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Mahindra Finance Q1 Results: Profit jumps 75% to Rs 927 crore on higher interest margin, lower provisions
Mahindra and Mahindra Financial Services has experienced a remarkable seventy-five percent surge in net profit, driven by enhanced net interest margins and reduced provisions. The chief executive highlighted the positive impact of a recent rights issuance on the cost of funding. Disbursements soared by twenty-two percent, and there was notable growth in the non-wheels sector. However, a minor rise in overdue accounts necessitated strategic adjustments within certain segments.
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economictimes.indiatimes.com
Kotak Bank Q1 net rises 26% on loan growth
Kotak Mahindra Bank experienced a remarkable net profit surge of twenty-six percent in the June quarter. This impressive growth can be attributed to a significant decline in…
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thehindubusinessline.com
Mahindra Finance Q1 PAT jumps 70% to ₹899 crore as AUM rises 13%
Mahindra Finance reports a 70% PAT surge to ₹899 crore in Q1, driven by 13% AUM growth and increased disbursements.
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Mahindra Finance Q1 Results: Profit jumps 75% to Rs 927 crore on higher interest margin, lower provisions
Mahindra and Mahindra Financial Services has experienced a remarkable seventy-five percent surge in net profit, driven by enhanced net interest margins and reduced provisions. The…
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M&M Financial shares zoom 10% after Q1 profit jumps 70%, brokerages lift target prices
M&M Financial shares surge 10% as Q1 profit jumps 70%, prompting brokerages to raise target prices.
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IndusInd Bank Q1 Results: Profit soars 72% YoY to Rs 1,037 crore; NII flat
IndusInd Bank reported a 72% year-on-year jump in consolidated Q1 net profit to Rs 1,037 crore, aided by lower provisions despite flat net interest income and weaker fee income.…