The company's business assets stood at Rs 85,500 crore, higher by approximately 3.3% over March 2023.

The collection efficiency (CE) was at 96% for May 2023 as against 95% for May 2022.

Mahindra Finance said that the stage-3 and stage-2 assets continued to remain range-bound compared to March 2023. The company continued to maintain comfortable liquidity chest of about 3 months' requirement.

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 USD 11 billion. The company is a leading vehicle and tractor financier, provides loans to SMEs and also offers fixed deposits.

The non-banking financial company's (NBFC) standalone net profit rose 13.9% to Rs 684.12 crore on 24% jump in total income to Rs 3,057 crore in Q4 FY23 over Q4 FY22.