Mahindra & Mahindra Financial Services Ltd - Updates for the month of February 2024

In February 2024, we estimate the overall disbursement at approximately Rs. 4,730 crores, delivering a 13% growth over previous year. The YTD February 2024 disbursement is estimated at approximately Rs. 50,090 crores registering a growth of 14% Y-o-Y.

Healthy disbursement trends during the year till date have led to Business Assets crossing the milestone of Rs. 1 Lac crores, a growth of about 21% over March 2023 and approximately 24% over February 2023.

The Collection Efficiency ("CE") was at 97% for February 2024 (In February 2023, CE was 97%).

Stage-3 and Stage-2 assets continued to remain rangebound compared to December 2023.

The Company continued to enjoy a comfortable liquidity position on its Balance Sheet, with a liquidity chest of over Rs. 7,600 crores.

Shares of Mahindra & Mahindra Financial Services Limited was last trading in BSE at Rs. 287.30 as compared to the previous close of Rs. 287.80. The total number of shares traded during the day was 74287 in over 1478 trades.

The stock hit an intraday high of Rs. 289.95 and intraday low of 284.45. The net turnover during the day was Rs. 21399536.00.

Source : Equity Bulls

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MahindraandMahindraFinancialServices INE774D01024 Updates February2024