According to a CNBC-TV18 poll, analysts on an average had expected the non-banking finance company to report net profit of Rs 224 crore and net interest income of Rs 656 crore for the quarter.
Provisions increased 51 percent year-on-year to Rs 126 crore in the quarter gone by. Other income was lower at Rs 9.6 crore in during September quarter as against Rs 13.5 crore in a year ago period.
On consolidated basis, profit after tax of the non-banking finance company jumped 21 percent Y-o-Y to Rs 232.5 crore and net interest income rose 30 percent to Rs 738 crore in second quarter.
Mahindra & Mahindra Financial Services' stock closed at Rs 279.50, up 2.68 percent from previous close on the Bombay Stock Exchange.
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MM Financial Services Q2 PAT rises 18% to Rs 221 cr
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MM Financial Services Q2 PAT rises 18% to Rs 221 cr
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MM Financial Services Q2 PAT rises 18% to Rs 221 cr
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