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25-Jul2017

Mahindra & Mahindra Financial reports 46% fall in Q1 consolidated net profit

Mahindra & Mahindra Financial Services has reported results for first quarter ended June 30, 2017.

The company has reported around 45.52% fall in its net profit at Rs 47.39 crore for the quarter under review as compared to Rs 86.98 crore for the same quarter in the previous year. However, total revenue of the company increased by 16.53% at Rs 1603.08 crore for Q1FY18 as compared to Rs 1375.68 crore for the corresponding quarter previous year.

On consolidate basis, the company has reported 45.73% fall in its net profit after taxes and minority interest at Rs 58.42 crore for the quarter ended June 30, 2017 as compared to Rs 107.64 crore for the corresponding quarter in the FY17. However, total consolidated income of the company increased by 19.48% at Rs 1886.06 crore for quarter under review as compared to Rs 1578.55 crore for the same quarter in the previous year.


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