Mahindra Ideal Finance Ltd (MIFL) has posted a Profit after tax (PAT) of Rs. 146 million in FY25, an increase of 41 per cent over FY24. Total revenue rose 19 per cent to Rs. 2.74 billion, with net interest income climbing 22 per cent to Rs. 1.34 billion and other operating income up 91 per [...]

Business Times

Mahindra Ideal Finance’s 41 per cent hike in profits

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Mahindra Ideal Finance Ltd (MIFL) has posted a Profit after tax (PAT) of Rs. 146 million in FY25, an increase of 41 per cent over FY24.

Total revenue rose 19 per cent to Rs. 2.74 billion, with net interest income climbing 22 per cent to Rs. 1.34 billion and other operating income up 91 per cent to Rs. 296 million, the company said in a media release.

Pre-Provisioning Operating Profit (PPOP) jumped 79 per cent to Rs. 507 million, while total operating expenses grew at a more restrained 17 per cent following significant expansions in the company’s branch network and team strength. A continued sharp focus on credit and collection processes saw the company recording a very healthy Gross Stage 3 of 1.86 per cent as at end March 2025, highlighting the quality of the company’s lending portfolio.

“The recent liberalisation of vehicle imports has further boosted our momentum, driving the strong financial results we’re announcing. Going forward, we will build on this foundation to serve all Sri Lankans inclusively and strive to deliver sustainable, long-term value for our stakeholders,” Mahindra Ideal Finance MD & CEO, Mufaddal Choonia said.

MIFL’s performance was driven by strong growth across all revenue streams – spanning gold loans, SME and business loans, leasing facilities for motorcars, SUVs, vans and commercial vehicles, two and three-wheelers and agriculture vehicles like tractors etc.

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