Mahindra & Mahindra Financial Services Ltd

(M&MFIN)

Mahindra Finance Reports Cash Flow Challenges in Q2 - 04 Nov, 2024

Mahindra & Mahindra Financial Services reported a 40% rise in gross stage 3 assets attributed to disruptions in cash flows, particularly in agrarian states. The CEO noted elevated pain in both the agriculture and light commercial vehicle segments, impacting collection efficiency.

M&M Finance Faces Rising Asset Quality Concerns - 03 Nov, 2024

Mahindra & Mahindra Financial Services reported a rise in gross stage 3 assets to 3.83% in Q2FY25, up from 3.6% in Q1FY25, with significant increases attributed to the tractor segment, particularly in agrarian states.

Mahindra Finance Launches Co-Branded Credit Cards - 29 Oct, 2024

Mahindra Finance has received RBI approval to launch co-branded credit cards with RBL Bank, aimed at meeting the diverse needs of its customer base across India.

Mahindra Finance Launches Co-Branded Credit Card - 28 Oct, 2024

Mahindra Finance has received RBI approval to launch its first co-branded credit card with RBL Bank, aimed at fulfilling customer aspirations across India. This initiative highlights the company's strategic focus on enhancing customer offerings.

M&M Finance Faces Stock Decline Despite Profit Growth - 23 Oct, 2024

Mahindra & Mahindra Financial Services reported a 36% YoY net profit increase to Rs 390 crore for Q2, but faced stock declines due to higher provisioning and asset quality concerns. Analysts downgraded targets, citing moderated loan growth and rural stress impacting performance.

Mahindra Finance Reports Strong Q2 Growth Despite Missed Estimates - 22 Oct, 2024

Mahindra & Mahindra Financial Services reported a 36% increase in consolidated net profit to ₹390 crore and a 57% rise in standalone profit to ₹369 crore for Q2 FY25. However, profits fell short of analysts' expectations, indicating mixed performance amid a slowdown in vehicle finance.

Emkay Upgrades Mahindra Finance to BUY Rating - 18 Oct, 2024

Emkay Global Financial has upgraded Mahindra & Mahindra Financial Services Ltd to a BUY rating with a target price of Rs 360, highlighting improvements in growth and asset quality despite recent setbacks. The firm believes the stock's current valuation presents a strong buying opportunity.

Mahindra Financial Services Receives Strong Credit Ratings - 17 Oct, 2024

Mahindra & Mahindra Financial Services has received multiple credit ratings from India Ratings & Research, all rated IND AAA with a stable outlook, indicating strong creditworthiness.

Mahindra Finance Partners with Salesforce for MSME Lending - 16 Oct, 2024

Mahindra Finance has partnered with Salesforce to develop new loan origination software aimed at enhancing lending capabilities for Micro, Small, and Medium-sized Enterprises (MSMEs). This initiative is expected to significantly improve the digital footprint and operational efficiency of the non-bank lender.

Mahindra Financial Services Receives Credit Rating Affirmation - 10 Oct, 2024

Mahindra & Mahindra Financial Services has received reaffirmation of credit ratings for various non-convertible debentures, all rated CARE AAA with a Stable outlook.

Mahindra Financial Services Allots NCDs Worth Rs 750 Cr - 08 Oct, 2024

Mahindra & Mahindra Financial Services has allotted 75,000 unsecured, subordinated, rated, listed, redeemable non-convertible debentures aggregating Rs 750.30 crore at a fixed coupon of 8.24% p.a., intended for listing on BSE's Wholesale Debt Market Segment.