HomeNewsBusinessEarningsMahindra Finance Q1 net up 34%, cuts LTV by 10%
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Mahindra Finance Q1 net up 34%, cuts LTV by 10%

Mahindra Finance, the non-banking finance (NBFC) arm of Mahindra & Mahindra group, reported 34% year-on-year growth in its net profit at Rs 3,824 crore on the back of robust loan book growth. With its non-performing assets remaining almost unchanged quarter-on-quarter, the company has also managed to maintain its asset quality.

July 30, 2011 / 11:01 IST
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Moneycontrol Bureau

Mahindra Finance, the non-banking finance (NBFC) arm of Mahindra & Mahindra group, reported 34% year-on-year growth in its net profit at Rs 3,824 crore on the back of robust loan book growth. With its non-performing assets remaining almost unchanged quarter-on-quarter, the company has also managed to maintain its asset quality.
first published: Jul 29, 2011 06:43 pm

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