Mahindra & Mahindra Financial Services has reported results for first quarter ended June 30, 2019.
The company has reported a fall of 74.57% in its net profit at Rs 68.43 crore for the quarter under review as compared to Rs 269.05 crore for the same quarter in the previous year. However, total income of the company increased by 24.38% at Rs 2,412.50 crore for Q1FY20 as compared Rs 1,939.67 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported a fall of 66.34% in its net profit at Rs 108.46 crore for the quarter under review as compared to Rs 322.27 crore for the same quarter in the previous year. However, total income of the company increased by 23.30% at Rs 2,838.42 crore for Q1FY20 as compared Rs 2,301.96 crore for the corresponding quarter previous year.
