M&M Finance slides to 6-month low
M&M Finance slides to 6-month low, down 11% on disappointing Q2 margins
The company said the margins were impacted by higher borrowing rates coupled with change in portfolio mix in favour of better credit quality customers.
Shares of Mahindra & Mahindra Financial Services (M&M Finance) hit a six-month low of Rs 246.05, as they tanked 11 per cent on the BSE in Monday’s intra-day trade after the company reported 48 per cent decline in profit after tax (PAT) at Rs 235 crore. The Mahindra Group’s non-banking finance company had posted PAT of Rs 448 crore in a year ago quarter.
The company said the margins were impacted by higher borrowing rates coupled with change in portfolio mix in favour of better credit quality customers.
Shares of Mahindra & Mahindra Financial Services (M&M Finance) hit a six-month low of Rs 246.05, as they tanked 11 per cent on the BSE in Monday’s intra-day trade after the company reported 48 per cent decline in profit after tax (PAT) at Rs 235 crore. The Mahindra Group’s non-banking finance company had posted PAT of Rs 448 crore in a year ago quarter.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。