Mahindra Ideal Finance Limited (MIFL) has delivered strong growth in income and profits during the six months ended 30 September 2025 (H1 FY26) with Total Income for the period rising by 47% Year-on-Year (YoY) up to Rs. 1.85 billion Profit Before Tax (PBT) increased by 204% YoY to Rs. 477 million, and Profit After Tax (PAT) increased to Rs. 209 million reflecting growths of 374% YoY.

“Following the reopening of vehicle imports, coupled with the continued positive trends in economic stability in the country, we have seen a growing and steady demand for multi-brand vehicle financing across Sri Lanka,” said MIFL Managing Director & CEO, Mufaddal Choonia (Pictured) said.      

A notable highlight during the period in review was the company’s Total Asset base, which grew by 54% YoY to cross Rs. 22.1 billion, securing its position as a Medium sized finance company.

The Company’s Loan Book grew by 84% YoY to Rs. 20.4 billion, supported by continued demand for retail lending and a measured expansion across key customer segments. The Cost-to-Income Ratio improved to 54% YoY, driven by improved operating efficiency.

Asset quality indicators recorded further improvement during the period. The Gross Stage 3 Ratio was 1.66 percent as at 30 September 2025, compared with 1.86 percent at the end of March 2025.

 The Company maintained a healthy Total Capital Adequacy Ratio of 18.1% compared to the required ratio of 12.5%.