2025-01-24 02:26:23 pm | Source: Motilal Oswal Financial Services Ltd
Company Update : Mahindra Finance By Motilal Oswal Financial Services Ltd
Business Assets rose ~18% YoY | Stage 2+Stage 3 remains stable QoQ
Key takeaways from Dec’24 business update:
* 3QFY25 disbursements at INR164.5b, grew 7% YoY. 9MFY25 disbursements stood at ~INR423.5b and grew ~4% YoY.
* Gross business assets as of Dec’24 stood at ~INR1.15t, up 18% YoY/2% QoQ.
* 3QFY25 CE stood at 95% (PY: 95% and PQ: 96%).
* MMFS reported that its Stage 3 is estimated at 3.9% (PQ: 3.8%) and Stage 2 is estimated at 6.3% (PQ: 6.4%).
* As of Dec’24, MMFS maintained a comfortable liquidity position with a liquidity chest of ~INR91b
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