Mahindra & Mahindra Financial Services Limited - Updates for the month of May 2024

Mahindra & Mahindra Financial Services Limited has announced the following updates for the month of May 2024:

In May 2024, we estimate the overall disbursement at approximately Rs. 4,430 crores delivering a 7% growth over previous year. The YTD May 2024 disbursement at about Rs. 8,360 crores registered a growth of 6% Y-o-Y.

Business Assets at approximately Rs. 1,05,250 crores, grew by ~ 3.0% over March 2024 and ~23% over May 2023.

The Collection Efficiency (CE) was at 96% for May 2024 (against 96% for May 2023).

Stage-3 and Stage-2 assets have remained below 10% put together.

The Company continued to enjoy a comfortable liquidity position on its Balance Sheet, with a liquidity chest of over Rs. 7,510 crores.

Shares of Mahindra & Mahindra Financial Services Limited was last trading in BSE at Rs. 267.50 as compared to the previous close of Rs. 263.50. The total number of shares traded during the day was 101449 in over 3106 trades.

The stock hit an intraday high of Rs. 270.00 and intraday low of 261.65. The net turnover during the day was Rs. 26924749.00.

Source : Equity Bulls

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MahindraandMahindraFinancialServices INE774D01024 MahindraFinance BusinessUpdates May2024