Total income for the quarter was at ₹3,057 crore, up 24% YoY, while the net interest margin was at 7.4%. The company's net interest income (NII) for the quarter stood at ₹1,723 crore, up 13% YoY.

As of March end, the company carried a total liquidity buffer of approximately ₹10,400 crore -- covering more than 3 months’ obligations.

Mahindra Finance's annual disbursement was recorded at ₹49,541 crore, a growth of 80%, while the total income grew by 14% to ₹11,056 crore vs ₹9,719 crore last year.

On a consolidated basis, Mahindra Finance's Q4 profit was ₹675 crore, up 7% compared to ₹629 crore for the corresponding quarter last year.

Mahindra Finance's FY2023 profit surged 80% to ₹2,071 crore as compared to ₹1,150 crore during the year-ago period.

YES Securities has retained a 'buy' rating on the Mahindra Finance stock, with a target price of ₹315. Motilal Oswal has also retained a 'buy' rating on the stock, with a target price of ₹320, given its long lineage, strong parentage, and a great liability franchise. Prabhudas Lilladhar, however, has put a 'hold' rating on the stock, with a target price of ₹280.

Among its subsidiaries, Mahindra Rural Housing Finance Limited's (MRHFL) income increased by 7% to ₹355 crore YoY for the quarter. The company's loss was at ₹26 crore YoY. Its FY23 income declined by 2% to ₹1,350 crore and the profit at ₹22 crore declined 54% YoY over last year.

Mahindra Insurance Brokers Limited's (MIBL) income and profit for the quarter stood at Rs 121 crore, up 6% YoY, and ₹121 crore, up 38% YoY, respectively. For the whole year, the income and profit were 23% and 34% to ₹427 crore and ₹52 crore, respectively.

Mahindra Finance USA (MFUSA) reported a Q4 profit of USD 3.7 million, up 9% YoY, while the whole year's profit was at USD 15 million, down 14%. Its income was USD 18 million, down 29% YoY, in Q4 and USD 64.8 million, up 13%, in the full fiscal year.

Mahindra Finance m-cap

Mahindra Finance stock zooms 7% on strong Q4 performance