The firm had a net profit of Rs 219.35 crore in the corresponding quarter last year.
Mahindra & Mahindra Financial Services total income during the quarter rose to Rs 1,578.9 crore, up 7.58 per cent from Rs 1,467.6 crore in the same period last fiscal, the company said in a regulatory filing.
Overall expenses stood at Rs 624.91 crore, an increase of 29.77 per cent, as against Rs 481.55 crore in the same period last year.
M&M Financial Services shares were trading at Rs 239.65, down 1.05 per cent on BSE.
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