Mahindra & Mahindra Financial Services Q3FY23; 33% Fall in Profits

Mahindra & Mahindra Fin. Services Ltd.’s revenue in Q3FY23 rose 12% to ₹ 3,324 crores. Consolidated Profit After Tax came at ₹ 664 crores showcasing a 33% fall on an YoY basis. In this quarter’s results, the reports suggested that the fall in profits are due to the drastic increase in expenses.