M&M Finance reports marginal fall in Q4 consolidated net profit

23 Apr 2014 Evaluate

Mahindra & Mahindra Financial Services (M&M Finance) has reported results for fourth quarter and year ended March 31, 2014.

The company has posted a fall of 6.92% in its net profit at Rs 310.70 crore for the quarter ended March 31, 2014 as compared to Rs 333.81 crore for the same quarter in the previous year. Total income of the company has increased by 21.77% at Rs 1370.65 crore for quarter under review as compared to Rs 1125.57 crore for the quarter ended March 31, 2013.

On consolidated basis, the company has reported 2.85% fall in its net profit after taxes and minority interest at Rs 336.51 crore for the quarter ended March 31, 2014 as compared to Rs 346.37 crore for the same quarter in the previous year. Total income of the group has soared by 24.10% at Rs 1476.01 crore for quarter under review as compared to Rs 1189.33 crore for the quarter ended March 31, 2013.

For the year ended March 31, 2014, the company has posted a marginal rise of 0.56% in its net profit after tax at Rs 887.23 crore as compared to Rs 882.29 crore for the same period in the previous year. Total income of company has surged by 27.17% at Rs 4953.00 crore for year under review as compared to Rs 3894.70 crore for the period ended March 31, 2013.

For the year ended March 31, 2014, on the consolidated basis, the company has posted a rise of 2.95% in its net profit after taxes and minority interest at Rs 954.42 crore as compared to Rs 927.04 crore in FY13. Total income of group has increased by 28.87% at Rs 5300.55 crore for year under review as compared to Rs 4112.96 crore for the period ended March 31, 2013.

 

Mah & Mah Finl. Serv Share Price

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Peers
Company Name CMP
Bajaj Finance 7240.35
Shriram Finance 2360.20
Aditya Birla Capital 175.70
SBI Cards AndPayment 682.45
Chola Invest & Fin. 1163.70
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