M&M Financial Q3 Profit Exceeds Estimates, Asset Quality Improves

• M&M Financial Services reported a net profit of ₹810.4 crore in Q3, surpassing the CNBC-TV18 poll estimate of ₹728 crore.
• Despite beating estimates, the net profit declined year-on-year from ₹899.5 crore in the same quarter last year.
• Net interest income grew 20.6% year-on-year to ₹2,304 crore, driven by steady loan growth, though it missed estimates.
• Disbursements increased 7% year-on-year to ₹17,600 crore in Q3, with business assets growing 12% to ₹1.29 lakh crore.
• Asset quality improved, with stable collection efficiency at 95% and Stage-2 assets declining to 5.4–5.5%.

Why It Matters: M&M Financial's Q3 profit beat estimates, showing improved asset quality and strong loan growth despite a YoY profit dip.