Mahindra & Mahindra Financial Services Limited - Updates for April 2024

Mahindra & Mahindra Financial Services Limited has announced the business updates for the month of April 2024:

- In April 2024, we estimate the overall disbursement at approximately Rs. 3,930 crores delivering a 4% growth over previous year.

- Business Assets at approximately Rs. 1,04,000 crores grew by ~ 1.4% over March 2024.

- The Collection Efficiency (CE) was at 89% for April 2024 (against 92% for April 2023).

- Stage-3 and Stage-2 assets have remained rangebound compared to March 2024.

The Company continued to enjoy a comfortable liquidity position on its Balance Sheet, with a liquidity chest of over Rs. 7,330 crores.

Shares of Mahindra & Mahindra Financial Services Limited was last trading in BSE at Rs. 259.85 as compared to the previous close of Rs. 266.95. The total number of shares traded during the day was 375067 in over 4095 trades.

The stock hit an intraday high of Rs. 273.50 and intraday low of 257.10. The net turnover during the day was Rs. 99717147.00.

Source : Equity Bulls

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MahindraandMahindraFinancialServices INE774D01024 BusinessUpdates FY2024