Company's net profit stood at Rs 170 crore during the April-June quarter of 2014-15.
"The total income increased by 9 per cent to Rs 1,513 crore during the quarter ended June 30, 2015 as against Rs 1,384 crore in the corresponding quarter last year," it said in a filing on BSE.
On standalone basis, net profit declined by 43 per cent to Rs 89 crore as against Rs 155 crore in the year-ago period.
Mahindra Finance is a provider of financial services in rural and semi-urban markets.
Its total assets under management were at Rs 37,554 crore as of June 30, as against Rs 34,271 crore a year ago.
Mahindra Finance stock closed 0.81 per cent higher at Rs 267.15 on the BSE.
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