Mahindra & Mahindra Financial Services - Q2FY14 Result First-Cut - Microsec

Mahindra & Mahindra Financial Services Ltd. announced its Q2FY14 result on 21st October 2013.

The company's consolidated total income increased by 10.40% QoQ and 32.61% YoY to INR1285.79 crores. Whereas, Profit After Tax (PAT) increased by 14.50% QoQ and 20.77% YoY to INR232.49 crores. For the half year ended September 30, 2013, total income increased by 32.30% YoY to INR2450.47 crores while PAT increased by 19.50% YoY to INR232.49 crores.

During the half year ended September 30, 2013, the company registered a disbursement growth of 17% against the corresponding period last year and maintaining its leadership position in vehicles and tractors finance in the rural and semi urban markets. Moreover, company's total Assets Under Management (AUM) grew by 31% YoY to INR31146 crores.

Source : Equity Bulls

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