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      M&M Financial drops on weak Q4 results

      MoM Team / Mumbai, Apr 26, 2017 10:13 AM IST

        M&M Financial drops on weak Q4 results

        Mahindra & Mahindra Financial Services shed almost a percent to Rs 337 on BSE after consolidated net profit fell 32 percent to Rs 278 crore on 12 percent rise in total income to Rs 2133 crore in Q4 March 2017 over Q4 March 2016.

        The result was announced after market hours yesterday, 25 April 2017.

        Meanwhile, the S&P BSE Sensex was up 135.24 points or 0.45 percent at 30,078.48.

        On the BSE, 98,054 shares were traded in the counter so far as against average daily volume of 1.95 lakh shares in the past one quarter. The stock had hit a high of Rs 347.75 and a low of Rs 336.10 so far during the day.

        The stock had hit a record high of Rs 405 on 4 October 2016. The stock had hit a 52-week low of Rs 244.35 on 27 December 2016.

        The stock had outperformed the market over the past one month till 12 July 2016, gaining 6.24 percent compared with the Sensex's 1.77 percent rise. The scrip had also outperformed the market in past one quarter, surging 19.16 percent as against Sensex's 8.07 percent rise.

        The large-cap company has equity capital of Rs 113.75 crore. Face value per share is Rs 2.

        During the quarter ended 31 March 2017, the total value of asset financed was Rs 8376 crore as against Rs 6811 crore during the quarter ended 31 March 2016, a value growth of 23 percent.

        Mahindra & Mahindra Financial Services, part of the Mahindra Group, is one of India's leading non-banking finance companies.

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