Mahindra and Mahindra Financial Services Ltd's disbursement in September 2021 at Rs. 1900 crore

In September 2021, the total disbursement at circa Rs. 1,900 Crore delivered ~23% YOY growth, albeit on a lower base, which was impacted by the first wave of COVID-19. Consequently, during Q2 FY22, the total disbursement at circa Rs. 6,450 Crore, delivered a YoY growth of 60% over Q2 FY21. Subject to improvement in auto supply chain, the Company is hopeful of a good Q3 FY22 ahead, supported by festival season and harvest cashflow.

With further improvement in mobility during September, the collection efficiency was reported at 100% for September 2021, a further improvement over levels of 95% and 97% in July and August, respectively. This resulted in further reduction in the NPA contracts during the month. We believe that this trend will continue in Q3 FY22.

The Company enjoyed a comfortable liquidity position on its Balance Sheet as at 30th September, 2021.

Shares of Mahindra & Mahindra Financial Services Limited was last trading in BSE at Rs. 188.7 as compared to the previous close of Rs. 186.4. The total number of shares traded during the day was 609332 in over 5169 trades.

The stock hit an intraday high of Rs. 191.25 and intraday low of 186.8. The net turnover during the day was Rs. 115391447.

Source : Equity Bulls

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