Mahindra Finance Q4 profit falls 9% to Rs 563 crore as credit costs surge
Mahindra Finance reported a 9% decline in standalone profit, reaching Rs 563 crore in the March quarter, impacted by increased provisions. While net interest income rose by 9% to Rs 2,156 crore, driven by loan book growth, a narrower interest margin and higher credit costs affected the bottom line. The lender maintains a comfortable capital adequacy ratio and liquidity buffer.
Mahindra Finance reported a 9% decline in standalone profit, reaching Rs 563 crore in the March quarter, impacted by increased provisions. While net interest income rose by 9% to Rs 2,156 crore, driven by loan book growth, a narrower interest margin and higher credit costs affected the bottom line. The lender maintains a comfortable capital adequacy ratio and liquidity buffer.
