Mahindra & Mahindra Financial Services consolidated net profit declines 32.36% in the March 2017 quarter

Sales rise 12.53% to Rs 2123.08 crore

Net profit of Mahindra & Mahindra Financial Services declined 32.36% to Rs 278.22 crore in the quarter ended March 2017 as against Rs 411.33 crore during the previous quarter ended March 2016. Sales rose 12.53% to Rs 2123.08 crore in the quarter ended March 2017 as against Rs 1886.62 crore during the previous quarter ended March 2016.

For the full year,net profit declined 33.75% to Rs 511.64 crore in the year ended March 2017 as against Rs 772.29 crore during the previous year ended March 2016. Sales rose 9.04% to Rs 7146.20 crore in the year ended March 2017 as against Rs 6553.87 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales2123.081886.62 13 7146.206553.87 9 OPM %59.2072.84 -56.3062.48 - PBDT464.00656.53 -29 891.481269.82 -30 PBT448.16644.47 -30 837.751224.12 -32 NP278.22411.33 -32 511.64772.29 -34

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