{"id":155629,"date":"2023-11-01T10:41:02","date_gmt":"2023-11-01T14:41:02","guid":{"rendered":"https:\/\/44.250.171.167\/?p=155629"},"modified":"2023-11-01T10:41:03","modified_gmt":"2023-11-01T14:41:03","slug":"mahindra-42-fall-in-profits","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/mahindra-42-fall-in-profits\/","title":{"rendered":"Mahindra &#038; Mahindra Financial Services Ltd Q2FY24; 42% fall in Profits"},"content":{"rendered":"<p>Mahindra &amp; 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.<\/p>\n<p>Financial Results:<\/p>\n<ul>\n<li>Mahindra &amp; Mahindra Financial Services Ltd reported Revenues for Q2FY24 of \u20b93,833.00 Crores up from \u20b93,011.00 Crore year on year, a rise of 27.3%.<\/li>\n<li>Total Expenses for Q2FY24 of \u20b93,494.00 Crores up from \u20b92,318.00 Crores year on year, a rise of 50.73%.<\/li>\n<li>Consolidated Net Profit of \u20b9287.00 Crores down 41.67% from \u20b9492.00 Crores in the same quarter of the previous year.<\/li>\n<li>The Earnings per Share is \u20b92.27, down 42.82% from \u20b93.97 in the same quarter of the previous year.<\/li>\n<\/ul>\n<p>*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.<br \/>*The presented data is automatically generated. It may occasionally generate incorrect information.<\/p>\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"839\" height=\"1024\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-14-839x1024.png\" alt=\"\" class=\"wp-image-155630\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-14-839x1024.png 839w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-14-246x300.png 246w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-14-768x937.png 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-14-1259x1536.png 1259w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-14.png 1489w\" sizes=\"auto, (max-width: 839px) 100vw, 839px\" \/><\/figure>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large is-resized\"><a href=\"https:\/\/app.asai.alphastreet.io\/test-drive\/dashboard?utm_source=IN_WordPress&amp;utm_medium=IN_WordPress&amp;utm_campaign=IN_WordPress&amp;utm_id=IN_WordPress\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/ASAI-Product-2.gif\" alt=\"\" class=\"wp-image-155601\" width=\"435\" height=\"161\"\/><\/a><\/figure><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Mahindra &amp; 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 &amp; Mahindra Financial Services Ltd reported Revenues for Q2FY24 of \u20b93,833.00 Crores [&hellip;]<\/p>\n","protected":false},"author":1917,"featured_media":0,"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],"tags":[8265],"class_list":["post-155629","post","type-post","status-publish","format-standard","hentry","category-infographics","category-earnings","tag-finance"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":155374,"url":"https:\/\/alphastreet.com\/india\/kotak-mahindra-bank-ltd-q2fy24-24-rise-in-profits\/","url_meta":{"origin":155629,"position":0},"title":"Kotak Mahindra Bank Ltd Q2FY24; 24% rise in Profits","author":"Hardik Bhandare","date":"October 27, 2023","format":false,"excerpt":"Kotak Mahindra Bank is a diversified financial services group providing a wide range of banking and financial services including Retail Banking, Treasury and Corporate Banking, Investment Banking, Stock Broking, Vehicle Finance, Advisory services, Asset Management, Life Insurance and General Insurance. Financial Results: Kotak Mahindra Bank Ltd reported Revenues for Q2FY24\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","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\/2023\/10\/image-138.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/image-138.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/image-138.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/image-138.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/image-138.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/image-138.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":155432,"url":"https:\/\/alphastreet.com\/india\/mahindra-logistics-ltd-q2fy24-3-rise-in-revenue\/","url_meta":{"origin":155629,"position":1},"title":"Mahindra Logistics Ltd Q2FY24; 3% rise in Revenue","author":"Hardik Bhandare","date":"October 30, 2023","format":false,"excerpt":"Mahindra Logistics Ltd is an integrated logistics & mobility solutions provider. The company offers Supply Chain expertise to diverse industry verticals such as Automotive, Engineering, Consumer Goods, Pharmaceuticals, Telecommunications, Commodities, and E-commerce. Financial Results: Mahindra Logistics Ltd reported Revenues for Q2FY24 of \u20b91,365.00 Crores up from \u20b91,326.00 Crore year on\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","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\/2023\/10\/image-153.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/image-153.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/image-153.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/image-153.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/image-153.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/image-153.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":155805,"url":"https:\/\/alphastreet.com\/india\/mahindra-lifespace-developers-ltd-q2fy24-74-fall-in-revenue\/","url_meta":{"origin":155629,"position":2},"title":"Mahindra Lifespace Developers Ltd Q2FY24; 74% fall in Revenue","author":"Hardik Bhandare","date":"November 6, 2023","format":false,"excerpt":"Mahindra Lifespace Developers Ltd was incorporated in 1999, it is engaged in the business of development of the real estate, residential facilities, commercial complexes and through its subsidiary companies is involved in various infrastructure projects including the development of SEZs and Industrial Clusters. 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