Mahindra & Mahindra Financial Services Limited - Updates for the month of April 2023

Mahindra & Mahindra Financial Services Limited has announced business updates for the month of April 2023:

- In April 2023, we estimate the overall disbursement at approximately Rs. 3,775 crores delivering a 39% Y-o-Y growth.

- Healthy disbursement trends have led to Business Assets at approximately Rs. 83,900 crores, growth of ~ 1.4% over March 2023.

- The Collection Efficiency (CE) was at 92% for April 2023 (against 90% for April 2022).

- Stage-3 and Stage-2 assets have remained rangebound compared to March 2023.

- The Company continued to maintain comfortable liquidity chest of about 3 months' requirement.

Shares of Mahindra & Mahindra Financial Services Limited was last trading in BSE at Rs. 266.30 as compared to the previous close of Rs. 258.95. The total number of shares traded during the day was 544529 in over 7991 trades.

The stock hit an intraday high of Rs. 277.95 and intraday low of 262.00. The net turnover during the day was Rs. 147392616.00.

Source : Equity Bulls

Keywords

MahindraandMahindraFinancialServices INE774D01024 MahindraFinance BusinessUpdates April2023