Mahindra Finance Q4 Results Review - NIMs Improved QoQ; RoA Guidance Lowered To 2.2% FY25: IDBI Capital
AUM growth remains strong at 24% YoY as against 25.5% YoY (Q3 FY24) led by 13% YoY growth in FY24 disbursements.07-05-2024
07-05-2024
MAHINDRA & MAHINDRA FINANCIAL SERVICES LTD. - 532720 - Compliances-Reg.24(A)-Annual Secretarial Compliance
Secretarial Compliance Report for the financial year ended 31st March 202406-05-2024
Q4FY24 Quarterly Result Announced for Mahindra & Mahindra Financial Services Ltd.
Finance company Mahindra & Mahindra Financial Services announced Q4FY24 results: Financial Highlights: Standalone: AUM (Business assets) crosses 1 Lakh crore, Rs 1,02,597 crore, YoY increase of 24% Disbursement: FY24 Rs 56,208 crore, YoY increase of 13%. Q4FY24 Rs 15,292 crore, YoY increase of 11% Continued Leadership in Wheels: Passenger vehicles, Pre-owned vehicles and Tractors. NII margins improved QoQ 7.1% vs 6.8%. FY24 YoY 6.8% vs 7.6% Robust Asset quality: GS2%+GS3% < 9%. Stage-3 @3.4% vs. 4.0% in Dec-2023 Credit Cost: YoY 1.7% vs 1.2%. (FY24 target 1.5% – 1.7% achieved) A one-time provision of Rs 136 crore towards fraud at one of the Company’s branches Capital Adequacy healthy at 18.9% - Tier-1 Capital @ 16.4%. Provision coverage on Stage 3 loans remained prudent at 63.2%. Total liquidity buffer comfortable at ~Rs. 7,950 crore Consolidated: Total Income rose to Rs 4,333 crore in Q4FY24 from Rs 3,536 in Q4FY23. Profit after tax fell to Rs 671 crore in Q4FY24 from Rs 675 crore in Q4FY23. Mahindra Insurance Brokers: Total Income > Rs 1,000 crore, PAT > Rs 100 crore Mahindra Rural Housing: Asset Quality improvement: Gross Stage 3 @ 9% Mahindra Manulife: AUM crosses Rs 20,000 crore (On 1st April 2024) Result PDF06-05-2024
MAHINDRA & MAHINDRA FINANCIAL SERVICES LTD. - 532720 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper publication of the audited standalone and consolidated financial results for the fourth quarter and financial year ended 31st March 202406-05-2024
MAHINDRA & MAHINDRA FINANCIAL SERVICES LTD. - 532720 - Announcement under Regulation 30 (LODR)-Monthly Business Updates
Updates for the month of April 202406-05-2024
MAHINDRA & MAHINDRA FINANCIAL SERVICES LTD. - 532720 - Announcement under Regulation 30 (LODR)-Investor Presentation
Earnings Presentation for Q4 FY 202406-05-2024
MAHINDRA & MAHINDRA FINANCIAL SERVICES LTD. - 532720 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Press Release on Audited Standalone and Consolidated Financial Results of the Company for the fourth quarter and financial year ended 31st March 202404-05-2024
Mahindra Finance Fraud At Mizoram Branch Impacted Q4 Profit By Rs 135.86 Crore
The actual amount involved in the fraud stood at Rs 135.86 crore, which the company expects to recover to certain extend upon completion of actions by law enforcement authorities.04-05-2024
MAHINDRA & MAHINDRA FINANCIAL SERVICES LTD. - 532720 - Disclosure Under Regulation 23(9) Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015.
Disclosure of Related Party Transactions for the half yer ended 31st March 202404-05-2024