Mahindra & Mahindra Financial Services Limited - Updates for Q2 FY2025

Mahindra & Mahindra Financial Services Limited has announced the following updates for the Q2 FY25:

In Q2 FY25, we estimate the overall disbursement at approximately Rs. 13,160 crore, YoY decline of 1% over previous year and for H1 FY25 disbursement at approximately Rs. 25,900 crore, a growth of 2% YoY.

Business Assets at approximately Rs. 1,12,600 crore grew by ~20% over September 2023.

The Collection Efficiency ("CE") was at 96% for Q2 FY25 (In Q2 FY24, CE was 96%).

As at September 30, 2024, Stage-3 is estimated at about 3.8% (vs. 4.3% as at September 30, 2023) and Stage-2 is estimated at around 6.4% (vs. 5.7% as at September 30, 2023).

The Company continued to enjoy a comfortable liquidity position on its Balance Sheet, with a liquidity chest of over Rs. 8,500 crore.

Shares of Mahindra & Mahindra Financial Services Limited was last trading in BSE at Rs. 322.15 as compared to the previous close of Rs. 330.70. The total number of shares traded during the day was 132698 in over 2514 trades.

The stock hit an intraday high of Rs. 329.00 and intraday low of 320.75. The net turnover during the day was Rs. 43030155.00.

Source : Equity Bulls

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MahindraandMahindraFinancialServices INE774D01024 Q2FY25 BusinessUpdates