The Q4 FY2023 disbursements approximately aggregated to Rs 13,750 crore, up 50% on Y-o-Y basis.

FY2023 disbursement was approximately at Rs 49,500 crore, registering a Y-o-Y growth of 80%.

With healthy disbursement trends during FY2023, business assets added up to approximately Rs 82,300 crore, a growth of approximately 7% over December 2022 and approximately 27% over March 2022.

The collection efficiency (CE) was at 105% for March 2023. The current quarter's CE was at 99% as compared with 100% for Q4 FY2022.

Stage-3 is expected to be at 4.6% as against 5.9% as at December 2022. Stage-2 is expected to be at 6.7% as compared with 8.4% as at December 2022, continuing to show improvement.

Compared to Stage-3 assets, gross non-performing assets (GNPA) are estimated to be higher by approximately Rs 1,200 crore, requiring no additional provisions over and above the expected credit loss (ECL) provision for FY2023.

"The company continued to maintain comfortable liquidity chest of about 3 months' requirement,” Mahindra Finance said in a statement.

Mahindra & Mahindra Financial Services (Mahindra Finance), part of the Mahindra Group, is one of India's leading non-banking finance companies. Focused on the rural and semi-urban sector, the company has over 8.7 million customers and has an AUM of over $11 Billion. The company is a leading vehicle and tractor financier, provides loans to SMEs and also offers fixed deposits.

The NBFC reported 30% drop in standalone net profit to Rs 629 crore in Q3 FY23 from Rs 894 crore in Q3 FY22. Total Income in the third quarter was at Rs 2,892 crore, up 14% YoY.

The scrip rose 2.44% to end at Rs 237.55 on the BSE yesterday.

The domestic bourses are shut today (4 April 2023) on account of Mahavir Jayanti.