Mahindra Finance jumps on reporting 37% rise in Q1 consolidated net profit
Mahindra & Mahindra Financial Services is currently trading at Rs. 297.40, up by 4.90 points or 1.68% from its previous closing of Rs. 292.50 on the BSE.
The scrip opened at Rs. 296.00 and has touched a high and low of Rs. 299.25 and Rs. 280.95 respectively. So far 256522 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 326.95 on 25-Jul-2023 and a 52 week low of Rs. 243.90 on 30-Oct-2023.
Last one week high and low of the scrip stood at Rs. 299.25 and Rs. 280.95 respectively. The current market cap of the company is Rs. 35496.77 crore.
The promoters holding in the company stood at 52.16%, while Institutions and Non-Institutions held 40.73% and 7.09% respectively.
Mahindra & Mahindra Financial Services (Mahindra Finance) has reported 45.45% rise in its net profit at Rs 512.96 crore for the first quarter ended June 30, 2024 (Q1FY25) as compared to Rs 352.66 crore for the same quarter in the previous year. Total income of the company increased by 13.18% at Rs 3,760.15 crore for Q1FY25 as compared to Rs 3,125.41 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 37.21% rise in net profit at Rs 497.01 crore for Q1FY25 as compared to Rs 362.22 crore for the same quarter in the previous year. Total income of the company increased by 19.74% at Rs 4,354.93 crore for Q1FY25 as compared to Rs 3,636.91 crore for the corresponding quarter previous year.
