Mahendra Ideal Finance reports strong profits
View(s):Mahindra Ideal Finance Ltd. (MIFL) has reported its strongest ever financial performance in the year ended March 31, 2026, recording significant growth across profitability, lending volumes, and operational efficiency.
The company posted a Profit Before Tax (PBT) of Rs.818 million, reflecting a 193 per cent Year-on-Year (YoY) increase, while Profit After Tax (PAT) rose to Rs.478 million, marking a 228 per cent YoY growth. Total disbursements for the financial year FY 2025-26 reached Rs.57.6 billion, an increase of 98 per cent YoY, supported by continued expansion in lending activity across the company’s product offerings, the company said in a media release.
MIFL Managing Director & CEO, Mufaddal A. Choonia said: “Over the past year, improving economic conditions and continued momentum in vehicle financing have supported strong demand across our lending segments. Alongside this, we have maintained a clear focus on credit quality, cost discipline, and strengthening our customer reach, which has contributed to the growth in disbursements and profitability. As we continue to expand, our priority remains on sustaining this momentum while delivering reliable and accessible financial solutions to our customers.”
Operational efficiency improved during the year, with the cost-to-income ratio declining to 50.5 per cent from 68.9 per cent YoY, while the Opex ratio improved to 5.6 per cent from 8 per cent YoY.
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