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MAHINDRA & MAHINDRA FINANCIAL SERVICES LTD. - 532720 - Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

 In compliance with Regulation 44 and other applicable provisions of the Listing Regulations, please find enclosed Voting Results (remote e-voting and e-voting at the venue of the 32nd Annual General Meeting) of the business transacted at the Annual General Meeting of the Company held on Thursday, 28th July 2022 at 3:30 p.m. (IST) in the prescribed format pursuant to Regulation 44(3) of the Listing Regulations together with the Combined Scrutinizer's Report thereon as Annexure I.
29-07-2022
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MAHINDRA & MAHINDRA FINANCIAL SERVICES LTD. - 532720 - Contact Details Of Key Managerial Personnel Under Regulation 30(5) Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015 ("Listing Regulations")

 Pursuant to Regulation 30(5) of the Listing Regulations, please find attached updated contact details of the Key Managerial Personnel ('KMP') of the Company authorized by the Board of the Company under Regulation 30(5) of the Listing Regulations for determining materiality of an event or information and making disclosures to Stock Exchanges under Regulation 30 of the Listing Regulations with effect from 28th July 2022.
29-07-2022
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MAHINDRA & MAHINDRA FINANCIAL SERVICES LTD. - 532720 - Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS

 We hereby inform you that Mahindra & Mahindra Financial Services Limited Employees' Stock Option Trust has today i.e. on Friday, 29th July 2022 transferred 53,337 equity shares of the Company, in aggregate, to the eligible employees of the Company, pursuant to the exercise of the vested Stock Options by them, under the Mahindra & Mahindra Financial Services Limited Employees' Stock Option Scheme - 2010. The details of the eligible employees of the Company to whom the equity shares of the Company have been transferred are given in Annexure I to this letter. Kindly acknowledge receipt.
29-07-2022
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MAHINDRA & MAHINDRA FINANCIAL SERVICES LTD. - 532720 - Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s

 Pursuant to applicable provisions of the Listing Regulations, we hereby inform you that the Members at their 32nd Annual General Meeting ('AGM') held on 28th July 2022 have approved the appointment of Messrs. Deloitte Haskins & Sells, Chartered Accountants and Messrs. Mukund M. Chitale & Co., Chartered Accountants as the Joint Statutory Auditors of the Company, for a period of two consecutive years , from the conclusion of the Thirty-second AGM till the conclusion of the Thirty-fourth AGM of the Company to be held in the year 2024.
29-07-2022
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MAHINDRA & MAHINDRA FINANCIAL SERVICES LTD. - 532720 - Proceedings Of The 32Nd Annual General Meeting Of Mahindra And Mahindra Financial Services Limited ('The Company') - Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015 ('Listing Regulations')

 In compliance with Regulation 30(6) read with Schedule III, Part A, Para A (13) and other applicable provisions of the Listing Regulations, please find enclosed proceedings of the 32nd Annual General Meeting of the Company held on Thursday, 28th July 2022 at 3:30 p.m. (IST) through Video Conferencing ('VC').
29-07-2022
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MAHINDRA & MAHINDRA FINANCIAL SERVICES LTD. - 532720 - Audio Recording Of Investor/ Analyst Meet Held On Thursday, 28Th July 2022

 In compliance with Regulation 30, 46 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the audio recording of the Analyst/ Investor meet held on Thursday, 28th July 2022, has been uploaded on the website of the Company within the stipulated timelines.
29-07-2022
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MAHINDRA & MAHINDRA FINANCIAL SERVICES LTD. - 532720 - Announcement under Regulation 30 (LODR)-Newspaper Publication

 Newspaper Publication - Regulation 47 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
29-07-2022

M&M Finance posts net profit of Rs 240 cr in Q1; total income rises 14%

 Mahindra & Mahindra Financial Services on Thursday reported a consolidated net profit of Rs 240 crore for June quarter aided by fall in expenses and higher income from business operations. The company had posted a net loss of Rs 1,573.40 crore in April-June 2021-22. The loss in the year-ago period was due to the impact of second wave of COVID-19, Mahindra & Mahindra Financial Services (Mahindra Finance) said. The net profit in the period was 62 per cent lower when compared to the previous March quarter. Total income during April-June 2022-23 increased to Rs 2,914 crore from Rs 2,567 crore earlier, Mahindra Finance said in a regulatory filing. Interest income was up at Rs 2,766 crore as against Rs 2,465 crore. Besides, total expenses for the Mahindra group's non-banking financial arm fell 45 per cent to Rs 2,607 crore as against Rs 4,725 crore. Though the expenses were higher from Rs 2,035 crore in March 2022 quarter. The June quarter earnings include results from as many as .
28-07-2022
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Q1FY23 Quarterly Result Announced for Mahindra & Mahindra Financial Services Ltd.

 Mahindra & Mahindra Financial Services Announced Q1FY23 Result : Revenue at Rs. 2,499 crores (14% YoY growth) and PAT at Rs. 223 Crore during the quarter Strong Disbursement growth 145% YoY; sequential growth of 3% Loan Book - Rs. 67,693 Crore; YoY, growth of 6%; sequential growth of 4% Gross Stage 3 at 8.0%; Net Stage 3 at 3.5% Stage 2 declined sequentially from 14.3% to 11.7% Total Income was at Rs. 2,499 Crore for the quarter, an increase of 14% YoY aided by growth in asset book Loan Book increased sequentially by 4.2% to Rs. 67,693 Crore with improvement in disbursements. Disbursements at Rs. 9,472 crores was higher by 145% YoY Net Interest Margins for the quarter were healthy at 8.2%; Net Interest Income at Rs. 1,567 Crore increased by 34% YoY, on the back of low-cost borrowings during the trailing 12-month period Profit after Tax (PAT) was at Rs. 223 Crore for the quarter as against Loss after Tax of Rs. 1,529 Crore during Q1 FY22, which was impacted due to second wave of Covid-19 pandemic. Gross Stage 3 marginally increased from 7.7% in March to 8.0% in June despite seasonal volatility, powered by focused collection initiatives and timely repossessions. This is the lowest GS3 level witnessed during the first quarter under IND-AS reporting. The Company’s Capital Adequacy stands at a healthy 25.9%. Provision coverage on Stage 3 loans maintained at 58.1%. As of June end, the Company carried a total liquidity buffer of approximately Rs. 8,700 Crore - covering 3 months’ obligations. The Total Income increased by 14% at Rs. 2,914 Crore during the quarter ended June 30, 2022, as against Rs. 2,567 Crore during the corresponding quarter last year. The PAT stood at Rs. 240 Crore during the quarter ended June 30, 2022, as against Loss after Tax of Rs. 1,573 Crore during the corresponding quarter last year. Commenting on the Q1 performance, Mr. Iyer, Vice Chairman and Managing Director highlighted “We have had a reasonable start to the year. The company has been able to report a satisfactory top line and bottom-line performance on the back of growth in asset book and control on asset quality. We look forward to this momentum to continue in subsequent quarters. The first quarter of last year was impacted due to second wave of Covid-19. As the year progressed, the asset quality improved and the performance normalized. To that end, the current quarter performance is not comparable to that of previous year.” Result PDF
28-07-2022
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MAHINDRA & MAHINDRA FINANCIAL SERVICES LTD. - 532720 - Announcement under Regulation 30 (LODR)-Investor Presentation

 In compliance with Regulation 30, Schedule III, Part A, Para A(15) and other applicable provisions of the Listing Regulations, please find enclosed herewith an Earnings Presentation, to be made at Investor/ Analyst meet scheduled today i.e., Thursday 28th July 2022 at 6.30 p.m. (1ST) encompassing, inter-alia, summary of the Unaudited Standalone and Consolidated Financial Results of the Company for the first quarter ended 30th June 2022, highlights of the quarter and other updates.
28-07-2022
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