Mahindra & Mahindra Financial Services standalone net profit declines 62.43% in the March 2020 quarter

Sales rise 7.40% to Rs 2636.88 crore

Net profit of Mahindra & Mahindra Financial Services declined 62.43% to Rs 220.92 crore in the quarter ended March 2020 as against Rs 587.97 crore during the previous quarter ended March 2019. Sales rose 7.40% to Rs 2636.88 crore in the quarter ended March 2020 as against Rs 2455.19 crore during the previous quarter ended March 2019.

For the full year,net profit declined 41.79% to Rs 906.40 crore in the year ended March 2020 as against Rs 1557.06 crore during the previous year ended March 2019. Sales rose 15.76% to Rs 10097.85 crore in the year ended March 2020 as against Rs 8722.91 crore during the previous year ended March 2019.

ParticularsQuarter EndedYear EndedMar. 2020Mar. 2019% Var.Mar. 2020Mar. 2019% Var.Sales2636.882455.19 7 10097.858722.91 16 OPM %58.9782.76 -60.8472.23 - PBDT304.33912.05 -67 1462.052442.67 -40 PBT292.49894.75 -67 1343.762382.44 -44 NP220.92587.97 -62 906.401557.06 -42

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