Press Release - Financial Results for Q1 FY2027

21st July 2026 BSE Limited (Scrip Code: 532720) National Stock Exchange of India Ltd. (Symbol: M&MFIN) Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Plot No. C/1, "G" Block, Dalal Street, Fort, Bandra - Kurla Complex, Bandra (East), Mumbai - 400 001 Mumbai - 400 051 Dear Sir/ Madam, Sub: Press Release –Standalone and Consolidated financial results of the Company for the first quarter ended 30th June 2026 Please find enclosed Press Release on the unaudited standalone and consolidated financial results of the Company for the first quarter ended 30th June 2026, which have been subjected to limited review by the Joint Statutory Auditors of the Company. The meeting of the Board of Directors of the Company concluded at 02: 30 p.m. (IST). This intimation along with the Press Release is also being uploaded on the Company’s website: https://www.mahindrafinance.com/investor-relations/regulatory-filings Kindly take the same on record. Thanking you, For Mahindra & Mahindra Financial Services Limited Brijbala Batwal Company Secretary FCS No.: 5220 PRESS RELEASE Financial Results – Quarter 1 FY27, Standalone & Consolidated Results Mumbai, July 21, 2026: The Board of Directors of Mahindra & Mahindra Financial Services Limited (Mahindra Finance), a trusted financial solutions provider for Bharat at its meeting held today, announced the unaudited financial results for the quarter ended June 30, 2026. Speaking on the results, Raul Rebello, MD & CEO, Mahindra Finance said: "Our performance this quarter underscores the strength of our franchise, with continued expansion in profitability, resilient asset quality, and progress in our pivot towards growth agendas. Our focused investments in our core vehicle franchise, new growth engines, and technology are supporting Profitable & Disciplined Growth.” Q1 FY27 Standalone Performance Highlights o Mahindra Finance records PAT of ₹ 899 Cr, up by 70% YoY for the quarter and RoA at 2.4% o AUM grew by 13% YoY & Disbursements grew by 22% YoY, highest-ever for the first quarter o NIM expanded to 7.3% up by ~55 bps YoY and Credit cost improved to 1.5% in Q1FY27 by ~44 bps YoY Q1 FY27 Standalone Results: Results (₹ Crores) Q1 FY27 Q1 FY26 YoY % Disbursements 15,564 12,808 22% Business AUM 1,37,449 1,22,008 13% Total Income 4,974 4,438 12% Net Interest Margins (NIM)1 2,766 2,285 21% NIM Margin % 7.3% 6.7% Pre-Provisioning Operating Profit (PPOP) 1,756 1,353 30% Credit Costs 570 660 (14%) Credit Costs % 1.5% 1.9% Profit After Tax (PAT) 899 530 70% ROA % 2.4% 1.6% All % are calculated as a % of Avg Total Assets; 1.Including Dividend and Other Income Capital Adequacy healthy at 18.5%, Tier-1 Capital at 16.5%. Prudent Provision Coverage on GS3 at 58%. Total liquidity buffer comfortable over ₹ 14,650 crores Q1 FY27 Consolidated Performance Highlights Total Income increased by 14% at ₹ 5,725 crore for Q1FY27, as against ₹ 5,013 crore for Q1FY26. The PAT increased by 75% at ₹ 927 crore for Q1FY27, as against ₹ 529 crore for Q1FY26 Regd. Office: Gateway Building, Apollo Bunder, Mumbai 400 001 India | CIN : L65921MH1991PLC059642 Tel: +91 22 6897 5500 | Fax: +91 22 2287 5485 | www.mahindrafinance.com | Email: corporate.communications@mahindrafinance.com OVERALL BUSINESS: Mahindra Finance recorded quarterly disbursements of ₹ 15,564 crore, registering 22% YoY growth, supported by Tractors (45% YoY) and PVs (24% YoY). The company’s business assets grew 13% YoY, reaching ₹1,37,449 crore. Asset quality sustained, with Stage 3 assets improving to 3.5% vs 3.8% in Q1FY26 and Stage 2 assets improving to 4.9% vs 5.9% in Q1FY26, indicating stability of the portfolio and improved slippage control. Collection efficiency was similar at 95% in Q1FY27 vs 95% in Q1FY26. SEGMENT UPDATE Vehicle Business: Mahindra Finance continued to maintain its leadership position in tractor financing and remained amongst the leading NBFCs for financing passenger vehicles (PVs), used passenger vehicles and light commercial vehicles (LCVs). Udaan, our flagship transformation program, is now fully embedded across vehicle lending, servicing, and collections. New Engines: Diversification beyond vehicle finance remains a key strategic priority with the non-vehicle finance disbursements growing 79% YoY including MRHFL. Fee-based income has been witnessing growth across quarters. Digital and AI capabilities are powering customer acquisitions, operational resilience and improving collection efficiencies. About Mahindra & Mahindra Financial Services Limited Mahindra Finance, part of the Mahindra Group, is one of India’s leading NBFC’s. The Company is a leading vehicle and tractor financier, with a growing presence in SME lending and mortgages, and offers insurance and investment solutions, with a strong focus on rural and semi-urban markets. The Company has 1,348 offices and reaches out to customers spread over 5,18,000 villages and 8,000 towns across the country, transformed more than 1.2 crore lives. Learn more about Mahindra Finance on www.mahindrafinance.com / Twitter and Facebook: @MahindraFin About Mahindra Founded in 1945, the Mahindra Group is one of the largest and most admired multinational federation of companies with 3,24,000 employees in over 100 countries. It enjoys a leadership position in farm equipment, utility SUVs, information technology and financial services in India and is the world’s largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality, and real estate. The Mahindra Group has a clear focus on leading ESG globally, enabling rural prosperity and enhancing urban living, with a goal to drive positive change in the lives of communities and stakeholders to enable them to Rise Learn more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise/ For updates subscribe to https://www.mahindra.com/news-room Media Contact: Mohan Nair Head – Communications Mahindra & Mahindra Financial Services Limited E-mail: mohan.nair@mahindrafinance.com Mobile #: +91 9004012237 Regd. Office: Gateway Building, Apollo Bunder, Mumbai 400 001 India | CIN : L65921MH1991PLC059642 Tel: +91 22 6897 5500 | Fax: +91 22 2287 5485 | www.mahindrafinance.com | Email: corporate.communications@mahindrafinance.com