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Mahindra & Mahindra Financial Services has estimated the overall disbursement at ~ Rs. 5,600 crore in month of March 2023 delivering a 42% Y-o-Y growth. The Q4FY2023 disbursements at ~ Rs. 13,750 crores registered a growth of 50% Y-o-Y. FY2023 disbursement was approximately at Rs. 49,500 crore registering a Y-o-Y growth of 80%.
Healthy disbursement trends during FY2023 have led to Business Assets at ~ Rs. 82,300 crore, growth of ~ 7% over December 2022 and ~ 27% over March 2022.
The Collection Efficiency (CE) was at 105% for March 2023. The current quarter's CE was at 99% (100% for Q4FY2022).
Stage-3 expected at 4.6% (5.9% as at December 2022) and Stage-2 expected at 6.7% (8.4% as at December 2022) have continued to improve.
Compared to Stage-3 assets, Gross Non-Performing Assets (‘GNPA') (as per Income Recognition, Asset Classification and Provisioning norms) are estimated to be higher by ~ 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.
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