M&M Financial Q1 profit rises 70% to ₹899 crore; brokerages raise targets
Mahindra & Mahindra Financial Services reported a 70% year-on-year rise in standalone Q1 PAT to ₹899 crore, aided by lower provisions and record first-quarter disbursements. Business AUM grew 13% to ₹1.37 lakh crore, while the stock rose 10%.
Mahindra & Mahindra Financial Services reported a 70% rise in Q1 standalone profit to ₹899 crore, supported by lower provisions and record first-quarter disbursements. AUM rose 13%, prompting target-price upgrades from several brokerages.
Why this matters
The result extends recent signals on M&M Financial's Q1 profit jump, lower credit costs prompting brokerage target upgrades, and its responsible-growth strategy after governance and technology changes.
Retail-company signals are accelerating, up 991600% quarter on quarter.