M&M Fin Services Q1 results: Net profit jumps 45% to Rs 513 crore

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M&M Fin Services Q1 results: Net profit jumps 45% to Rs 513 crore - Business Standard

Quick Summary:

The core net interest income grew 15 per cent to Rs 1,932 crore and the interest margin narrowed to 6.6 per cent from 7.1 per cent in the same period of the previous quarter.

Mahindra and Mahindra Financial Services on Tuesday reported a 45 per cent jump in June quarter net profit to Rs 513 crore.

Its total income grew 20 per cent to Rs 3,760 crore during the reporting quarter, and the assets under management were up 23 per cent at Rs 1.06 lakh crore.