Mahindra and Mahindra Financial Services, the non-banking finance company and a part of the Mahindra Group, reported a 52.48 per cent increase in its consolidated net profit. The June quarter net profit rose to Rs 43.16 crore as against Rs 28.30 crore in the corresponding quarter last year.

Mahindra Rural Housing Finance, the group’s housing finance company, reported a profit of Rs 19 lakh during the first quarter. It was back in the black after reporting a loss of Rs 38 lakh in the corresponding quarter last year.

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