Mahindra & Mahindra Financial Services (Mahindra Finance) has reported results for the second quarter ended September 30, 2013.
The company has reported 17.88% rise in its net profit after taxes at Rs 221.16 crore for the quarter as compared to Rs 187.61 crore for the same quarter in the previous year. Total income from operation of the company has increased by 31.25% at Rs 1203.14 crore for quarter under review as compared to Rs 916.67 crore for the quarter ended September 30, 2012.
Mahindra Finance is India’s largest rural finance company and manages assets of around $5 billion. The company has a joint venture in US with De Lage Landen Financial Services Inc., a Rabo Bank subsidiary to finance Mahindra Tractors.
