Mahindra & Mahindra Financial Services has registered on a consolidated basis a growth of 20 per cent in its total income at Rs 483 crore for the fourth quarter ended March 31, 2010 as compared to Rs 402 crore during the same period last year.
During the fourth quarter, the profit after tax (PAT) rose by 31 per cent to Rs 144 crore from Rs 110 crore in the corresponding quarter of the previous year.
In a stock exchange filing, the company has said that for FY2010, the total income on consolidated basis increased by 14 per cent at Rs 1,596 crore as against Rs 1,400 crore in the same period of the previous year. PAT for FY10 was at Rs 356 crore registering a growth of 62 per cent as compared to Rs 220 crore during the same period last year.
The board has also recommended a dividend of 75 per cent or Rs 7.50 per share as against 55 per cent declared in the previous year. The dividend including dividend distribution tax would entail an outgo of Rs 85 crore.
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