M&M Financial Services Q1 results: Reports PAT of ₹223 cr, disbursements rise 145%
Premium- Net interest income (NII) was at ₹1,567 crore increased by 34% yoy. on the back of low-cost borrowings during the trailing 12-month period.
Mahindra & Mahindra Financial Services registered a standalone net profit of ₹223 crore for the quarter ending June 30, 2022 (Q1FY23) compared a loss of ₹1,529 crore in the same period last year. Q1 PAT, however, declined from a net profit of ₹600.80 crore in the preceding quarter. Net interest income (NII) was at ₹1,567 crore increased by 34% yoy. on the back of low-cost borrowings during the trailing 12-month period.
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