In March 2022, the business continued its momentum with a disbursement of approximately Rs. 3,832 Crore delivering a 66% Y-o-Y growth. The disbursement for FY 2022 at approximately Rs. 27,466 Crore, registered a Y-o-Y growth of 45%. This has led to marginal growth in Business Assets over previous year.
The collection efficiency (CE) was in line with expectations at 109% for March 2022, similar as March 2021. The buoyancy in collections has led to significant sequential improvement in asset quality resulting in Stage 3 assets as of March 2022 being lower than as of March 2021. Similarly, Stage 2 assets have also seen meaningful improvement over 31st December 2021 level.
The Company will bring the Net Stage 3 below 4% as on 31st March 2022 as committed.
The Company continued to enjoy a comfortable liquidity position on its Balance Sheet, with a liquidity chest of over 3 months.
Shares of Mahindra & Mahindra Financial Services Limited was last trading in BSE at Rs. 165.30 as compared to the previous close of Rs. 159.15. The total number of shares traded during the day was 892269 in over 10781 trades.
The stock hit an intraday high of Rs. 166.65 and intraday low of 158.25. The net turnover during the day was Rs. 146647886.00.