Mahindra & Mahindra Financial Services Ltd Share Price – NSE  / BSE

Finance, Small Cap

Mahindra & Mahindra Financial Services has received credit ratings from India Ratings and Research as under:

Non convertible debentures (Rs 39,000 crore) - ‘IND AAA'/ Outlook Stable

Retail Non-convertible Debentures (Rs 10,000 crore) - ‘IND AAA'/ Outlook Stable (The rated limit is interchangeable with retail subordinated debt)

Private Sub Debt (Rs 3450 crore) - ‘IND AAA'/ Outlook Stable

Principal Protected Market Linked Debenture (Rs 1500 crore) - IND PP-MLD AAA/Stable

Retail Subordinate Debt (Rs 3000 crore) - ‘IND AAA'/ Outlook Stable

Commercial Paper (Rs 15,000 crore) - IND A1+

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Mahindra & Mahindra Financial Services has received credit ratings from CRISIL as under:

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Net profit of Mahindra & Mahindra Financial Services rose 38.54% to Rs 389.42 crore in the quarter ended September 2024 as against Rs 281.09 crore during the previous quarter ended September 2023. Sales rose 16.48% to Rs 4465.15 crore in the quarter ended September 2024 as against Rs 3833.25 crore during the previous quarter ended September 2023.

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Mahindra & Mahindra Financial Services has received credit ratings from India Ratings & Research as under:

1 Non-convertible Debentures (Rs 39,000 crore) - 'IND AAA'/ Outlook Stable
2 Retail Non-convertible Debentures (Rs 10,000 crore) - 'IND AAA'/ Outlook Stable (The rated limit is interchangeable with retail subordinated debt)
3 Private Sub Debt (Rs 34,500 crore) - 'IND AAA'/ Outlook Stable
4 Principal Protected Market Linked Debenture (Rs 1,500 crore) - IND PP-MLD AAA/Stable
5 Retail Subordinate Debt (Rs 3,000 crore) - 'IND AAA'/ Outlook Stable
6 Commercial Paper (Rs 15,000 crore) - IND A1+
7 Bank Loan (Rs 65,000 crore) - IND AAA/ Stable/ IND A1+

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