InvestorQ : How do you see the stock of Mahindra & Mahindra Financials after the disappointing results in the quarter?
Rutuja Nigam made post

How do you see the stock of Mahindra & Mahindra Financials after the disappointing results in the quarter?

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Arti Chavan answered.
11 months ago
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Mahindra and Mahindra Financial reported 66% fall in net profits at Rs.239 crore for the Mar-20 quarter, largely on the back of higher provisions. In order to cover contingencies that may arise due to Covid-19 pandemic, it M&M Financial made an impairment loss provision of Rs.681 crore. Total revenues were up by 8% at Rs.3140 crore. Full year profits for fiscal 2019-20 fell by 42% to Rs.1086 crore. M&M Financials continues to be a preferred financer for automobiles and tractors. While it had gained market share in many product lines, it got hit by the dwindling sales of cars and tractors.

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