Mahindra & Mahindra Financial Services achieved disbursement of approx. Rs 2973 crore in month of May 2022 delivering a 272% YoY growth. The YTD disbursements at approx. Rs 5686 crore, registered a YoY growth of 169%.
The collection efficiency (CE) was at 95% for May 2022 in comparison to a subdued CE of 67% for May 2021 which was affected due to Covid related lockdowns. The CE is in line with pre-Covid levels.
With momentum in collections witnessed so far, the company expect a lower volatility on Stage 3 assets during Q1 FY 2023.
The company continued to hold adequate liquidity buffer of approximately Rs. 8,775 crore as on 31 May 2022 which covers ~3 months funds requirement
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