Stock Report

Mahindra & Mahindra Financial Services Limited business updates for November 2021



Posted On : 2021-12-02 17:17:50( TIMEZONE : IST )

Mahindra & Mahindra Financial Services Limited business updates for November 2021

In November 2021, the business continued its momentum with a disbursement of Rs. 2,500 Crore delivering 17% Year-on-Year growth. The Collection Efficiency too improved further to 94%, up both Year-on-Year (November 2020 - Collection Efficiency was 84%) and sequentially (October 2021 - Collection Efficiency was 91%). This improved customer payment behaviour has reflected in a month-on-month reduction in Stage 2 and stability in Stage 3, compared to October 2021. The Company expects this positive trend to continue in December. This will aid in further reduction in Stage 2 and Stage 3 contracts by December end.

The Company continued to enjoy a comfortable liquidity position on its Balance Sheet as at November 2021 end, with a liquidity chest of well over 3.5 months.

Shares of Mahindra & Mahindra Financial Services Limited was last trading in BSE at Rs. 162.40 as compared to the previous close of Rs. 157.40. The total number of shares traded during the day was 172330 in over 1559 trades.

The stock hit an intraday high of Rs. 163.70 and intraday low of 157.25. The net turnover during the day was Rs. 27559074.00.

Source : Equity Bulls

Keywords

MahindraandMahindraFinancialServicesLimited INE774D01024 NBFC BusinessUpdate November2021