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M&M Financial Services Q2 Disbursements Soar 22% to ₹16,490 Crore; Approves ₹2,000 Crore NCD Issue
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CNBC TV18•02-10-2026, 22:56
M&M Financial Services Q2 Disbursements Soar 22% to ₹16,490 Crore; Approves ₹2,000 Crore NCD Issue
- •M&M Financial Services reported a 22% year-on-year increase in Q2 FY27 disbursements, reaching approximately ₹16,490 crore.
- •H1 FY27 disbursements also grew by 22% YoY, totaling an estimated ₹32,050 crore, excluding finance lease.
- •Business assets expanded by 15% from September 2025 to approximately ₹1,46,300 crore as of September 2026.
- •Collection efficiency improved to an estimated 97% for Q2 FY27, up from 96% in Q2 FY26.
- •The company approved the issuance of secured, rated, listed, redeemable non-convertible debentures (NCDs) worth up to ₹2,000 crore, with a fixed coupon of 7.95% per annum and a tenure of 1,095 days.
Key Questions Answered
M&M Financial Services estimated its overall disbursements for Q2 FY27 at approximately ₹16,490 crore, marking a 22% year-on-year growth compared to the previous year.
The company maintained a comfortable liquidity position on its balance sheet with a robust liquidity chest exceeding ₹16,200 crore.
The firm approved issuing up to ₹2,000 crore of secured, rated, listed, redeemable non-convertible debentures through private placement, featuring a base size of ₹1,000 crore, a green shoe option of an additional ₹1,000 crore, a fixed coupon of 7.95% per annum, and a tenure of nearly 3 years maturing on September 28, 2029.
