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Mahindra & Mahindra Financial Services reports 16% rise in Q3 consolidated net profit

29 Jan 2020 Evaluate

Mahindra & Mahindra Financial Services has reported results for third quarter ended December 31, 2019.

The company has reported a rise of 14.63% in its net profit at Rs 365.28 crore for the quarter under review as compared to Rs 318.65 crore for the same quarter in the previous year. Total income of the company increased by 16.47% at Rs 2,616.02 crore for Q3FY20 as compared Rs 2,246.07 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 15.98% in its net profit at Rs 474.86 crore for the quarter under review as compared to Rs 409.45 crore for the same quarter in the previous year. Total income of the company rise by 13.89% at Rs 3,081.30 crore for Q3FY20 as compared Rs 2,705.45 crore for the corresponding quarter previous year.

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