MAHINDRA & MAHINDRA FINANCIAL SERVICES LTD. - Updates For The Month Of August 2022

You are requested to take note of the following updates for the month of August 2022: In August 2022, on the backdrop of positive macro environment, the business continued its momentum with disbursement of approximately Rs.3,740 crores delivering a 75% Y-o-Y growth. The YTD disbursement at approximately Rs. 17,150 crores registered a Y-o-Y growth of 104%. This has resulted in Y-o-Y growth of ~12% and sequential M-o-M growth of ~3% in gross business assets. The collection efficiency (CE) was at 96% for August 2022, against CE of 97% for August 2021. Stage 2 experienced a sequential reduction compared to July 2022 while Stage 3 assets remained stable. The company expects improvement in Stage 2 and Stage 3 assets during September 2022. The Company continued to enjoy a comfortable liquidity position on its Balance Sheet, with a liquidity chest of over 3 months.