Mahindra Ideal Finance Ltd. (MIFL) reported its strongest ever financial performance in the year ended 31 March 2026, recording significant growth across profitability, lending volumes, and operational efficiency.<\/p>\n\n\n\n
The company posted a Profit Before Tax (PBT) of LKR 818 million, reflecting a 193% Year-on-Year (YoY) increase, while Profit After Tax (PAT) rose to LKR 478 million, marking a 228% YoY growth. Total disbursements for the financial year FY 2025-26 reached LKR 57.6 billion, an increase of 98% YoY, supported by continued expansion in lending activity across the company\u2019s product offerings.<\/p>\n\n\n\n
Operational efficiency improved during the year, with the cost-to-income ratio declining to 50.5% from 68.9% YoY, while the Opex ratio improved to 5.6% from 8.0% YoY. Profitability indicators strengthened, with Return on Assets (ROA) at 3.40% compared to 1.88% YoY and Return on Equity (ROE) at 14.40% compared to 4.85% YoY, reflecting improved earnings quality and capital utilisation.<\/p>\n\n\n\n
MIFL\u2019s strong lending momentum resulted in the company\u2019s total loan book growing to LKR 26.95 billion, up 82% YoY, while total assets grew to LKR 30.98 billion, reflecting an 81% YoY increase. Asset quality indicators improved further, with the Gross Stage 3 ratio declining to 1.73% from 1.86% YoY, supported by disciplined credit evaluation and strengthened collection processes. MIFL stated that continued expansion in its multi-brand financing portfolio, along with ongoing investments in digital lending capabilities and customer service infrastructure, has positioned the company to serve a broader customer base while maintaining a prudent, responsible and quality-focused approach to lending.<\/p>\n\n\n\n
\u201cOver the past year, improving economic conditions and continued momentum in vehicle financing have supported strong demand across our lending segments. Alongside this, we have maintained a clear focus on credit quality, cost discipline, and strengthening our customer reach, which has contributed to the growth in disbursements and profitability,\u201d MIFL MD & CEO, Mufaddal A. Choonia said.<\/p>\n\n\n\n
Mahindra Ideal Finance Ltd. (MIFL) is a Central Bank of Sri Lanka licensed non-bank financial institution and a subsidiary of Mahindra & Mahindra Financial Services Ltd., India. With a growing network of branches across the island, the company offers a range of accessible, technology-enabled wholesale and retail financial solutions, including multi-brand vehicle financing, leasing, gold loans, and SME lending. Backed by a Fitch AA\u2013 (Outlook Stable) rating, MIFL continues to focus on delivering practical, customer-centric financial services while supporting inclusive economic growth<\/p>\n\n\n\n
Source: Daily News<\/p>\n","protected":false},"excerpt":{"rendered":"
Mahindra Ideal Finance Ltd. (MIFL) reported its strongest ever financial performance in the year ended…<\/p>\n","protected":false},"author":4,"featured_media":5784,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[5],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/economictimes.lk\/index.php\/wp-json\/wp\/v2\/posts\/5783"}],"collection":[{"href":"https:\/\/economictimes.lk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/economictimes.lk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/economictimes.lk\/index.php\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/economictimes.lk\/index.php\/wp-json\/wp\/v2\/comments?post=5783"}],"version-history":[{"count":1,"href":"https:\/\/economictimes.lk\/index.php\/wp-json\/wp\/v2\/posts\/5783\/revisions"}],"predecessor-version":[{"id":5785,"href":"https:\/\/economictimes.lk\/index.php\/wp-json\/wp\/v2\/posts\/5783\/revisions\/5785"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/economictimes.lk\/index.php\/wp-json\/wp\/v2\/media\/5784"}],"wp:attachment":[{"href":"https:\/\/economictimes.lk\/index.php\/wp-json\/wp\/v2\/media?parent=5783"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/economictimes.lk\/index.php\/wp-json\/wp\/v2\/categories?post=5783"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/economictimes.lk\/index.php\/wp-json\/wp\/v2\/tags?post=5783"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}