Mahindra & Mahindra Financial Services has approved the allotment of 2,27,500 Secured, Redeemable, Non-convertible Debentures (NCDs) of the face value of Rs. 1,00,000 per debenture issued at a par, aggregating to subscription amount of Rs. 2,275 crore on private placement basis. Powered by Capital Market - Live News

Mahindra & Mahindra Financial Services announced Mahesh Rajaraman will be joining as the Chief Risk Officer (CRO) of the Company effective the revised date of joining of 12 June 2024.Powered by Capital Market - Live News

Mahindra & Mahindra Financial Services announced that Insurance Regulatory and Development Authority of India (IRDAI) has on 21 May 2024 issued a Certificate of Registration to the Company to act as a `Corporate Agent (Composite)` under the Insurance Act, 1938.Powered by Capital Market - Live News

Mahindra & Mahindra Financial Serv. announced that the 34th Annual General Meeting(AGM) of the company will be held on 23 July 2024.Powered by Capital Market - Live News

Net profit of Mahindra & Mahindra Financial Services declined 1.61% to Rs 670.35 crore in the quarter ended March 2024 as against Rs 681.33 crore during the previous quarter ended March 2023. Sales rose 23.61% to Rs 4280.32 crore in the quarter ended March 2024 as against Rs 3462.69 crore during the previous quarter ended March 2023.For the full year,net profit declined 6.74% to Rs 1932.69 crore in the year ended March 2024 as against Rs 2072.40 crore during the previous year ended March 2023. Sales rose 24.39% to Rs 15796.85 crore in the year ended March 2024 as against Rs 12699.53 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales4280.323462.69 24 15796.8512699.53 24 OPM %64.5069.03 -60.7363.03 - PBDT967.91998.87 -3 2863.033085.78 -7 PBT895.73933.89 -4 2588.182859.82 -9 NP670.35681.33 -2 1932.692072.40 -7 Powered by Capital Market - Live News