Mahindra & Mahindra Financial Services Ltd News

Mahindra Finance Q3FY25 results: Net profit increases 63% to Rs 899 cr

Mahindra & Mahindra Financial Services on Tuesday reported a 63 per cent year-on-year increase in standalone profit after tax to Rs 899 crore in the third quarter of the current fiscal. Its profit was Rs 553 crore in the October-December quarter of 2023-24. Mahindra Finance's total income was Rs 4,144 crore during the December 2024 quarter, up 19 per cent year-on-year, according to a statement. The company said it leveraged the buoyancy of the festive season demand in Q3 with disbursements of Rs 16,467 crore reflecting a year-on-year growth of 7 per cent. The disbursement for the first nine months stands at approximately Rs 42,370 crore, which is 4 per cent over the previous year. The gross assets under management increased by 19 per cent compared to the previous year, reaching Rs 1,15,126 crore. "The collection efficiency remained stable at 95 per cent, consistent with the same quarter of the previous year. With a continued focus on maintaining underwriting standards and ...

M&M Finance stock drops 8% on weak Q2 numbers; What should investors do?

M&M Finance's net interest income (NII) margin for Q2FY25 remained flat at 6.5 per cent, while gross non-performing assets rose to 3.83 per cent, from 3.56 per cent earlier

M&M Finance Q2 FY25 results: Net profit rises 57% to Rs 369 crore

The NII margin of the company remained flat at 6.5 per cent. The cost of funds rose marginally to 6.5 per cent in Q2 FY25 from 6.4 per cent last year

Check FIIs, DIIs, retail positions in F&O post Nifty biggest weekly fall

Derivatives market update for Oct 07: FIIs long-short ratio in index futures further falls to 1.4, down 300 bps in last 4 trading sessions; retail investors turn bullish after more than a month.

M&M Finance shares decline 6% after releasing Q2FY25 business update

M&M Finance share price: Shares of M&M Finance slipped after the company said it expects a 1% decline in overall disbursement in the September 2024 quarter

M&M Fin Services shares surge after board approves Rs 750 cr fundraise

Mahindra and Mahindra Financial Services share price moved up by 3.3 per cent at Rs 331.25 per share on the BSE in Monday's intraday deals

M&M Financial Services board approves expansion into mortgage business

The company would also participate in affordable housing loan schemes of governments

Nomura ups target for Bajaj duo, M&M Fin, says rate cut positive for NBFCs

Regarding the implications of a rate cut for NBFCs, analysts noted that asset composition is more crucial than liability composition.

Nandish Shah of HDFC Sec recommends 'Bull Spread' strategy on M&M Finance

Long build up is seen in the M&M Finance futures during the September series till now where we have seen 7 per cent rise in 'Open' interest with price rising by 5 per cent