MM Financial Q2 PAT seen up 19% at Rs 223.5cr: P Lilladher

Oct 19, 2013, 04.39 PM IST

According to Prabhudas Lilladher, Mahindra & Mahindra Financial Services to report a 16.9 percent growth quarter-on-quarter (growth of 19.1 percent year-on-year) in net profit at Rs 223.5 crore.

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M&M Financial Q2 PAT seen up 19% at Rs 223.5cr: P Lilladher

According to Prabhudas Lilladher, Mahindra & Mahindra Financial Services to report a 16.9 percent growth quarter-on-quarter (growth of 19.1 percent year-on-year) in net profit at Rs 223.5 crore.

Like this story, share it with millions of investors on M3

M&M Financial Q2 PAT seen up 19% at Rs 223.5cr: P Lilladher

According to Prabhudas Lilladher, Mahindra & Mahindra Financial Services to report a 16.9 percent growth quarter-on-quarter (growth of 19.1 percent year-on-year) in net profit at Rs 223.5 crore.

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Prabhudas Lilladher has come out with its second quarter (July-September) earnings estimates for the NBFC sector. The brokerage house expects Mahindra & Mahindra Financial Services to report a 16.9 percent growth quarter-on-quarter (growth of 19.1 percent year-on-year) in net profit at Rs 223.5 crore.

Net-interest income of Mahindra & Mahindra Financial Services is expected to increase by 7.9 percent Q-o-Q (up 26.5 percent Y-o-Y) to Rs 665.2 crore, according to Prabhudas Lilladher.

Prabhudas Lilladher's Report on Mahindra & Mahindra Financial Services:

Management had passed on around 50-75bps rate hike earliest for new customers but given 10 percent CP dependence, there is likely to be some front-ended margin impact.

Growth continues to remain strong in tractors/used vehicles and that will drive 25 percent Y-o-Y growth atleast on AUMs though disbursement growth is slowing down.

Slippages were higher than trend levels in Q1FY14 which is stable now and management expects improved recoveries in H2FY14.

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