Mahindra & Mahindra Financial Services hits 52-week high despite reporting 33% fall in Q3 consolidated net profit
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Mahindra & Mahindra Financial Services is currently trading at Rs. 263.60, up by 20.60 points or 8.48% from its previous closing of Rs. 243.00 on the BSE.
The scrip opened at Rs. 252.00 and has touched a high and low of Rs. 267.30 and Rs. 250.25 respectively. So far 455532 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 267.30 on 06-Feb-2023 and a 52 week low of Rs. 127.95 on 07-Mar-2022.
Last one week high and low of the scrip stood at Rs. 267.30 and Rs. 222.00 respectively. The current market cap of the company is Rs. 32068.18 crore.
The promoters holding in the company stood at 52.16%, while Institutions and Non-Institutions held 39.84% and 8.00% respectively.
Mahindra & Mahindra Financial Services has reported results for third quarter ended December 31, 2022 (Q3FY23).
The company has reported a fall of 29.63% in its net profit at Rs 628.95 crore for the quarter under review as compared to Rs 893.81 crore for the same quarter in the previous year. However, total income of the company increased 13.71% at Rs 2891.55 crore for Q3FY23 as compared to Rs 2542.99 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported fall of 33.05% in its net profit at Rs 664.38 crore for the quarter under review as compared to Rs 992.29 crore for the same quarter in the previous year. However, total income of the company increased 12.30% at Rs 3352.82 crore for Q3FY23 as compared to Rs 2985.65 crore for the corresponding quarter previous year.
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