Breaking News

You are here » Indian-Commodity  :  Corporate  :  Mahindra & Mahindra Financial reports 46% fall in Q1 consolidated net profit

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.


Related News

View all news

GMR Infrastructure's arm launches Airport Radio in Hyderabad

GMR Infrastructure's subsidiary -- GMR Hyderabad International Airport (GHIAL) has launched South India's first Airport Radio under its signature '#PassengerIsPrime' programme at Rajiv Gandhi International......

CRISIL reports 30% rise in Q3 consolidated net profit

CRISIL has reported results for third quarter ended September 30, 2018.The company has reported a rise of 18% in its net profit of Rs 65.29 crore for the quarter under review as compared to Rs 55.33 crore......

Genesys initiates aerial survey for Jaipur's 3D city model project

Genesys International Corporation has started the mapping of the city of Jaipur using an array of latest technologies to create the most accurate and realistic 3D models of each and every structure in......

Top News

View all news

Hero MotoCorp achieves best ever sales performance in Q2 FY19

Hero MotoCorp has achieved its best-ever sales performance for the second quarter of any financial year, selling 21,34,051 units of two-wheelers in Q2 FY19.For the period April-September 2018, Hero MotoCorp......

Mahindra CIE Automotive reports 74% rise in Q3 net profit

Mahindra CIE Automotive has reported results for third quarter ended September 30, 2018.The company has reported 73.80% rise in its net profit at Rs 42.58 crore for the quarter under review as compared......

Infosys crosses $2 billion large deal signings in Q2 FY19

Infosys has crossed $2 billion large deal signings in Q2 FY19. Besides, the company's digital revenues stood at $905 million in Q2 FY19 (31.0% of total revenues), year-on-year growth of 33.5% and sequential......