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Mahindra & Mahindra Financial Services reports 87% rise in Q4 net profit

Mahindra & Mahindra Financial Services reports 87% rise in Q4 net profit

Mumbai : Mahindra & Mahindra Financial Services has reported results for fourth quarter and year ended March 31, 2019. The company has reported a rise of 87.02% in its net profit at Rs 587.97 crore for the quarter under review as compared to Rs 314.39 crore for the same quarter in the previous year. Total income of the company increased by 37.17% at Rs 2,479.54 crore for Q4FY19 as compared Rs 1,807.68 crore for the corresponding quarter previous year.

For the year ended March 31, 2019, the company has reported a rise of 44.70% in its net profit at Rs 1,557.06 crore as compared to Rs 1,076.09 crore for the previous year. Total income of the company increased by 31.78% at Rs 8,809.81 crore for year under review as compared to Rs 6,685.20 crore for year ended March 31, 2018.



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