M&M Financial Q4: Disbursements Up 11%, Asset Quality Improves Significantly

• M&M Financial Services reported an 11% YoY rise in Q4 disbursements to ₹17,180 crore.
• Full-year disbursements for FY26 grew 6% to ₹61,100 crore, excluding finance leases.
• Business assets increased 12% to ₹1.33 lakh crore as of March 31, 2026.
• Collection efficiency remained steady at 98% for Q4 FY26, with full-year efficiency improving to 96%.
• Asset quality improved: Stage-3 assets estimated at 3.4-3.5%, Stage-2 assets moderated to 4.8-4.9%.