Mahindra Finance Q1FY24 Results: Consolidated PAT Rises of Rs. 358.69 Cr

Mahindra Finance Invests in 20% Stake of Mahindra Insurance Brokers

Mahindra Finance Q1 results show revenue up from 3536.35 crores to 3636.91 crores, a 2.84% increase in growth. EPS down from ₹5.51 to ₹2.90, down by -47.37%.

First, Let’s Begin with Quarter-on-Quarter Basis:

Mahindra Finance shared its Q1 results on Friday. They earned 3636.91 crores in revenue this quarter, but that’s more than the 3536.35 crores they made last quarter. The company’s growth increased by 2.84 percent when comparing the two quarters.

In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 358.69 crores, down from 681.33 crores in the previous quarter. Their quarter-to-quarter growth decreased by -47.35 percent.

The company’s EPS (Earnings Per Share) this quarter is ₹2.90, which is a decrease of -47.37% from the ₹5.51 EPS in the previous quarter.

Now, Let’s Analyze the Results on a Year-over-Year Basis:

The company made a total revenue of 3636.91 crores this year (2023), which is 24.81 percent higher than last year’s total revenue of 2913.95 crores.

This year’s PAT (Profit After Tax) is 358.69 crores, which is also 49.92% higher than last year’s PAT of 239.26 crores.

The EPS (Earnings Per Share) for this year is ₹2.90, which is 49.48% more than the EPS of ₹1.94 earned last year.

Also Read: 3i Infotech Q1FY24 Results: Consolidated Loss of Rs. 15.59 Cr

Mahindra Finance Share Dividend Announcement / Record Date:

The record date for the dividend has not arrived yet.

About Mahindra Finance:

Mahindra & Mahindra Financial Services Limited, a Mumbai-based Indian rural non-banking financial company, stands as one of the leading tractor financers in India. With over 1000 offices spread across the country, Mahindra Finance was established on 1st January 1991, originally known as Maxi Motors Financial Services Limited.

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