Mahindra & Mahindra Financial Q2 down 9% at Rs36 cr

Mahindra & Mahindra Financial Q2 down 9% at Rs36 cr

PTI

Mumbai: Mahindra & Mahindra Financial Services today said its consolidated net profit for the second quarter declined 8.61% t at Rs35.62 crore, from the corresponding period a year ago.

The firm had a net profit of Rs38.98 crore in the second quarter of FY’08, the company said in a filing to the BSE.

Total income rose to Rs331.05 crore in the quarter under review, from Rs290.07 crore in the same period last fiscal.

On a standalone basis, the firm registered a net profit of Rs35.22 crore, a 9.01% dip over the corresponding year-ago period.

The company’s standalone income rose to Rs327.58 crore in the September quarter, from Rs207.57 crore in the same period last year.

M&M Financia Services closed at Rs190, down 3.06% on the BSE.

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