Shares of Mahindra & Mahindra Financial Services declined around 10 percent to hit the day low of Rs 268.25 on the NSE on Thursday, October 22, even as the non-banking finance company (NBFC) reported strong earnings growth in the second quarter of the financial year 2026-27.
Apart from hitting an intra-day low, the stock also touched its 52-week low on Thursday. It had hit a 52-week high of Rs 415 on August 10, 2026, from where the stock has retreated 35.4 percent till date.
Mahindra & Mahindra Financial reported a 55 percent year-on-year rise in its standalone profit after tax (PAT) to Rs 882 crore in the July-September quarter of FY27, aided by consistent business outcomes and lower credit costs. The company’s net profit came in at Rs 569 crore in the same quarter the previous financial year.
Revenue from operations grew 15 percent YoY to Rs 5,164 crore from Rs 4,472.67 posted in the year-ago period.
The total income stood at Rs 5,175 crore, increasing 15 percent YoY from Rs 4,489 crore in Q2FY26.