Mahindra & Mahindra Financial Services (Mahindra Finance) expects revenue growth to take place in the second half of fiscal year 2017 if monsoon pans out as anticipated. The company expects that NPAs may see seasonal rise in the first quarter but will then taper off.
Of the company’s loan mix, 30 percent of the company’s assets were in the passenger cars segment, 30-31 percent in utility vehicles, 20 percent in tractors, 7-8 percent in commercial vehicles and 4-5 percent in SME.
Mahindra & Mahindra Financial Services is a large non-banking finance company and M&M is a leading Indian automobile company. Besides financing M&M’s vehicles, It is also the holding company of the group's other financial services forays, including rural housing finance.
