Mahindra & Mahindra Financial Services (Mahindra Finance) has reported results for its third quarter ended December 31, 2011.
The company has posted a jump of 33.50% in net profit of Rs 154.70 crore for the quarter ended December 31, 2011 as compared to Rs 115.88 crore for the same quarter in the previous year. Total income has surged by 40.89% from Rs 529.97 crore for Q3FY11 to Rs 746.67 crore in the quarter under review.
On the consolidated basis the group has posted a net profit rise of 28.17% to Rs 159.32 crore for the quarter ended December 31, 2011 as compared to Rs 124.30 crore in the same quarter last year. Total Income of the company improved by 41.74% to Rs 775.92 crore for the quarter compared to Rs 547.44 crore in the quarter, year ago.
