<ul data-eligibleForWebStory="false"><li>Mahindra Finance's Q1 performance was described as 'muted' by Morgan Stanley, citing concerns over asset quality and growth prospects.</li><li>Disbursements fell 18% quarter-on-quarter, below estimates, while AUM growth moderated with gross assets rising by 15% YoY and 2% QoQ.</li><li>The Gross Stage 3 ratio increased to 3.8-3.9%, indicating deterioration in asset quality, with collection efficiency dropping to 95% in Q1 FY26.</li><li>Morgan Stanley maintained an 'equal-weight' rating on Mahindra Finance, noting concerns about growth and asset quality, forecasting ROA and ROE for future fiscal years.</li></ul>

Mahindra Finance Q1 Performance Muted Amid Asset Quality Concerns, Says Morgan Stanley

Discover more