Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    HomeNewsBusinessEarningsM&M Financial Q2 PAT seen up 19% at Rs 223.5cr: P Lilladher

    M&M Financial Q2 PAT seen up 19% at Rs 223.5cr: P Lilladher

    According to Prabhudas Lilladher, Mahindra & Mahindra Financial Services to report a 16.9 percent growth quarter-on-quarter (growth of 19.1 percent year-on-year) in net profit at Rs 223.5 crore.

    October 19, 2013 / 16:39 IST
       
       
      26 Aug, 2025 12:21
      Volume
      Todays L/H
      More

      Prabhudas Lilladher has come out with its second quarter (July-September) earnings estimates for the NBFC sector. The brokerage house expects Mahindra & Mahindra Financial Services to report a 16.9 percent growth quarter-on-quarter (growth of 19.1 percent year-on-year) in net profit at Rs 223.5 crore.


      Net-interest income of Mahindra & Mahindra Financial Services is expected to increase by 7.9 percent Q-o-Q (up 26.5 percent Y-o-Y) to Rs 665.2 crore, according to Prabhudas Lilladher.


      Prabhudas Lilladher's Report on Mahindra & Mahindra Financial Services:


      Management had passed on around 50-75bps rate hike earliest for new customers but given 10 percent CP dependence, there is likely to be some front-ended margin impact.


      Growth continues to remain strong in tractors/used vehicles and that will drive 25 percent Y-o-Y growth atleast on AUMs though disbursement growth is slowing down.


      Slippages were higher than trend levels in Q1FY14 which is stable now and management expects improved recoveries in H2FY14.

      Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

      first published: Oct 19, 2013 04:39 pm

      Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

      Subscribe to Tech Newsletters

      • On Saturdays

        Find the best of Al News in one place, specially curated for you every weekend.

      • Daily-Weekdays

        Stay on top of the latest tech trends and biggest startup news.

      Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347
      CloseOutskill Genai