New Delhi, Oct. 22 -- Mahindra & Mahindra Financial Services (M&M Financial Services) shares tumbled nearly 10% on Thursday, 22 October, even as the non-banking financial company (NBFC) posted strong earnings growth for the September quarter of FY27, driven by higher business volumes and a decline in credit costs.

The company's consolidated net profit rose 55% year-on-year to Rs.882 crore in Q2 FY27, compared with Rs.569 crore in the year-ago period.

Revenue from operations grew 15% to Rs.5,164 crore, while net interest income (NII) increased 17% year-on-year to Rs.2,822 crore. Consolidated net profit stood at Rs.911 crore, up 61%, while total assets expanded 21% to Rs.1.80 lakh crore.

Asset quality-related costs showed improvement dur...