Mahindra Finance Disbursement Rises By 16 percent YoY In November 2023

Mahindra Finance Disbursement Rises By 16 percent YoY In November 2023

The YTD November 2023 disbursements at about Rs. 36,000 crores registered a growth of 16 percent Y-o-Y.

FPJ Web DeskUpdated: Monday, December 04, 2023, 05:10 PM IST
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Mahindra Finance Disbursement Rises By 16 percent YoY In November 2023 | Mahindra Finance

In November 2023, Mahindra & Mahindra Financial Services Limited estimated the overall disbursement at approximately Rs. 5,300 crores, delivering a 16 percent growth over previous year, the company on Monday announced through an exchange filing.

The YTD November 2023 disbursements at about Rs. 36,000 crores registered a growth of 16 percent Y-o-Y.

Healthy disbursement trends in the current period have led to Business Assets at around Rs. 96,600 crores, growth of about 17% over March 2023 and approximately 26% over November 2022.

Collection efficiency

The Collection Efficiency (CE) was at 94% for November 2023 (In November 2022, CE was 96%).

Stage-3 and Stage-2 assets continued to remain rangebound compared to September 2023. The Company continued to enjoy a comfortable liquidity position on its Balance Sheet, with a liquidity chest of over 2.5 months.

Mahindra & Mahindra Financial Services Limited shares

The shares of Mahindra & Mahindra Financial Services Limited on Monday at 3:30 pm IST were at Rs 278.05, up by 1.61 percent.

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