Mahindra & Mahindra Financial Services Stock: Buy Mahindra & Mahindra Financial Services, target price Rs 224: HDFC Securities | Tech US News


Securities has bought a call on Mahindra & Mahindra Financial Services with a target price of Rs 224. Current market price of Mahindra & 215.9 is Rs.

Mahindra & Mahindra Financial Services Limited, incorporated in the year 1991, is a large company (having a market cap of Rs. 26922.20 crore) operating in the NBFC sector.

Major Products/Revenue Segments of Mahindra & Mahindra Financial Services Limited include Interest, Fee and Commission Income, Income from Sale of Shares and Securities, Rental Income for the year ended 31-March-2022.


For the quarter ended 30-09-2022, the company reported a total revenue of Rs 3029.28 crore, which is 3.96% higher than the total revenue of Rs 2913.95 crore in the previous quarter and the total of the corresponding quarter last year. Revenue is up 2.67% from Rs.2950 crore. The company reported a profit after tax of Rs 480.19 crore in the latest quarter.

Investment rationale
MMFS’s adjusted earnings were ~11% ahead of estimates due to an impressive turnaround in asset quality. The stressed pool (GS-II + GS-III) declined further to 16.4% (Q1FY22 peak: 34.8%), led by relentless collection and recovery efforts and improved economic activity. happened

Promoter/FII Holdings
Promoters held 52.16 per cent stake in the company as on 30-Sep-2022, while FIIs held 18.7 per cent, DIIs 15.81 per cent.

(Disclaimer: The recommendations given in this section or any reports linked thereto have been authored by an external party. The views expressed are those of the respective authors/institutions. They do not represent the views of the Economic Times (ET). are). ET does not guarantee, does not guarantee. for, endorse any of its content and hereby disclaim all warranties, express or implied, relating thereto. Please consult your financial advisor and get independent advice.


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