Mahindra Finance Q3 consolidated net at Rs 992 cr after year-ago loss

Sequentially, however, profit fell by 10% from Rs 1,103 crore

Mahindra & Mahindra Financial Services Ltd posted consolidated net profit of Rs 992 crore in the third quarter ended December 2021 (Q3Fy22) as against loss of Rs 223 crore in the same quarter of Fy21.

Sequentially, however, net profit fell by 10 per cent from Rs 1,103 crore in the second quarter ended September 2021 (Q2FY21).

On a standalone basis, net profit stood at Rs 894 crore in Q3FY22 as against net loss of Rs 274 crore in Q3Fy21. Sequentially, its net profit was down by 13 per cent from Rs 1,023 crore in Q2FY22.

Its standalone net interest income