Mumbai: Mahindra & Mahindra Financial Services Limited reported a standalone net profit of ₹810 crore for the third quarter ending December 31, 2025, marking a sequential recovery from the previous quarter. The company's total income rose to ₹4,773 crore, supported by robust interest income and higher fee-based revenue from its insurance broking segment. A significant reduction in impairment provisions to ₹470 crore, down from ₹751 crore in Q2, contributed to the improved bottom line.
For the nine-month period (Apr-Dec 2025), the NBFC's standalone net profit stood at ₹1,909 crore. The Board also accounted for a one-time exceptional item of ₹117 crore related to provisions for new labour codes. The company's asset quality remained stable, with Gross Stage 3 assets at 3.80% and a healthy Provision Coverage Ratio of 53.02%, reflecting prudent risk management amid expanding rural and semi-urban lending.