Prabhudas Lilladher Recommends Accumulating M&M Financial Services; Target Rs 395
Business
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Moneycontrol•29-01-2026, 11:52
Prabhudas Lilladher Recommends Accumulating M&M Financial Services; Target Rs 395
- •Prabhudas Lilladher recommends 'Accumulate' for Mahindra and Mahindra Financial Services with a target price of Rs 395.
- •Q3 disbursement growth reached 7% YoY, driven by tractor, CV, and PV segments.
- •AUM grew 12% YoY to Rs 1,289.6 billion, with projected growth of 13.5%/14% for FY26/FY27E.
- •Expected improvement in FY27 spread due to favorable mix, higher fee income, and lower cost of funds.
- •Asset quality showed slight improvement, with credit cost projected at 1.9%/1.8% for FY26/FY27E.
Why It Matters: Prabhudas Lilladher advises accumulating M&M Financial Services, setting a target of Rs 395 amid growth.
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