Mahindra & Mahindra Financial Services Ltd - Business Updates for December 2021

Mahindra & Mahindra Financial Services Limited has announced the business updates for the month of December, 2021.

In December 2021, the business continued its momentum with a disbursement of approximately Rs.2,750 Crore delivering a 42% Y-o-Y growth. For the Quarter-3 (October-December 2021), the total disbursement stood at approximately Rs. 7,980 Crore, registering a Y-o-Y growth of 27%.

In December 2021, the collection efficiency (CE) improved further to 100%, up both year-on-year (December 2020 - CE was 96%) and sequentially (November 2021 - CE was 94%). For Q3, the collection efficiency works out to 95% (Collection Efficiency in Q3 of the last year was 88%).

This improved customer payment behaviour has reflected in a month-on-month reduction in Stage 2 and in Stage 3, compared to November 2021. The Company expects this positive trend to continue in Q4. This will aid in further reduction in Stage 2 and Stage 3 contracts by March 2022 end. The Company stands committed to bring the Net Stage 3 below 4% by year end.

The Company continued to enjoy a comfortable liquidity position on its Balance Sheet as at 31st December, 2021, with a liquidity chest of well over 3.5 months.

Shares of Mahindra & Mahindra Financial Services Limited was last trading in BSE at Rs. 149.00 as compared to the previous close of Rs. 147.20. The total number of shares traded during the day was 128835 in over 1157 trades.

The stock hit an intraday high of Rs. 149.80 and intraday low of 147.15. The net turnover during the day was Rs. 19190037.00.

Source : Equity Bulls

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MahindraandMahindraFinancialServices INE774D01024 BusinessUpdates Disbursement CollectionEfficiency