Mahindra Finance Q4 consolidated net down 8% to Rs 219 cr, income down 3%

Full-year profit down 28% to Rs 780 cr; firm proposes 40% dividend for FY21

Mahindra and Mahindra Financial Services Ltd posted an eight per cent drop in consolidated net profit at Rs 219 crore in fourth quarter March 2021 (Q4FYF21). It had posted consolidated net profit of Rs 239 crore in Janaury-March 2020 (Q4FY20).

The net profit for FY21 declined by 28 per cent to Rs 780 crore from Rs 1,086 crore in FY20, the finance company said in a statement.

Its board of Directors has recommended a 40 per cent dividend of (Re 0.80 per share on equity share of Rs two each), subject to shareholders approval.

The total income in Q4FY21 was