Mahindra Finance Q4 Report: Robust Profit Growth and ₹6.50 Dividend Suggested

Mahindra and Mahindra Financial Services Ltd has reported sound financials in the March quarter, showing consistency in growth of key parameters and a shareholder value-friendly dividend proposal. The organization has suggested giving a dividend of ₹6.50 per share of equity stock, indicating the company's optimism about its persistent profitability and strength in cash flow.

 

Key Points:

 

Interest Income: Mahindra Finance registered interest income of ₹40.17 billion for the March quarter, registering a robust performance through expansion in loan assets and better lending operations.

 

Profitability: The firm recorded a net profit of ₹5.63 billion for the quarter, registering resilience during a competitive financial services environment and reflecting excellence in operational efficiency.

 

Dividend Declaration: A dividend of ₹6.50 per equity share has been proposed, extending the company's history of rewarding shareholders with stable returns.

 

Business Growth: Disbursements and book growth of assets continue to be healthy, underpinned by a 60% year-on-year growth in disbursements over the last nine months, led by the SME and vehicle finance segments.

 

Market Reach: With a presence in more than 480,000 villages and 8,000 towns, Mahindra Finance continues to increase its rural and semi-urban reach, serving over 10 million customers.

 

Outlook: The company continues to remain committed to building its portfolio, particularly in electric vehicle financing, and strengthening digital capabilities to power future growth.

 

Mahindra Finance's Q4 numbers and dividend proposal still reflect its robust fundamentals and focus on value creation for shareholders as well as nourishment for India's rural and semi-urban economy.

 

Sources: Mahindra Finance official release, Moneycontrol, Business Standard