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

In December 2023, we estimate the overall disbursement at approximately Rs. 4,900 crores, delivering a 5% growth over previous year. The Q3 FY2024 disbursements at about Rs. 15,500 crores registered a growth of 7% Y-o-Y and the YTD December disbursement estimated at approximately Rs. 40,950 crores registered a growth of 15% Y-o-Y.

Healthy disbursement trends during Q3 FY2024 have led to Business Assets at around Rs. 96,850 crores, growth of about 17% over March 2023 and approximately 25% over December 2022.

The collection efficiency ("CE") was at 98% for December 2023, improvement over 94% achieved in November 2023. December 2022 recorded a CE of 98%.

Stage-3 is estimated at about 4.0% (vs. 4.3% as at September 2023 and 5.9% as at December 2022) and Stage-2 is estimated at around 5.8% (vs. 5.7% as at September 2023 and 8.4% as at December 2022).

The Company continued to enjoy a comfortable liquidity position on its Balance Sheet, with a liquidity chest of over 2.5 months.

Shares of Mahindra & Mahindra Financial Services Limited was last trading in BSE at Rs. 275.15 as compared to the previous close of Rs. 276.65. The total number of shares traded during the day was 93650 in over 1371 trades.

The stock hit an intraday high of Rs. 279.25 and intraday low of 274.20. The net turnover during the day was Rs. 25891244.00.

Source : Equity Bulls

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MahindraandMahindraFinancialServices INE774D01024 BusinessUpdate Q3FY24