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

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

In July 2023, we estimate the overall disbursement at ~ Rs. 4,400 crores delivering a 12% Y-o-Y growth. The YTD July 2023 disbursements at ~ Rs. 16,550 crores registered a growth of 23% Y-o-Y.

Healthy disbursement trends in the current period have led to Business Assets at ~ Rs. 88,100 crores, growth of ~ 6.4% over March 2023 and ~ 28% over July 2022.

The Collection Efficiency (CE) was at 96% for July 2023 (In July 2022, CE was 95%).

Stage-3 and Stage-2 assets continued to remain rangebound compared to June 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. 293.25 as compared to the previous close of Rs. 295.70. The total number of shares traded during the day was 146307 in over 2144 trades.

The stock hit an intraday high of Rs. 298.15 and intraday low of 291.40. The net turnover during the day was Rs. 43066500.00.

Source : Equity Bulls

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MahindraandMahindraFinancialServices INE774D01024 Updates July2023