Friday 24 January 2014

Mahindra Finance shines on reporting 16% fall in Q3 consolidated net profit

Mahindra & Mahindra Financial Services (Mahindra Finance) is currently trading at Rs. 242.75, up by 2.85 points or 1.19% from its previous closing of Rs. 239.90 on the BSE.

The scrip opened at Rs. 242.70 and has touched a high and low of Rs. 245.70 and Rs. 239.00 respectively. So far 1,95,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 355.90 on 23-Dec-2013 and a 52 week low of Rs. 179.00 on 04-Mar-2013.

Last one week high and low of the scrip stood at Rs. 280.00 and Rs. 232.35 respectively. The current market cap of the company is Rs. 13,838.00 crore.

The promoters holding in the company stood at 52.17% while Institutions and Non-Institutions held 43.01% and 4.82% respectively.

The company has reported 18.02% fall in its net profit at Rs 164.14 crore for the quarter as compared to Rs 200.23 crore for the same quarter in the previous year. However, total income of the company has increased by 27.01% at Rs 1271.12 crore for quarter under review as compared to Rs 1000.80 crore for the quarter ended December 31, 2012.

On the consolidated basis, the group has reported 15.65% fall in its net profit at Rs 182.36 crore for the quarter ended December 31, 2013 as compared to Rs 216.20 crore for the same quarter in the previous year. However, total income of the company has increased by 28.36% at Rs 1363.20 crore for quarter under review as compared to Rs 1061.96 crore for the quarter ended December 31, 2012.

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