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Neutral Mahindra & Mahindra Financial Services Ltd For Target Rs.300 by Yes Securities Await acceleration in disbursement growth Originations growth was low in key products; PPOP performance was below expectations MMFS delivered a PAT of Rs5.1bn in Q1 FY25 which was 16% higher than our estimate. The beat came solely from much lower-than-expected credit cost, whereas PPOP/NII were 9%/5% below our expectations. Controlled credit cost, despite deterioration in asset quality (seasonality + election/heatwave impact) and sustained write-offs (though moderated), was driven by EC...
Neutral Mahindra & Mahindra Financial Services Ltd For Target Rs.300 by Yes Securities
Neutral Mahindra & Mahindra Financial Services Ltd For Target Rs.300 by Yes Securities
Source: Yes Securities Ltd
2024-07-26 05:00:53 pm
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 a...
Mahindra Finance jumps on reporting 37% rise in Q1 consolidated net profit
Mahindra Finance jumps on reporting 37% rise in Q1 consolidated net profit
Source: Accord Fintech
2024-07-23 03:26:33 pm
Buy Mahindra & Mahindra Financial Services Ltd For Target Rs. 336 - Religare Broking Healthy top-line growth, improved operating efficiency: Mahindra and Mahindra Financial Services announced that during Q3FY24 its net interest income increased by 8.1% QoQ/18% YoY to Rs 2,302 Cr. The growth in top-line was mainly led by healthy growth in interest income (7% QoQ/23.4% YoY), however, it was partially offset by rise in interest cost by 5.5% QoQ/30.9 YoY. Pre-provision operating profit growth remained healthy at 14.3% QoQ/9.7% YoY which was mainly due to decline in provisions and...
Buy Mahindra & Mahindra Financial Services Ltd For Target Rs. 336 - Religare Broking
Buy Mahindra & Mahindra Financial Services Ltd For Target Rs. 336 - Religare Broking
Source: Religare Broking
2024-03-14 12:55:45 pm
Sector Update : Buy Mahindra Finance Ltd - Motilal Oswal Financial Services Ltd Feb’24 disbursements grew 13% YoY; asset quality remained stable CE stood at 97% (same levels YoY) Key takeaways from Feb’24 business update: * MMFS Feb’24 disbursements grew 13% YoY to ~INR47.3b. YTD-FY24 disbursements stood at ~INR500b, up ~14% YoY. * Gross business assets as of Feb’24 stood at ~INR1t, up 24% YoY and a growth of ~21% over Mar’23. * Feb’24 collection efficiency stood at 97% (vs. 97% in Feb’23). * GS3/GS2 were range-...
Sector Update : Buy Mahindra Finance Ltd - Motilal Oswal Financial Services Ltd
Sector Update : Buy Mahindra Finance Ltd - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-03-05 11:28:03 am
Buy Mahindra & Mahindra Financial Services Ltd For Target Rs. 336 - Religare Broking Ltd Healthy top-line growth, improved operating efficiency: Mahindra and Mahindra Financial Services announced that during Q3FY24 its net interest income increased by 8.1% QoQ/18% YoY to Rs 2,302 Cr. The growth in top-line was mainly led by healthy growth in interest income (7% QoQ/23.4% YoY), however, it was partially offset by rise in interest cost by 5.5% QoQ/30.9 YoY. Pre-provision operating profit growth remained healthy at 14.3% QoQ/9.7% YoY which was mainly due to decline in provisions and...
Buy Mahindra & Mahindra Financial Services Ltd For Target Rs. 336 - Religare Broking Ltd
Buy Mahindra & Mahindra Financial Services Ltd For Target Rs. 336 - Religare Broking Ltd
Source: Religare Broking Ltd
2024-02-28 12:29:18 pm
Neutral M&M Financial Services Ltd For Target Rs.300 - Yes Securities A disappointing show Multiple disappointments in sharp NIM decline, elevated opex and much higher credit cost Bereft of any one-offs, MMFS delivered 5%/11%/55% miss on NII/PPOP/PAT in Q2 FY24. While the headline growth and asset quality trends were known, the substantial miss on earnings was driven by steeper-than-expected 30 bps margin contraction (led by decline in portfolio yield), high opex (required strategic investments) and significantly large credit cost (caused by meaningful sl...
Neutral M&M Financial Services Ltd For Target Rs.300 - Yes Securities
Neutral M&M Financial Services Ltd For Target Rs.300 - Yes Securities
Source: Yes Securities Ltd
2023-11-08 12:49:45 pm