'Mahindra & Mahindra Financial Services conducted a conference call on 28 January 2025 to discuss its financial results for the quarter ended December 2024. Raul Rebello, MD&CEO of the company addressed the call:
Highlights:
The disbursements of the
company have increased 7% yoy and 25% qoq to Rs 16467 crore in Q3FY2025. AUM
has jumped 19% to Rs 115126 crore end December 2024.
The growth has been led by
rural business with 24% growth in the tractors business. The passenger vehicle
segment grew 8% over a year ago.
The NIM was stable at 6.6%
showing a sequential improvement of 10 bps, while declining 20 bps over a year
ago.
The net profit of the
company has jumped sharply by 63% yoy to Rs 899 crore in Q3FY2025.
The adjusted credit cost was
0% in Q3FY2025 as against 1.3% for Q3FY2024, driven by release of provisions
related to LGD assumptions. There was provision reduction of Rs 430 crore in
Q3FY2025...
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