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Listen to this article in summarized format Revenue from operations rose 15% to Rs 5,164 crore. Net interest income increased 17% to Rs 2,822 crore. On a consolidated basis, net profit rose 61% to Rs 911 crore and consolidated total assets grew 21% to Rs 1.80 lakh crore. Credit cost moderated to 1.6% of average total assets from 2.2% a year earlier, while net interest margin remained unchanged at 7%. The company is targeting a return on assets of 2.2%-2.5% by FY31, compared with 2.2% in the September quarter. Disbursements rose 22% to Rs 16,499 crore, led by growth in SME and mortgage lending, Raul Rebello, MD & CEO, said speaking at an analyst call. He said that the effort to diversify outside passenger and commercial vehicle finance has yielded results with 20% of consolidated lending AUM being non-wheel business and 80% from the wheel business. M&M Finance is targeting a return on assets of 2.2%-2.5% by FY31, compared with 2.2% reported in the September quarter. Rebello said that the liquidity buffer is at an all-time high and may not be raised further even if it is not dipped into. Business assets under management grew 15% year on year to Rs 1.47 lakh crore. Non-vehicle finance disbursements, including SME loans, personal loans and housing finance, increased 52%. Passenger vehicle disbursements increased 28% to Rs 6,826 crore, while financing for pre-owned vehicles grew 15% to Rs 2,834 crore. Commercial vehicle and construction equipment disbursements rose 16% to Rs 2,657 crore, and tractor financing increased 13% to Rs 1,979 crore. Asset quality improved from a year earlier, with gross Stage 3 assets declining to 3.4% from 3.9%. Stage 2 assets fell to 4.7% from 5.8%, while collection efficiency improved to 97% from 96%. The provision coverage ratio on Stage 3 assets stood at 56.6%. Pre-provisioning operating profit grew 20% to Rs 1,791 crore. Provisions and write-offs declined 16% to Rs 630 crore from Rs 751 crore. The lender’s capital adequacy ratio stood at 18%, including Tier-I capital of 16.2%, at the end of September. Its liquidity buffer was more than Rs 16,150 crore. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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