cr₹175 Cr₹182 Cr₹1,557 Cr₹169 Cr
Interest ₹8,934 Cr₹8,523 Cr₹6,959 Cr₹5,094 Cr₹4,417 Cr
Depreciation ₹386 Cr₹321 Cr₹275 Cr₹226 Cr₹152 Cr
Profit Before Tax ₹3,826 Cr₹3,027 Cr₹2,588 Cr₹2,804 Cr₹1,549 Cr
Profit After Tax ₹2,861 Cr₹2,261 Cr₹1,943 Cr₹2,071 Cr₹1,150 Cr
Consolidated Net Profit ₹2,855 Cr₹2,262 Cr₹1,933 Cr₹2,072 Cr₹1,137 Cr
Earnings Per Share (Rs)₹20.54₹18.32₹15.66₹16.80₹9.22
PAT Margin (%)13.6212.2512.3016.3110.16
ROE(%)11.8911.1310.3211.717.06
ROCE(%)8.638.928.758.827.46
Total Debt/Equity(x)4.835.545.144.403.69

Key Financials

Market Cap : ₹ 51,902.6 Cr
Revenue (TTM) : ₹ 21,732.7 Cr
Net Profit(TTM) : ₹ 3,187.9 Cr
EPS (TTM) : ₹ 22.9
P/E (TTM) : 16.3

Industry Peers & Returns1W1M1Y
MAHINDRA & MAHINDRA FINANCIAL SERVICES -0.1% -4% 45.9%
BAJAJ FINANCE -0.4% -7.8% 17.6%
SHRIRAM FINANCE -4.8% -8.6% 78.3%
JIO FINANCIAL SERVICES 0.4% -9.2% -24.3%
MUTHOOT FINANCE -2.3% 1% 8.3%
CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY -1.7% -5.2% 27.9%
TATA CAPITAL 1.9% -2.1% NA
BAJAJ HOLDINGS & INVESTMENT -2.2% -2.4% -11.2%
ADITYA BIRLA CAPITAL 0.2% -4.8% 42.5%


MAHINDRA & MAHINDRA FINANCIAL SERVICES Revenues
[BOM: 532720|NSE : M&MFIN]

Y-o-Y

13.77 %

5 Yr CAGR

16.72 %

Years Revenues % Change
Mar2026 ₹21,005 Cr
13.77
Mar2025 ₹18,463 Cr
16.88
Mar2024 ₹15,797 Cr
24.39
Mar2023 ₹12,700 Cr
12.21
Mar2022 ₹11,318 Cr -


MAHINDRA & MAHINDRA FINANCIAL SERVICES Operating Profit
[BOM: 532720|NSE : M&MFIN]

Y-o-Y

12.87 %

5 Yr CAGR

22.21 %

Years Operating Profit % Change
Mar2026 ₹13,127 Cr
12.87
Mar2025 ₹11,631 Cr
21.35
Mar2024 ₹9,584 Cr
45.67
Mar2023 ₹6,580 Cr
11.81
Mar2022 ₹5,885 Cr -

Operating Margins
Y-o-Y

-0.78 %

5 Yr CAGR

4.71 %

Years Operating Margin% % Change
Mar2026 62.5%
-0.78
Mar2025 62.99%
3.82
Mar2024 60.67%
17.10
Mar2023 51.81%
-0.35
Mar2022 51.99% -

MAHINDRA & MAHINDRA FINANCIAL SERVICES Profit After Tax
[BOM: 532720|NSE : M&MFIN]

Y-o-Y

26.20 %

5 Yr CAGR

25.88 %

Years Profit After Tax % Change
Mar2026 ₹2,855 Cr
26.20
Mar2025 ₹2,262 Cr
17.03
Mar2024 ₹1,933 Cr
-6.74
Mar2023 ₹2,072 Cr
82.29
Mar2022 ₹1,137 Cr -

PAT Margins
Y-o-Y

11.18 %

5 Yr CAGR

7.60 %

Years PAT Margin(%) % Change
Mar2026 13.62 %
11.18
Mar2025 12.25 %
-0.41
Mar2024 12.3 %
-24.59
Mar2023 16.31 %
60.53
Mar2022 10.16 % -

MAHINDRA & MAHINDRA FINANCIAL SERVICES Earnings Per Share (EPS)
[BOM: 532720|NSE : M&MFIN]

Y-o-Y

12.12 %

5 Yr CAGR

22.17 %

Years EPS % Change
Mar2026 ₹21
12.12
Mar2025 ₹18
16.99
Mar2024 ₹16
-6.79
Mar2023 ₹17
82.21
Mar2022 ₹9.22 -

MAHINDRA & MAHINDRA FINANCIAL SERVICES Return on Capital Employed (ROCE)
[BOM: 532720|NSE : M&MFIN]

Y-o-Y

-3.25 %

5 Yr CAGR

3.71 %

Years ROCE % Change
Mar2026 8.63%
-3.25
Mar2025 8.92%
1.94
Mar2024 8.75%
-0.79
Mar2023 8.82%
18.23
Mar2022 7.46% -

MAHINDRA & MAHINDRA FINANCIAL SERVICES Share Price vs Sensex

Current Share Price : ₹373.4
Current MarketCap: ₹ 51,902.6 Cr
Updated EOD on :Sep 04,2026

Share Price Returns(%) 1 Week 1 Month 1 Year
MAHINDRA & MAHINDRA FINANCIAL SERVICES

-0.1%

-4%

45.9%

SENSEX

-1%

-2.6%

-4.1%

MAHINDRA & MAHINDRA FINANCIAL SERVICES related INDICES

BSE Indices1W1M1Y
BSE FINANCIAL SERVICES -0.5% -1.4% 3.6%
BSE DIVERSIFIED FINANCIALS REVENUE GROWTH INDEX -0.6% -0.3% 10.4%
BSE 400 MIDSMALLCAP INDEX -0.9% -0.1% 10.1%
BSE 1000 -1% -1.6% 3.9%
BSE 500 -1.1% -1.9% 3.1%

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FAQ about MAHINDRA & MAHINDRA FINANCIAL SERVICES Financials


How the annual revenues of MAHINDRA & MAHINDRA FINANCIAL SERVICES have changed ?

The Revenues of MAHINDRA & MAHINDRA FINANCIAL SERVICES have increased by 13.77% YoY .

How the Earnings per Share (EPS) of MAHINDRA & MAHINDRA FINANCIAL SERVICES have changed?

The Earnings Per Share (EPS) of MAHINDRA & MAHINDRA FINANCIAL SERVICES has increased by 12.12 % YoY .