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M&M Finance said that the healthy disbursement trends have led to increase in business assets to approximately Rs 83,900 crore, growth of 1.4% over March 2023.
The collection efficiency (CE) was at 92% for April 2023 as against 90% in April 2022.
Stage-3 and Stage-2 assets remained rangebound compared to March 2023. The company said that it continued to maintain comfortable liquidity chest of about 3 months' requirement.
The non-banking financial company's (NBFC) standalone net profit rose 13.9% to Rs 684.12 crore on 24% jump in total income to Rs 3,057 crore in Q4 FY23 over Q4 FY22.
Mahindra & Mahindra Financial Services (Mahindra Finance), part of the Mahindra Group, is one of India's leading non-banking finance companies. Focused on the rural and semi-urban sector, the company has over 8.7 million customers and has an AUM of over USD 11 Billion. The company is a leading vehicle and tractor financier, provides loans to SMEs and also offers fixed deposits.
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