Mahindra & Mahindra Monetary Companies Ltd., a non-bank lender, reported a 9% fall in standalone web revenue to Rs 563 crore for the quarter ended March of fiscal 2025 in comparison with Rs 619 crore revenue recorded in the identical interval final yr.
For fiscal 2025, the corporate’s post-tax revenue surged 33% to Rs 2,345 crore, in comparison with Rs 1,760 crore in fiscal 2024.
Its core web curiosity revenue grew to Rs 2,156 crore, denoting a 9% rise pushed by a 17% surge within the mortgage e-book. The corporate’s curiosity margin narrowed to six.5% from 7.1% final yr.
Disbursements rose 2% through the quarter, whereas provisions or credit score prices elevated 34% to Rs 457 crore, up from Rs 341 crore final yr, impacting the underside line.
On the asset high quality entrance, the GS2+GS3 ratio stood at 9.1%, with stage 3 at 3.7%. The corporate’s capital adequacy ratio remained robust at 18.3%, and it maintained a liquidity buffer of Rs 10,400 crore.
(With PTI Inputs)
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