Mahindra Finance surges on reporting 75% growth in disbursement during November
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Mahindra & Mahindra Financial Services is currently trading at Rs. 240.45, up by 11.45 points or 5.00% from its previous closing of Rs. 229.00 on the BSE.
The scrip opened at Rs. 232.20 and has touched a high and low of Rs. 243.60 and Rs. 228.50 respectively. So far 498178 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 235.00 on 15-Sep-2022 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. 243.60 and Rs. 211.35 respectively. The current market cap of the company is Rs. 29986.31 crore.
The promoters holding in the company stood at 52.16 % while Institutions and Non-Institutions held 39.05 % and 8.80 % respectively.
Mahindra & Mahindra Financial Services (Mahindra Finance) has reported disbursement of approximately Rs 4,500 crore delivering a 75% Y-o-Y growth in November 2022, on the backdrop of positive macro environment. The YTD disbursement at approximately Rs 31,050 crore registered a Y-o-Y growth of 99%.
Healthy disbursement trends have led to a strong gross asset book of approximately Rs 76,300 crore, growing around 3.4% over September 2022. This has resulted in growth of around 17.5% vs March 2022. The collection efficiency (CE) was at 96% for November 2022, against CE of 94% for November 2021.
Mahindra Finance is one of India’s leading non-banking finance companies.
