Mahindra Ideal Finance Limited (MIFL), posted robust top and bottom-line performance for the financial year ended March 31, 2025, a media release from the company stated.
Backed by strong demand across its lending segments and disciplined cost management initiatives, the Company posted a Profit after tax (PAT) of Rs. 146 million in FY25, an increase of 41% over FY24. Total revenue rose 19% to Rs. 2.74 billion, with net interest income climbing 22% to Rs. 1.34 billion and other operating income up 91% to Rs. 296 million.
Pre-Provisioning Operating Profit (PPOP) jumped 79% to Rs. 507 million, while total operating expenses grew a more restrained 17% following significant expansions in the company’s branch network and team strength. A continued sharp focus on credit and collection processes saw the company recording a very healthy Gross Stage 3 of 1.86% as of March 31, 2025, highlighting thequality of the company’s lending portfolio. Mahindra Ideal Finance, MD and CEO, Mufaddal Choonia said, “Over the past year, Sri Lanka’s economy has shown welcome signs of stabilisation, with price pressures easing and monetary policy supportive. True to our vision of creatinga strong financial services business with the customer at its core, we at Mahindra Ideal Finance havebeen working hard to enhance our product suite and service capabilities – physical and digital – while reinforcing a strong risk management framework and optimising costs. Our business performance in FY 25 reflects that continued effort which is also illustrated into our credit ratings of AA-(lka) Outlook Stable by Fitch Ratings.
“The recent liberalisation of vehicle imports has further boosted our momentum, driving the strong financial results we’re announcing. Going forward, we will build on this foundation to serve all Sri Lankans inclusively and strive to deliver sustainable, long-term value for our stakeholders,” he said. MIFL’s performance was driven by strong growth across all revenue streams – spanning gold loans, SME and business loans, leasing facilities for motorcars, SUVs, vans and commercial vehicles, two and three-wheelers and agriculture vehicles such as tractors.
