M&M Financial surges on reporting 12% rise in Q4 consolidated net profit

Mahindra & Mahindra Financial Services (M&M Financial) is currently trading at Rs. 285.80, up by 10.25 points or 3.72% from its previous closing of Rs. 275.55 on the BSE.

The scrip opened at Rs. 289.50 and has touched a high and low of Rs. 293.65 and Rs. 282.25 respectively. So far 374603 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 294.00 on 07-Jul-2015 and a 52 week low of Rs. 173.40 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 293.65 and Rs. 261.65 respectively. The current market cap of the company is Rs. 16192.74 crore.

The promoters holding in the company stood at 51.93% while Institutions and Non-Institutions held 43.22% and 4.85% respectively.

M&M Financial has reported a rise of 11.06% in its net profit at Rs 370.27 crore for the quarter ended March 31, 2016 as compared to Rs 333.39 crore for the same quarter in the previous year. Total income of the company has increased by 9.91% at Rs 1689.69 crore for quarter under review as compared to Rs 1537.32 crore for the quarter ended March 31, 2015.

On consolidated basis, the company has posted a rise of 12% in its net profit after taxes, minority interest and share of profit of associates at Rs 411.32 crore for the quarter ended March 31, 2016 as compared to Rs 367.25 crore for the corresponding quarter in the FY15. Total income of the company increased by 13.38% at Rs 1904.87 crore for quarter under review as compared to Rs 1680.10 crore for the same quarter ended previous year.

For the year ended March 31, 2016, the company has posted a fall of 19.14% in its net profit at Rs 672.59 crore as compared to Rs 831.77 crore for the same period in the previous year. However, total income of company increased 5.74% at Rs 5905.10 crore for year under review as compared to Rs 5584.70 crore for the period ended March 31, 2015.

For the year ended March 31, 2016, on the consolidated basis, the company has posted fall of 15.40% in its net profit after taxes, minority interest and share of profit of associates at Rs 772.29 crore as compared to Rs 912.90 crore for the same period in the previous year. However, total income of company has increased by 8.85% at Rs 6597.51 crore for year under review as compared to Rs 6060.90 crore for the period ended March 31, 2015.