On the sidelines of the CII Annual Business Summit 2026 in New Delhi, a delegation from the Ceylon Chamber of Commerce, led by Chairperson Krishan Balendra, Deputy Vice Chairperson Vinod Hirdaramani, and Secretary General and CEO Shiran Fernando, held a series of high-level discussions with senior Indian business and government leaders.
The meetings included engagements with India’s Minister of Labour and Employment and Minister of Youth Affairs and Sports Mansukh Mandaviya, Incoming President of the CII R. Mukundan, and CII Director General Chandrajit Banerjee.
The discussions focused on strengthening regional economic cooperation, enhancing private sector partnerships, and exploring new opportunities in trade, investment, skills development, and business connectivity between Sri Lanka and India.
The Chamber’s participation at one of the region’s leading business forums highlights the growing importance of sustained private sector dialogue in shaping South Asia’s economic future, while ensuring Sri Lankan business perspectives remain represented in key regional discussions.
MIFL reports LKR 818 million PBT in FY 2025–26, up 193% year-on-year
Mahindra Ideal Finance Ltd. (MIFL) delivered its strongest-ever financial performance for the year ended 31 March 2026, recording robust growth across profitability, lending, and operational efficiency.
The company posted a Profit Before Tax (PBT) of LKR 818 million, up 193% year-on-year, while Profit After Tax (PAT) rose to LKR 478 million, reflecting a 228% YoY increase. Total disbursements for FY 2025–26 reached LKR 57.6 billion, marking a 98% YoY growth, driven by expanded lending activity across its product portfolio.
Operational efficiency improved notably during the year, with the cost-to-income ratio falling to 50.5% from 68.9% a year earlier, while the Opex ratio improved to 5.6% from 8.0%. Profitability indicators also strengthened, with Return on Assets (ROA) rising to 3.40% from 1.88% and Return on Equity (ROE) increasing to 14.40% from 4.85%, reflecting improved earnings quality and capital efficiency.
The company’s loan book grew 82% YoY to LKR 26.95 billion, while total assets rose 81% to LKR 30.98 billion. Asset quality also improved, with the Gross Stage 3 ratio declining to 1.73% from 1.86%, supported by disciplined credit evaluation and strengthened recovery processes.
MIFL attributed the strong performance to continued expansion of its multi-brand financing portfolio, along with investments in digital lending capabilities and customer service infrastructure. The company said this has enabled broader customer reach while maintaining a prudent and quality-focused lending approach.
Commenting on the results, MIFL Managing Director and CEO Mufaddal A. Choonia said that improved economic conditions and sustained momentum in vehicle financing drove strong demand across lending segments, while a focus on credit quality, cost discipline, and customer expansion supported growth in both disbursements and profitability.
A Ceylon Chamber delegation engages in discussions with Indian business and government leaders
