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Mahindra & Mahindra Financial Services Ltd Q2FY21 consolidated net profit at Rs. 351.34 crore
Posted On : 2020-10-26 17:42:24( TIMEZONE : IST )
MAHINDRA & MAHINDRA FINANCIAL SERVICES LTD. has reported financial results for the period ended September 30, 2020.
Financial Results (Q2 FY20-21) - QoQ Comparison
The company has reported total income of Rs.3070.50 crores during the period ended September 30, 2020 as compared to Rs.3068.68 crores during the period ended June 30, 2020.
The company has posted net profit / (loss) of Rs.351.34 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.431.72 crores for the period ended June 30, 2020.
The company has reported EPS of Rs.4.57 for the period ended September 30, 2020 as compared to Rs.7 for the period ended June 30, 2020.
| Financials | Q2 FY20-21 | Q1 FY20-21 | % Change |
| Total Income | ₹ 3070.50 crs | ₹ 3068.68 crs |  0.06% |
| Net Profit | ₹ 351.34 crs | ₹ 431.72 crs |  -18.62% |
| EPS | ₹ 4.57 | ₹ 7 | -34.71% |
Financial Results (Q2 FY20-21) - YoY Comparison
The company has reported total income of Rs.3070.50 crores during the period ended September 30, 2020 as compared to Rs.2936.48 crores during the period ended September 30, 2019.
The company has posted net profit / (loss) of Rs.351.34 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.261.45 crores for the period ended September 30, 2019.
The company has reported EPS of Rs.4.57 for the period ended September 30, 2020 as compared to Rs.4.24 for the period ended September 30, 2019.
| Financials | Q2 FY20-21 | Q2 FY19-20 | % Change |
| Total Income | ₹ 3070.50 crs | ₹ 2936.48 crs | 4.56% |
| Net Profit | ₹ 351.34 crs | ₹ 261.45 crs | 34.38% |
| EPS | ₹ 4.57 | ₹ 4.24 | 7.78% |
Financial Results (6 months ended FY 20-21) - YoY Comparison
The company has reported total income of Rs.6139.18 crores during the 6 months period ended September 30, 2020 as compared to Rs.5774.91 crores during the 6 months period ended September 30, 2019.
The company has posted net profit / (loss) of Rs.783.07 crores for the 6 months period ended September 30, 2020 as against net profit / (loss) of Rs.368.68 crores for the 6 months period ended September 30, 2019.
The company has reported EPS of Rs.10.18 for the 6 months period ended September 30, 2020 as compared to Rs.5.98 for the 6 months period ended September 30, 2019.
| Financials | Half-Year Ended FY20-21 | Half-Year Ended FY19-20 | % Change |
| Total Income | ₹ 6139.18 crs | ₹ 5774.91 crs | 6.31% |
| Net Profit | ₹ 783.07 crs | ₹ 368.68 crs | 112.4% |
| EPS | ₹ 10.18 | ₹5.98 | 70.23% |
PBT for H1 F2021 includes an exceptional item in the nature of capital gain of Rs.229 Crores recognized in the statement of profit and loss on the basis of fair valuation of retained interest of 51% post stake dilution of 49% in its subsidiaries, Mahindra Manulife Investment Management Private Limited (formerly known as Mahindra Asset Management Company Private Limited) and Mahindra Manulife Trustee Private Limited (formerly known as Mahindra Trustee Company Private Limited), vide Joint Venture agreement with Manulife Asset Management (Singapore) Pte. Ltd. (Manulife).
Shares of MAHINDRA & MAHINDRA FINANCIAL SERVICES LTD. was last trading in BSE at Rs.130.85 as compared to the previous close of Rs. 134.7. The total number of shares traded during the day was 586991 in over 6335 trades.
The stock hit an intraday high of Rs. 135.55 and intraday low of 128.55. The net turnover during the day was Rs. 77157801.
