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18-Jan2013

Mahindra & Mahindra Financial drops despite reporting 29% rise in Q3FY13 net profit

Mahindra & Mahindra Financial Services is currently trading at Rs 1122.05, down by 15.40 points or 1.21% from its previous closing of Rs 1135.90 on the BSE.

The scrip opened at Rs 1140.40 and has touched a high and low of Rs 1151.00 and Rs 1118.00 respectively. So far 28128 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 1224.00 on 03-Jan-2013 and a 52 week low of Rs 602.45 on 14-Jun-2012.

Last one week high and low of the scrip stood at Rs 1152.00 and Rs 1079.40 respectively. The current market cap of the company is Rs 12752.28 crore.

The promoters holding in the company stood at 52.27% while Institutions and Non-Institutions held 43.03% and 4.70% respectively.

Mahindra & Mahindra Financial Services has registered a rise of 29.44% in its net profit at Rs 200.23 crore in Q3FY13 as compared to Rs 154.69 crore in the corresponding quarter previous year. The total income of the company has also increased by 34.99% to Rs 1000.87 crore for the quarter under review as compared to Rs 741.41 crore in the same quarter last year.

On consolidated basis, the company has posted a rise of 35.71% in its net profit at Rs 216.20 crore in Q3FY13 as compared to Rs 159.31 crore in the corresponding quarter previous year. The total income of the company has also increased by 37.83% to Rs 1062.03 crore for the quarter under review as compared to Rs 770.53 crore in the same quarter last year. 


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