Q1 2025 Mahindra and Mahindra Ltd Earnings Call Transcript
Key Points
- Strong PAT growth of 45% year over year, reaching INR 513 crores.
- Continued AUM growth of 23% YoY, maintaining strong levels.
- Income growth remained steady at 20% YoY.
- Lower credit cost at 1.5% compared to 2.1% in the same quarter last fiscal.
- Corporate agency license received, enabling augmentation of fee-based income with six active tie-ups.
- Disbursement growth was moderate at 5% YoY, impacted by election disruptions, heat waves, and flooding.
- GS3 numbers increased slightly from 3.4% to 3.56%, indicating some asset quality concerns.
- NIMs were slightly lower than the previous quarter and last year's same time due to elevated cost of funds.
- Pre-owned vehicle growth was below expectations for the quarter.
- Tractor segment experienced a degrowth, reflecting industry cooling off.
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. (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'm 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 Rebello, Managing Director and CEO; Mr. Vivek Karve, Chief Financial Officer; Mr. Sandeep Mandrekar, Chief Business Officer.
Thank you, Abhijit and Motilal Oswal team. Hello, everyone. And I know many of you are joining from different parts of the globe in whichever
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