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Mahindra & Mahindra Financial Services Ltd Q3FY24; 6% 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 Q3FY24 of ₹4,100.00 Crores up from ₹3,324.00 Crore year on year, a rise of 23.35%.

Total Expenses for Q3FY24 of ₹3,323.00 Crores up from ₹2,477.00 Crores year on year, a rise of 34.15%.

Consolidated Net Profit of ₹623.00 Crores down 6.17% from ₹664.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹5.04, down 5.79% from ₹5.35 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.

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