Q1 Results: Mahindra Finance’s Profit Falls Amid Spike In Bad Loans\, Provisions

A technician performs final tests on a Mahindra 6500 4WD tractor at Mahindra & Mahindra Ltd.’s farm equipment facility (Photographer: Santosh Verma/Bloomberg News)

Q1 Results: Mahindra Finance’s Profit Falls Amid Spike In Bad Loans, Provisions

Mahindra & Mahindra Financial Services Ltd.’s profit for the quarter ended June fell amid a spike in bad loans.Net profit of Mahindra Finance fell 75 percent year-on-year to Rs 68.4 crore in the Ju...