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Mahindra & Mahindra Financial Services reports 32% fall in Q4 consolidated net profit

11 May 2017 Evaluate

Mahindra & Mahindra Financial Services has reported results for fourth quarter and year ended March 31, 2017.  

The company has reported a fall of 36.78% in its net profit at Rs 234.07 crore for the quarter ended March 31, 2017 as compared to Rs 370.27 crore for the same quarter in the previous year. However, total income of the company increased by 9.06% at Rs 1842.70 crore for quarter under review as compared to Rs 1689.69 crore for the quarter ended March 31, 2016.  

For the year ended March 31, 2017, the company has posted a fall of 40.50% in its net profit at Rs 400.23 crore as compared to Rs 672.60 crore in FY16. However, total income of company increased by 5.63% at Rs 6237.54 crore for year under review as compared to Rs 5905.10 crore for the year ended March 31, 2016.  

On consolidated basis, the company has reported a fall of 32.36% in its net profit after tax and minority interest at Rs 278.22 crore for the quarter ended March 31, 2017 as compared to Rs 411.33 crore for the corresponding quarter in the FY16. However, total income of the company increased by 11.95% at Rs 2132.57 crore for quarter under review as compared to Rs 1904.88 crore for the same quarter ended previous year.  

For the year ended March 31, 2017, on the consolidated basis, the company has posted a fall of 33.75% in its net profit after tax and minority interest at Rs 511.64 crore as compared to Rs 772.29 crore in the previous year. However, total income of company has increased by 9.14% at Rs 7200.65 crore for year under review as compared to Rs 6597.45 crore for the year ended March 31, 2016.

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