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Mahindra & Mahindra Financial Services reports 34% rise in Q2 consolidated net profit

27 Oct 2020 Evaluate

Mahindra & Mahindra Financial Services has reported results for second quarter ended September 30, 2020.

The company has reported 20.56% rise in its net profit of Rs 303.53 crore for the quarter under review as against net profit of Rs 251.77 crore for the same quarter in the previous year. Total income of the company increased 4.28% at Rs 2649.51 crore for Q2FY21 as compared Rs 2540.85 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 34.39% rise in its net profit attributable to owners at Rs 351.35 crore for the quarter under review as against net profit of Rs 261.45 crore for the same quarter in the previous year. Total income of the company increased by 4.56% at Rs 3070.50 crore for Q2FY21 as compared Rs 2936.49 crore for the corresponding quarter previous year.

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