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

Finance, Small Cap

Mahindra Finance’s Q1 FY25 disbursements grew 5% YoY to about Rs 12,730 crore.

Business assets were at approximately Rs 1,06,200 crore in June 2024, grew by 22% over June 2023.

The collection efficiency (CE) was at 95% for June 2024 as against 96% in June 2023. For Q1 FY25, the CE is estimated at 94% same as that of previous year.

As at 30 June 2024, Stage-3 is estimated at about 3.6% as against 4.3% as at 30 June 2023 and Stage-2 is estimated at around 6.1% compared with 6.4% as at 30 June 2023.

The company said that it continued to maintain a comfortable liquidity position on its balance sheet, with a liquidity chest of over Rs. 8,000 crore.

Mahindra & Mahindra Financial Services (Mahindra Finance), part of the Mahindra Group, is one of India's leading non-banking finance companies. Focused on the rural and semi-urban sector, the company has over 8.7 million customers and has an AUM of over USD 11 Billion. The company is a leading vehicle and tractor financier, provides loans to SMEs and also offers fixed deposits.

Mahindra & Mahindra Financial Services standalone net profit fell 9.52% to Rs 618.99 crore on 21.25% increase in total income to Rs 3,706.10 crore in Q4 FY24 over Q4 FY23.

The scrip fell 0.91% to currently trade at Rs 299.45 on the BSE.

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Securities in F&O ban: The India Cements and Indus Towers

Mahindra & Mahindra Financial Services reported disbursement up 5% year-on-year at Rs 12,730 crore for the end of Q1 FY25 and business assets increased 4% QoQ at Rs 1.06 lakh crore. Collection efficiency for the end of Q1 FY25 stood at 94%.

Yes Bank’s loans and advances up 14.8% year-on-year at Rs 2.29 lakh crore, deposits up 20.8% year-on-year at Rs 2.64 lakh crore in the Q1 FY25. CASA ratio at 30.7% as against 30.9% QoQ.

NTPC reported power generation up 9.5% year-on-year at 113.87 BU, and coal stations recorded a plant load factor of 79.5% at the end of Q1 FY 25

Hindustan Zinc reported a 2% year-on-year increase in Mined metal production at 263 kt, Saleable metal output up 1% at 262 kt YoY, and silver output down 7% at 167 tonnes YoY.

Avenue Supermart (Dmart) reported standalone revenue up 18% year-on-year at Rs 13,712 crore. The total stores stood at 371 as of 30 June 2024.

MosChip Technologies signed a pact with C-DAC and Socionext to make a high-performance computing processor AUM. The processor is to be built on TSMC's 5 nm technology node.

Primo Chemicals secured long-term coal linkages via a 10-year fuel supply agreement with Northern Coalfields.

Piramal Enterprises’ board approved raising upto Rs 180 crore via bonds.

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Mahindra & Mahindra Financial Services announced that Vivek Karve, Chief Financial Officer of the company has tendered his resignation from the services of the Company to pursue personal, social and professional interests beyond a full-time employment

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Raul Rebello, Managing Director & CEO mentioned, “We express our appreciation on Vivek’s contributions for the last four years with Mahindra Finance. Given his association with the company and management over the years, he has agreed to remain with the company beyond the stipulated notice period and until declaration of financial results for the 2nd quarter FY25, i.e. up to 31 October 2024 thereby ensuring a smooth transition. As regards to succession planning, the company is in the process of identifying a suitable candidate and necessary announcements would be made in due course.”

Mahindra & Mahindra Financial Services, part of the Mahindra Group, is one of India's leading non-banking finance companies. Focused on the rural and semi-urban sector, the company has over 8.4 million customers and has an AUM of over $11 billion. The company is a leading vehicle and tractor financier, provides loans to SMEs and also offers fixed deposits.

Mahindra & Mahindra Financial Services standalone net profit fell 9.52% to Rs 618.99 crore on 21.25% increase in total income to Rs 3,706.10 crore in Q4 FY24 over Q4 FY23.

The scrip fell 0.49% to currently trade at Rs 304.50 on the BSE.

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