Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

Mahindra & Mahindra Financial Services Ltd announces Q4, FY19 results

Posted On: 2019-04-25 09:34:02

The Board of Directors of Mahindra & Mahindra Financial Services Limited (Mahindra Finance), a leading provider of financial services in the rural and semi-urban markets announced today the audited financial results for the fourth quarter and year ended March 31, 2019.

In line with direction from Ministry of Corporate Affairs, the Company has adopted Indian Accounting Standards (Ind AS) with effect from April 1, 2018. Results for the fourth quarter and year ended March 31, 2019, are prepared and reported in compliance with Ind AS requirements. The comparative figures for the same period previous year has also been restated as per Ind AS.

F-2019 YTD Standalone Results

The Total Income increased by 32% at Rs.8,810 Crores during the year ended March 31, 2019, as against Rs.6685 Crores in the corresponding period last year. The Profit After Tax (PAT) stood at Rs.1,557 Crores during the year ended March 31, 2019, as against Rs.1,076 Crores during the corresponding period last year, registered a growth of 45% over the same period previous year. The PAT for the year ended March 31, 2018 included an exceptional item on account of profit on sale of shares in the subsidiary company, Mahindra Insurance Brokers Ltd. of Rs.50 Crores (Post Tax). The PAT without considering the exceptional item registered a growth of 52% over the same period previous year.

F-2019 Q4 Standalone Results

The Total Income increased by 37% at Rs.2,480 Crores during the quarter ended March 31, 2019, as against Rs.1,808 Crores in the corresponding period last year. The Profit After Tax (PAT) stood at Rs.588 Crores during the quarter ended March 31, 2019, as against Rs.314 Crores during the corresponding period last year, registered a growth of 87% over the same period previous year.

F-2019 YTD Consolidated Results

The Total Income increased by 32% at Rs.10,431 Crores during the year ended March 31, 2019, as against Rs.7,912 Crores in the corresponding period last year. The Profit After Tax (PAT) stood at Rs.1,867 Crores during the year ended March 31, 2019, as against Rs.1,216 Crores during the corresponding period last year, registered a growth of 54% over the same period previous year.

Shares of MAHINDRA & MAHINDRA FINANCIAL SERVICES LTD. was last trading in BSE at Rs.433.2 as compared to the previous close of Rs. 423.95. The total number of shares traded during the day was 202055 in over 4193 trades.

The stock hit an intraday high of Rs. 436.6 and intraday low of 425. The net turnover during the day was Rs. 86982039.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Suyog Telematics Ltd board approves fund raising proposal

CRISIL reaffirms ratings of Menon Bearings Limited

Eldeco Housing & Industries Ltd to enter into MoU with Eldeco Infrastructure and Properties Ltd

India Finsec Limited to provide additional corporate guarantee to IFL Housing Finance Ltd

IndiGo awarded Best Domestic Airline by FICCI

PG Industry Ltd board approves stock split

Ipca Laboratories Ltd gets 3 observerations from USFDA for Piparia unit

Nath Pulp & Paper Mills Ltd gets NCLT nod for merger

Vadilal Industries Ltd Board recommends Dividend of Rs. 1.25 for FY2019

Vadilal Enterprises Ltd Board recommends Dividend of Rs. 0.80 for FY2019

Jonjua Overseas Ltd updates on order

Vadilal Industries Ltd reports consolidated Q1 FY20 PAT of Rs. 37.67 crores

Vadilal Enterprises Ltd posts PAT of Rs. 11.17 crores in Q1 FY20

CNG supply, CNG-run vehicles and D-PNG supply launched in Ranchi

Insilco Ltd announces shut down of plant on high inventory

Ind-Ra revises rating outlook of Dynamatic Technologies Ltd

US FDA Inspection at Alkem's two manufacturing facilities

Cupid Ltd receives order of Rs. 4.95 crores

Trident Limited won 'Madhya Pradesh State Level 8th Kaizen Competition' Award

Supershakti Metaliks Ltd Board approves 1:1 Bonus Issue

Advik Laboratories Ltd to sell plant to pay for OTS with Indian Overseas Bank

Galaxy Surfactants' 'Aapda Rahat' CSR project extend flood relief aid to 1,000 families in Sangli

NHPC signs agreement with Assam Government for 2000 MW Hydro Power Project

NCL Industries Ltd to form JV in China

ICRA reaffirms ratings of Endurance Technologies Ltd

Bandhan Bank launches credit cards, in partnership with Standard Chartered Bank

IFFCO to invest Rs. 262.15 crore in Triumph Offshore Pvt. Ltd.

Wockhardt Ltd receives GMP compliance certificate for Ankleshwar unit

Thomas Cook India brings Domestic Tourism to the forefront

Hindustan Oil Exploration Company Ltd clarifies on stake sale by KMPs

Maruti Suzuki to proactively recall 40,618 WagonR (1 litre) vehicles

Sundaram-Clayton Ltd's plants to work only for 5 days in a week

Nilkamal Bito Storage Systems Pvt Ltd is now wholly owned subsidiary of Nilkamal Ltd

TVS Motor Company supports flood-affected states across India

Ishan Dyes & Chemicals Ltd allots 47,03,447 shares on rights basis

63 moons wins MPID case in Bombay HC, Court rules NSEL is not financial establishment

Brickwork Ratings revises ratings of Sical Logistics Ltd

TCS iON IntelliGem to Help School Students Build 21st Century Skills

Glenmark Pharmaceuticals receives ANDA approval for Fulvestrant Injection, 250 mg/5 mL (50 mg/mL)

Ethos Ltd opens new store at Phoenix Maret City, Velachery, Chennai

MEP Infrastructure Developers receives LOA for BOT project

India Ratings Places Shree Renuka Sugars on RWN

Infosys and University of Illinois Urbana-Champaign Enter a Strategic Partnership for Precision Medicine

Dabur India Ltd updates on new step down Subsidiary Company

Bimetal Bearings Ltd announces re-alignment of production

Amazon to acquire 49% in Future Coupons Ltd

Pidilite unveils state-of-the-art adhesive manufacturing plant in Bangladesh

HDFC Bank Ltd appoints Mr. Srinivasan Vaidyanathan as CFO

New Version of TCS iCMC™ Solution to Help Enterprises Accelerate their Cloud Journey

Kamdhenu Ltd starts partial manufacturing operations at paints factory, Alwar







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019