Q1-FY27 · Ramesh Rebello
We are quite pleased to see our core businesses, wheels business, whether it's the PV business, tractor, parts of the CV segments, three-wheeler business, come back in terms of growth which has clocked at 20%.
MAHINDRAANDMAHINDRAFINAN / language trends
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Mahindra and Mahindra · tone and specificity signals across the available quarters.
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Q1-FY27 · Ramesh Rebello
We don't think the franchise is doing merit to itself by operating at a sub-2% ROA. So we talked about hitting 2%, climbing to 2.2%, and then getting eventually to 2.5%. We're happy that we're moving in that direction.
Q1-FY27 · Ramesh Rebello
The diversification is starting to play out - secular growth across vehicle categories as well as accelerated growth in the new engines of growth. We demonstrate a 79% growth across the non-wheels business.
Q1-FY27 · Ramesh Rebello
Sometimes a perception that AI is this magic wand that can shave off at no cost. But for everyone who's starting to soak in the token cost numbers, we need to look at the trade-off between token cost and human capital cost.
Q2-FY26 · Aloysius D'Souza
Q2 has seen a very positive momentum to seven [NIM] aided by both cost of funds and some income level enhancements.
Q2-FY26 · Aloysius D'Souza
The controllable variables which is GS2 GS3 has been ranged out. On balance I would believe it's a decent quarter, positive recovery on margins, asset quality kept rangebound.
Q2-FY26 · Aloysius D'Souza
I don't see a hazard to the 1.7 cap in credit cost right now sitting here annually.
Q4-FY26 · Rajesh Rebello
The management overlay that we have created in Q4 in rupee value is 217 crores. This was specifically to be more prudent... it's not about us seeing any visible stress this is more about being prudent... we didn't want to be reactive but we wanted to be proactive.
Q4-FY26 · Rajesh Rebello
Close to 50% of our entire disbursements in financial year 26 was done on the Udan digital stack. We are seeing a 40% improvement in STPs and our own AI agent Samurai is now processing 20% of back office approvals with sanction-to-disbursement now being 80% faster.
Q4-FY26 · Rajesh Rebello
We don't give near-term guidance but for any lender at our size and scale aiming for a less than team growth wouldn't be prudent... we are encouraged by the momentum we have seen in the H2 of last year and we are making sure that that momentum with all the other factors at a factorium today.