Mahindra Finance Q2 Results: Net profit soars 36% to Rs 390 crore, NII rises 19%

October 22, 2024

Mahindra Finance reported a 36% rise in consolidated net profit for the September quarter, achieving Rs 390 crore. Standalone net profit grew by 57%, totaling Rs 369 crore. Although vehicle finance slowed, the gross loan book grew by 20%. Stage-3 assets improved to 3.8% from 4.3% year-on-year.

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