Mahindra & Mahindra Financial Services consolidated net profit declines 65.79% in the March 2020 quarter

Sales rise 7.67% to Rs 3101.00 crore

Net profit of Mahindra & Mahindra Financial Services declined 65.79% to Rs 234.82 crore in the quarter ended March 2020 as against Rs 686.42 crore during the previous quarter ended March 2019. Sales rose 7.67% to Rs 3101.00 crore in the quarter ended March 2020 as against Rs 2880.05 crore during the previous quarter ended March 2019.

For the full year,net profit declined 41.16% to Rs 1075.15 crore in the year ended March 2020 as against Rs 1827.30 crore during the previous year ended March 2019. Sales rose 14.57% to Rs 11882.95 crore in the year ended March 2020 as against Rs 10371.70 crore during the previous year ended March 2019.

ParticularsQuarter EndedYear EndedMar. 2020Mar. 2019% Var.Mar. 2020Mar. 2019% Var.Sales3101.002880.05 8 11882.9510371.70 15 OPM %55.1079.82 -58.7469.83 - PBDT325.391062.76 -69 1748.902916.29 -40 PBT306.391041.40 -71 1602.032840.76 -44 NP234.82686.42 -66 1075.151827.30 -41

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