Mahindra & Mahindra Financial Services Q4FY17 result
DSIJ Intelligence / 25 Apr 2017
The company's NII for the quarter grew by 49% QoQ to Rs 1111 crore.
Mahindra & Mahindra Financial Services reported its results for the quarter ended March 31, 2017, today
The company's NII for the quarter grew by 49% QoQ to Rs 1111 crore.
Its provisions decreased by 13% YoY to Rs 361.4 crore
Its net profit for the quarter stood at Rs 234 crore.
The board has proposed a dividend of Rs 2.4 per equity share of Rs 2 each
The company's NII for FY17 grew by 3.2% to Rs 3316.5 crore and net profit declined by 40% to Rs 400 crore during the same period.
Mahindra & Mahindra Financial Services Limited is an Indian non-banking financial company that provides financial services in rural and semi urban areas. The company provides loans for the purchase of utility vehicles, tractors and cars and construction equipments as also personal loans and home loans. It also offers fixed deposit banking and advises customers on investments in mutual funds.
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