M&M Fin net up 47% to Rs 333.80 cr

M&M Fin net up 47% to Rs 333.80 cr

 Mahindra & Mahindra Financial Services on Tuesday reported a net profit of Rs 333.80 crore for the quarter ended March 31, 2013 as compared to Rs 227.69 crore for the comparable quarter of previous fiscal, an increase of 46.6 per cent.

During the quarter under review, the company’s total income rose to Rs 1125.57 crore versus Rs 846.98 crore in Q4FY12. It has posted a net profit of Rs 882.69 crore for the year ended March 31, 2013 as compared to Rs 620.11 crore for the year ended March 31, 2012. Total income grew to Rs 3,894.69 crore for the year ended March 31, 2013 from Rs 2,794.59 crore for the year ended March 31, 2012.

As per the audited consolidated results, the group has posted a net profit of Rs 346.36 crore for the quarter ended March 31, 2013 as compared with Rs 242.38 crore for the quarter ended March 31, 2012, an increase of 42.89 per cent, while during this period its total income grew from Rs 891.86 crore to Rs 1,189.32 crore for the quarter ended March 31, 2013. 

For the year ended March 31, 2013, it has posted a 44.06 per cent growth in the consolidated net profit to Rs 927.03 crore from Rs 643.49 crore during the year ended March 31, 2012.

During the year under review, the company’s total income grew from Rs 2,910.32 crore to Rs 4,112.96 crore.

Meanwhile, Mahindra & Mahindra Financial Services informed BSE that the company’s board at its meeting held this day recommended a Dividend of Rs 3.6 per equity share of the face value of Rs 2 each.

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