Mahindra & Mahindra Financial Services standalone net profit declines 36.78% in the March 2017 quarter

Capital Market April 26, 2017 Last Updated at 16:13 IST

Sales rise 9.17% to Rs 1825.45 crore

Net profit of Mahindra & Mahindra Financial Services declined 36.78% to Rs 234.07 crore in the quarter ended March 2017 as against Rs 370.27 crore during the previous quarter ended March 2016. Sales rose 9.17% to Rs 1825.45 crore in the quarter ended March 2017 as against Rs 1672.10 crore during the previous quarter ended March 2016.

For the full year,net profit declined 40.50% to Rs 400.23 crore in the year ended March 2017 as against Rs 672.60 crore during the previous year ended March 2016. Sales rose 5.48% to Rs 6173.91 crore in the year ended March 2017 as against Rs 5853.16 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales1825.451672.10 9 6173.915853.16 5 OPM %58.8373.84 -56.0462.64 - PBDT377.36581.14 -35 666.081079.08 -38 PBT363.82570.61 -36 620.061038.19 -40 NP234.07370.27 -37 400.23672.60 -40

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