Mahindra & Mahindra Financial Services Ltd on Tuesday reported 16 per cent rise in its consolidated net profit to Rs 475 crore in the third quarter ended December 31.
The company had posted a net profit of Rs 409 crore in the similar quarter previous fiscal.
The consolidated income of the company was up 14 per cent at Rs 3,081 crore in the October-December quarter of 2019-20 compared to Rs 2,705 crore in a year ago, it said in a release.
On standalone basis, the net profit increased by 14 per cent to Rs 365 crore as against Rs 319 crore. The income grew by 16 per cent to Rs 2,616 crore from Rs 2,246 crore.
Mahindra Finance provides financial services in the rural and semi-urban markets in the country.
Stock of the company closed flat at Rs 352.25 on the BSE.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app