Mahindra & Mahindra Financial Services Limited (BOM:532720)

BOM:532720 Income Statement

Financials in millions INR. Fiscal year is April - March.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Interest and Dividend Income	175,341	165,664	144,123	120,295	108,581	117,039
Total Interest Expense	88,546	83,997	69,411	50,862	43,736	50,675
Net Interest Income	86,795	81,667	74,712	69,433	64,845	66,364
Commissions and Fees	6,999	5,279	1,843	1,806	1,099	755.9
Gain (Loss) on Sale of Investments	100.2	100.2	51.5	349.1	795.1	1,068
Other Revenue	15,108	14,219	13,616	5,841	3,514	2,838
Revenue Before Loan Losses	109,003	101,264	90,222	77,429	70,253	71,026
Provision for Loan Losses	22,558	20,854	19,567	11,832	26,892	39,997
Revenue	86,445	80,411	70,655	65,597	43,362	31,029
Revenue Growth (YoY)	13.39%	13.81%	7.71%	51.28%	39.74%	-26.17%
Salaries & Employee Benefits	24,419	23,549	22,614	21,153	16,131	13,840
Cost of Services Provided	11,892	11,025	9,413	3,490	1,973	1,392
Other Operating Expenses	14,337	13,050	10,638	10,569	8,903	7,646
Total Operating Expenses	54,114	50,837	45,414	37,471	28,405	24,382
Operating Income	32,331	29,574	25,241	28,126	14,956	6,647
Earnings From Equity Investments	673.5	652.3	561.1	433.2	450.2	395.4
EBT Excluding Unusual Items	33,005	30,226	25,802	28,559	15,407	7,042
Gain (Loss) on Sale of Investments	-	-	9.8	6.4	-12.1	9.6
Other Unusual Items	-	-	-	-560.6	205.7	2,285
Pretax Income	33,048	30,269	25,882	28,038	15,494	9,341
Income Tax Expense	8,359	7,660	6,451	7,326	3,991	1,539
Earnings From Continuing Ops.	24,689	22,609	19,431	20,712	11,503	7,803
Minority Interest in Earnings	-17.2	10	-103.6	12	-134.7	-70.7
Net Income	24,671	22,619	19,327	20,724	11,369	7,732
Net Income to Common	24,671	22,619	19,327	20,724	11,369	7,732
Net Income Growth	13.17%	17.03%	-6.74%	82.29%	47.03%	-28.08%
Shares Outstanding (Basic)	1,264	1,235	1,234	1,233	1,232	1,106
Shares Outstanding (Diluted)	1,264	1,235	1,235	1,234	1,234	1,108
Shares Change (YoY)	0.58%	0.04%	0.02%	0.05%	11.32%	79.81%
EPS (Basic)	19.52	18.32	15.66	16.81	9.23	6.99
EPS (Diluted)	19.51	18.31	15.65	16.79	9.21	6.98
EPS Growth	12.53%	17.00%	-6.79%	82.30%	31.95%	-59.98%
Free Cash Flow	-130,911	-160,438	-187,719	-178,086	-2,826	57,804
Free Cash Flow Per Share	-103.54	-129.90	-152.05	-144.27	-2.29	52.16
Dividend Per Share	6.500	6.500	6.300	6.000	3.600	0.800
Dividend Growth	3.17%	3.17%	5.00%	66.67%	350.00%	-
Operating Margin	37.40%	36.78%	35.73%	42.88%	34.49%	21.42%
Profit Margin	28.54%	28.13%	27.35%	31.59%	26.22%	24.92%
Free Cash Flow Margin	-151.44%	-199.52%	-265.68%	-271.49%	-6.52%	186.29%
Effective Tax Rate	25.29%	25.31%	24.93%	26.13%	25.76%	16.47%
Revenue as Reported	197,592	185,305	159,703	128,324	114,005	121,705

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Financial Services template. Financial Sources.