Finance company Mahindra & Mahindra Financial Services announced Q3FY25 results Financial Highlights: AUM (Business assets): Rs 1,15,126 crore v/s Rs 97,048 crore, YoY 19%. While Market Share in Tractors was stable there was stiff competition in Passenger Vehicle, CV and Used vehicle business. Asset quality: GS2+GS3 @ 10.2%. Stage-3 @3.9%. Credit Cost: 0.0% v/s 1.2% (Q3FY24). Capital Adequacy healthy at 17.8%, Tier-1 Capital @ 15.1%. Provision coverage on Stage 3 loans prudent at 50.1%. Total liquidity buffer comfortable at Rs 9,322 crore. Operational Highlights: The collection efficiency remained stable at 95%, consistent with the same quarter of the previous year. Stage 3 assets stood at 3.9%, versus 4.0% as of December 31, 2023, while Stage 2 assets were at 6.3%, compared to 6.0% on the same date. During the third quarter of the year, the Company saw 5% YoY growth in disbursements for Wheels, while business assets grew by 18% YoY. Tractor financing segment disbursements grew by 24% YoY in Q3FY25. The non-vehicle finance portfolio grew by 27% over the past year. During the quarter, the SME segment delivered a Disbursement growth of 60% YoY (9MFY25 YoY growth: 60%), which drove asset book expansion by 20% on a YoY basis and was at Rs 5,464 crore as of December 31, 2024. Leasing disbursement grew 51% YoY in Q3FY25 & 36% YoY in FY25 YTD. Result PDF