Non-bank lender Mahindra and Mahindra Financial Services on Wednesday reported a 10 per cent drop in consolidated net profit for the December quarter to Rs 826 crore. The company had posted a consolidated net profit of Rs 918 crore in the year-ago period. On a standalone basis, its net profit dropped 10 per cent to Rs 810 crore as against Rs 899 crore in the year-ago period. The company clarified that the implementation of the new labour code led to an impact of Rs 97 crore during the quarter, and added that the profit in the year-ago period included a provision of Rs 436 crore. Adjusted for the one-time provision on labour code and the release of the provisions in the year-ago period, the profit after tax nearly doubled to Rs 907 crore during the quarter. Its core net interest income grew 27 per cent to Rs 2,661 crore during the reporting quarter, on the back of a 0.9 per cent expansion in the NII margin to 7.5 per cent and a 12 per cent jump in the loan book. On the asset quali
Stocks to watch on Monday, January 5, 2026: At around 7:10 AM, GIFT Nifty futures were up 79.1 points at 26,534.5, signaling a strong start for the bourses.
Among others - Ashok Leyland, India Cements, Laurus Labs, Federal Bank, Shriram Finance, Hindalco, Vedanta and NALCO shares were also trading at life-time highs in Monday's trading session.
M&MFS has a deep rural presence across 500,000 villages and a 12 million customer base
Vehicle financiers gain double digits in FY26 as AUM, NIMs and auto loan demand rise. Analysts turn positive on Shriram Finance, M&M Finance, Cholamandalam Investment, and Bajaj Finance
The brokerage expects credit costs to normalise by FY27 and FY28 while noting that weak asset quality and elevated near-term credit costs will weigh on profitability
Nomura expects Indian markets to trade in the range of 20-22x one-year forward earnings, assuming risk premia remain low.
Motilal Oswal Financial Services recommends Reliance Industries and HCL Tech from the large-cap basket, while BEL and M&M Financial are top bets from mid-cap
According to the analysts, disbursement growth remained soft across most lenders in Q2FY26 due to seasonality and increased caution in SME/MSME segments.
Mahindra Finance outlook: M&M Financial Services management has indicated that the second half of the financial year 2025-26 (H2FY26F) will witness a sustainable revival in demand and asset quality.
Stocks to buy: Vinay Rajani, senior technical and derivative Analyst at HDFC Securities, recommends 'Buy' on M&M Finance and Federal Bank
While earnings came in ahead of expectations for M&M Financial Services, analysts remain watchful of persistently high credit costs and moderation in asset growth.
Strong tractor financing, healthy SME growth, and stable asset quality boost Mahindra Finance's second-quarter performance in FY26
State Bank of India (SBI), Nestle India and Mahindra & Mahindra Financial Services from the index hit their respective 52-week highs and quoting close to their record high levels.
Near-term support for the Nifty is now established around 24,900, while the level of 25,220 is expected to offer immediate resistance, HDFC Securities' Vinay Rajani said