​Mahindra & Mahindra Financial Services Limited experienced a structural shift in its revenue composition during FY 25-26 , with alternative segments growing to 8.76 per cent of its total turnover, the company said in a stock exchange filing.

​According to the documentation, the contribution from the non-banking financial company (NBFC) primary segment—financial and credit leasing activities—moderated to 91.24 per cent of its total turnover, down from 99.65 per cent reported in the previous fiscal year.

Concurrently, income generated from other financial activities expanded significantly to fill the remaining 8.76 per cent share, up from a baseline of 0.35 per cent in the prior period.

​The change in revenue distribution occurred alongside structural adjustments to the company domestic network.

The company reported a total of 1,348 office locations spanning 27 states and 7 Union Territories as of March 31, 2026, down from 1,365 branches at the end of the previous year.

International operations remained centered on its joint venture, Mahindra Finance USA LLC, and its subsidiary, Mahindra Ideal Finance Limited in Sri Lanka.

(This article was generated by AI using a regulatory filing submitted to the National Stock Exchange of India)

Published on June 26, 2026