Q1 2025 Mahindra and Mahindra Financial Services Ltd Earnings Call Transcript
Key Points
- Strong PAT growth of 45% year-on-year, reaching INR 513 crores.
- Continued AUM growth of 23% year-on-year.
- Income growth remains steady at 20% year-on-year.
- Lower credit cost at 1.5% compared to 2.1% in the same quarter last fiscal year.
- Corporate agency license received, enabling fee-based income growth with six active tie-ups already in place.
- Disbursement growth was moderate at 5% year-on-year, impacted by election disruptions, heat waves, and flooding.
- GST numbers increased from 3.4% in Q4 last year to 3.56% in Q1.
- GS2 numbers increased from 5% in Q4 to 6.1%, indicating temporary delays in certain customer and product segments.
- NIMS slightly lower than last quarter and last year's same time due to elevated cost of funds.
- Pre-owned vehicle growth was lower than expected, and tractor segment experienced a degrowth.
Ladies and gentlemen, good day, and welcome to the Mahindra & Mahindra Financial Services Q1 FY25 Earnings Conference Call hosted by Motilal Oswal Financial Services Limited. Please note this call is not for media representatives, investment bankers or commercial bankers, including corporate and commercial, affects. All such individuals are instructed to disconnect now.
A replay will be available from Motilal Oswal Financial Services Limited and commercial bankers, including corporate and commercial FX. The replay is not available to the media. (Operator instructions). Please note that this conference is being recorded.
I now hand the conference over to Mr. Abhijit Tibrewal. Thank you, and over to you, sir.
Thank you, Siddhant. Good evening, everyone. I am Abhijit Tibrewal from Motilal Oswal. Thank you very much for joining us for the Mahindra Finance earnings call to discuss Q1 FY25 results. To discuss the earnings, I am pleased to welcome Mr. Raul Rabello, Managing Director and CEO; Mr. Vivek
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