Mahindra & Mahindra Financial Services Ltd Q1FY24; 51% rise 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 Q1FY24 of ₹3,583.00 Crores up from ₹2,902.00 Crore year on year, a rise of 23.47%.

Total Expenses for Q1FY24 of ₹3,167.00 Crores up from ₹2,607.00 Crores year on year, a rise of 21.48%.

Consolidated Net Profit of ₹362.00 Crores up 50.83% from ₹240.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹2.90, up 49.48% from ₹1.94 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.