M&M Finance slides to 6-month low
M&M Finance slides to 6-month low, down 11% on disappointing Q2 margins
The company said the margins were impacted by higher borrowing rates coupled with change in portfolio mix in favour of better credit quality customers.
Shares of Mahindra & Mahindra Financial Services (M&M Finance) hit a six-month low of Rs 246.05, as they tanked 11 per cent on the BSE in Monday’s intra-day trade after the company reported 48 per cent decline in profit after tax (PAT) at Rs 235 crore. The Mahindra Group’s non-banking finance company had posted PAT of Rs 448 crore in a year ago quarter.
The company said the margins were impacted by higher borrowing rates coupled with change in portfolio mix in favour of better credit quality customers.
Shares of Mahindra & Mahindra Financial Services (M&M Finance) hit a six-month low of Rs 246.05, as they tanked 11 per cent on the BSE in Monday’s intra-day trade after the company reported 48 per cent decline in profit after tax (PAT) at Rs 235 crore. The Mahindra Group’s non-banking finance company had posted PAT of Rs 448 crore in a year ago quarter.
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.