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Mahindra Finance and Magma HDI General Insurance join hands to expand financial access for emerging India Magma HDI General Insurance Company, a fast-growing company in India’s general insurance sector has enteredinto a corporate agency agreementwith Mahindra Finance, one of the country’s leading NBFCs. Under this agreement, Magma HDI will provide tailor-made insurance solutions to Mahindra Financecustomers with a bouquet of general insurance products within the motor and non-motor segments. The signing ceremonywas attended by Raul Rebello, Managing Director&CEOofMahindra Finan...
Mahindra Finance and Magma HDI General Insurance join hands to expand financial access for emerging India
Mahindra Finance and Magma HDI General Insurance join hands to expand financial access for emerging India
Source: PR Agency
2024-12-04 04:26:12 pm
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