{"id":135479,"date":"2022-11-03T09:38:49","date_gmt":"2022-11-03T13:38:49","guid":{"rendered":"https:\/\/44.250.171.167\/?p=135479"},"modified":"2022-11-03T09:38:50","modified_gmt":"2022-11-03T13:38:50","slug":"mahindra-55-fall-in-profits","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/mahindra-55-fall-in-profits\/","title":{"rendered":"Mahindra & Mahindra Financial Services Q2FY23; 55% Fall in Profits"},"content":{"rendered":"\n

Mahindra & Mahindra Financial Services Ltd<\/a>.\u2019s revenues in Q2FY23 rose 33% to \u20b9 3,011 crores. Consolidated Profit came at \u20b9 492 crores showcasing a 55% fall YoY over the corresponding period.<\/p>\n\n\n\n

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In this quarter\u2019s\u00a0investor presentation<\/a>, the reports suggested that the firm has observed a fall in profits due to an drastic increase in Provisions other than tax and increase in expenses. The Bank has also seen asset quality worsening.<\/p>\n","protected":false},"excerpt":{"rendered":"

Mahindra & Mahindra Financial Services Ltd.\u2019s revenues in Q2FY23 rose 33% to \u20b9 3,011 crores. Consolidated Profit came at \u20b9 492 crores showcasing a 55% fall YoY over the corresponding period. In this quarter\u2019s\u00a0investor presentation, the reports suggested that the firm has observed a fall in profits due to an drastic increase in Provisions other […]<\/p>\n","protected":false},"author":1885,"featured_media":135480,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,392,1],"tags":[10097],"class_list":["post-135479","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infographics","category-earnings","category-finance-stocks","tag-financial-service"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/Q2FY23-MMFIN.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":136558,"url":"https:\/\/alphastreet.com\/india\/mahindra-44-growth-in-profits\/","url_meta":{"origin":135479,"position":0},"title":"Mahindra & Mahindra Q2FY23; 44% Growth in Profits","author":"Karan_Singh","date":"November 11, 2022","format":false,"excerpt":"\u00a0Mahindra And Mahindra Ltd's revenue in Q2FY23 rose 39% to \u20b9 29,870 crores. Consolidated Profit came at \u20b9 2,773 crores showcasing a 44% rise YoY over the corresponding period. In this quarter\u2019s\u00a0press release, the reports suggested that the firm has observed a rise in profits with a significant 75% YoY\u2026","rel":"","context":"In "AlphaGraphs"","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/Q2FY23-MM.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/Q2FY23-MM.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/Q2FY23-MM.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/Q2FY23-MM.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/Q2FY23-MM.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":135076,"url":"https:\/\/alphastreet.com\/india\/kotak-mahindra-bank-ltd-q2fy23-27-growth-in-profits\/","url_meta":{"origin":135479,"position":1},"title":"Kotak Mahindra Bank Ltd. Q2FY23; 27% Growth in Profits","author":"Karan_Singh","date":"October 24, 2022","format":false,"excerpt":"Kotak Mahindra Bank Ltd.\u2018s Net Interest Income for Q2 FY23 has increased by 27% YoY to \u20b9 5,099 crores. Profit After Tax rose by 27% YoY to \u20b9 2,581 crores. Operating Expenditure grew by 28% YoY for Q2 FY 2023. Net Non Performing Assets (NNPA) fell to 0.55%. 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The Net Profit decreased by 31% to \u20b941.39 Crores from \u20b959.76 Crores in the same period. 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