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Mahindra & Mahindra Financial Services Ltd Q2FY24; 42% fall in Profits

Mahindra & Mahindra Financial Services Limited (MMFSL), a part of the Mahindra Group,is a NBFC primarily engaged in the business of financing purchase of new and pre-owned auto and utility vehicles, tractors, cars, commercial vehicles, construction equipment and SME Financing.

Financial Results:

  • Mahindra & Mahindra Financial Services Ltd reported Revenues for Q2FY24 of ₹3,833.00 Crores up from ₹3,011.00 Crore year on year, a rise of 27.3%.
  • Total Expenses for Q2FY24 of ₹3,494.00 Crores up from ₹2,318.00 Crores year on year, a rise of 50.73%.
  • Consolidated Net Profit of ₹287.00 Crores down 41.67% from ₹492.00 Crores in the same quarter of the previous year.
  • The Earnings per Share is ₹2.27, down 42.82% from ₹3.97 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.
*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: Finance
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