Mahindra Finance Q2 Net Profit Rises 55% to Rs 882 Crore
Mahindra & Mahindra Financial Services reported a 55% year-on-year rise in standalone net profit to Rs 882 crore for the quarter ended September 30, driven by higher volumes and lower credit costs. Consolidated net profit rose 61% to Rs 911 crore, with total assets growing 21% to Rs 1.80 lakh crore. Revenue increased 15% to Rs 5,164 crore, and net interest income rose 17% to Rs 2,822 crore. Disbursements grew 22%, led by gold loans, SME, and mortgage lending.
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