Moneycontrol
Get App
you are here: HomeNewsBusiness
Last Updated : Apr 24, 2019 08:54 PM IST | Source: PTI

Mahindra Finance net profit jumps 87% to Rs 588 cr in March quarter

The company's standalone net profit had stood at Rs 314 crore in the corresponding quarter a year ago.

Representative image
Representative image
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Mahindra Finance on April 24 reported an 87 per cent rise in net profit to Rs 588 crore for the fourth quarter ended March 2019.

The company's standalone net profit had stood at Rs 314 crore in the corresponding quarter a year ago.

Its total income increased to Rs 2,480 crore as compared with Rs 1,808 crore in the year-ago quarter, Mahindra Finance said in a release.

Close

The board has recommended a dividend of Rs 4 or 200 per cent per share and also a special dividend of Rs 2.50 aggregating Rs 6.50 per share of the face value of Rs 2 each for the financial year ended March 31, 2019.

The special dividend is being recommended in the light of successful completion of 25 years of the company's business operations.

Subscribe to Moneycontrol Pro and gain access to curated markets data, exclusive trading recommendations, independent equity analysis, actionable investment ideas, nuanced takes on macro, corporate and policy actions, practical insights from market gurus and much more.
First Published on Apr 24, 2019 08:52 pm
Loading...
Sections
Follow us on
Available On
PCI DSS Compliant