Mahindra & Mahindra Financial Services Limited (M&MFIN) has announced its financial results for the quarter ended September 2026 (Q2FY27), showcasing a robust performance with a 55% year-on-year increase in profit after tax (PAT) and a 22% growth in disbursements. The company’s asset quality remained stable with a gross asset quality (GS3) at 3.4% and overall asset quality (GS2+GS3) at 8.1%.

Profitable & Disciplined Growth

The company’s profitability has continued to step up with a return on assets (ROA) of 2.2% for Q2FY27. The net interest margin (NIM) has also shown a positive trend, indicating efficient management of interest costs. The company has maintained prudent coverage ratios and adequate capital adequacy, ensuring financial resilience.

Growth Across Segments

The core business has driven significant growth, with a 21% year-on-year increase in disbursals. New growth engines such as SME, PL, and Prime Housing disbursements have contributed to a 38% YoY growth. The company’s liquidity buffer has also shown improvement, with a coverage ratio of 16,150.

As the company pivots to growth, it continues to focus on disciplined expansion and risk management, setting the stage for sustained profitability and market leadership in the financial services sector.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Mahindra & Mahindra Financial Services Limited

Mahindra & Mahindra Financial Services Limited belongs to the Financial Services › Credit Services sector. Here’s a quick read on where the business and the stock stand today.

Mahindra moves sideways over three months, with neither buyers nor sellers taking control. D/E reaches 5.02. High leverage in this environment is a material risk the market cannot ignore. Industry-leading margins of 30.9% reflect exceptional pricing power and operational efficiency. The stock holds at 27% of its 52-week range with RSI at 33. In other words, neither side has a clear edge right now. Revenue grows at 13.3% and profits at 11.3%, and the dividend yield stands at 2.37%. The business is in good shape. Moreover, a stock that does not move despite strong fundamentals often offers better value than one already priced for perfection. Check Fundamentals of Mahindra & Mahindra Financial Services Limited.

Aye Finance Limited (NSE: AYE), India’s leading NBFC, announced its financial results for the quarter ended September 30, 2026 (Q2FY27). The company reported its highest-ever quarterly profit after tax (PAT) of INR 86.7 Crore, a 151% year-over-year (YoY) and 16% quarter-over-quarter (QoQ) jump, delivering a Return on Assets Under Management (RoAUM) of 4.7% for the quarter. Notably, credit cost declined for the seventh straight quarter to 3.8%, while the operating expense ratio dropped to 8.6%, the lowest in the last eight quarters.

Financial Highlights

The financial performance of Aye Finance Limited (NSE: AYE) in Q2FY27 was impressive. The profit after tax (PAT) surged to INR 86.7 Crore, marking a significant 151% YoY and 16% QoQ increase. The RoAUM stood at 4.7%, up from 2.4% in Q2FY26 and 4.2% in Q1FY27. Additionally, the credit cost fell to 3.8%, continuing its downward trend for seven consecutive quarters. The operating expense ratio also improved to 8.6%, the lowest in the past eight quarters.

Business Performance

On the business front, Aye Finance Limited (NSE: AYE) saw robust growth in its assets under management (AUM), which increased by 26% YoY and 4% QoQ to INR 7597 Crore. Disbursements rose by 10% YoY and 15% QoQ to INR 1403 Crore. Active customers grew by 18% YoY and 4% QoQ to 6.94 lakh. The company added 49,150 new borrowers, up 26% YoY and 10% QoQ. The Gross Non-Performing Asset (GNPA) to Gross Asset ratio was 4.2%, and the Net Non-Performing Asset (NNPA) to Net Asset ratio was 1.6%.

Sanjay Sharma, Managing Director, Aye Finance, commented on the second quarter’s performance: “India’s micro-enterprises form the backbone of its economy, yet many still lack access to formal credit. Aye Finance was built to serve them at scale without compromising on asset quality or cost discipline, and this quarter’s results show that model at work. As we increase our leverage against the capital raised in our February 2026 IPO, we expect return on equity to rise steadily through the subsequent quarters.”

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Aye Finance Limited

Aye Finance Limited belongs to the Financial Services › Credit Services sector. Here’s a quick read on where the business and the stock stand today.

Aye falls 8.8% over three months and has not found a floor yet. The PEG of 0.22 is extremely low. Either the market misses the growth story, or there is a catch worth investigating. D/E reaches 2.75. High leverage in this environment is a material risk the market cannot ignore. The stock holds at 60% of its 52-week range with RSI at 36. In other words, neither side has a clear edge right now. Revenue grows at 40.4% and the stock moves sideways over three months. Neither side makes a strong case. The next earnings print will likely break this stock out of its current range. Check Fundamentals of Aye Finance Limited.

Bajaj Finance Limited (BAJFINANCE) has reported stellar financial results for Q2 FY27, marking a significant growth across all key metrics. The company’s Assets Under Management (AUM) surged by 26% to ₹ 584,624 crore, while the Profit Before Tax (PBT) grew by 29% to ₹ 8,537 crore. Notably, the Return on Equity (ROE) reached an impressive 20.6% for the quarter.

Robust Financial Performance

The company’s financial performance has been robust, with AUM addition of ₹ 37,680 crore in Q2 FY27. The company booked 13.45 million new loans and added 4.42 million new customers, reflecting a strong customer franchise of 128.85 million as of September 30, 2026.

Operational Efficiencies and Asset Quality

Net interest income grew by 24% to ₹ 13,335 crore, and net total income increased by 23% to ₹ 15,974 crore. The cost of funds improved to 7.31% in Q2 FY27, reflecting better operational efficiencies. The asset quality remained strong with GNPA and NNPA improving to 1.06% and 0.42%, respectively.

Looking Ahead

Bajaj Finance Limited remains committed to building resilience across various dimensions of its business, including maintaining a robust capital position, strengthening talent, technology and AI transformation, cyber resilience, regulatory compliances, robust provisioning coverage, diversified borrowings, and robust liquidity.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Bajaj Finance Limited

Bajaj Finance Limited belongs to the Financial Services › Credit Services sector. Here’s a quick read on where the business and the stock stand today.

Bajaj moves sideways over three months, with neither buyers nor sellers taking control. Industry-leading margins of 43.5% reflect exceptional pricing power and operational efficiency. Revenue grows at 22.6% and profits at 18.2% CAGR. Both numbers are exceptional. The stock holds at 50% of its 52-week range with RSI at 47. In other words, neither side has a clear edge right now. The business grows revenue at 22.6% and profits at 18.2%, with D/E of 0.00. The stock reflects that strength. Moreover, when fundamentals and price action align, the PEG of 1.62 premium is usually justified. Check Fundamentals of Bajaj Finance Limited.