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

Mahindra & Mahindra Financial Services Limited has announced the following updates for the month of May 2023:

- In May 2023, we estimate the overall disbursement at approximately Rs. 4,150 crores delivering a 39% Y-o-Y growth.

- Healthy disbursement trends have led to Business Assets at approximately Rs. 85,500 crores, growth of ~ 3.3% over March 2023.

- The Collection Efficiency (CE) was at 96% for May 2023 (against 95% for May 2022).

- Stage-3 and Stage-2 assets continued to remain range-bound 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. 294.05 as compared to the previous close of Rs. 284.55. The total number of shares traded during the day was 270805 in over 5552 trades.

The stock hit an intraday high of Rs. 295.00 and intraday low of 282.85. The net turnover during the day was Rs. 79090183.00.

Source : Equity Bulls

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MahindraandMahindraFinancialServices INE774D01024 Updates May2023