Mahindra Finance’s unified net profit fell eight per cent to Rs 219 crore for the quarter ended March 31.
New Delhi. Non-banking finance company Mahindra & Mahindra Financial Services i.e. Mahindra Finance has released the fourth quarter results on Friday. The company’s consolidated net profit fell eight per cent to Rs 219 crore for the quarter ended March 31.
The net profit for the January-March quarter of the year 2019-20 was Rs 239 crore. Mahindra Finance said in a statement that its integrated net income declined marginally to Rs 3,038 crore for the quarter ended March 31, 2021 from Rs 3,140 crore in the year-ago period.
Decline in net profit of the company in January-March period of 2021
On a stand-alone basis, the company’s net profit for the January-March period of 2021 declined by 32 per cent year-on-year to Rs 150 crore, while income declined 1.4 per cent to Rs 2,638 crore.
Integrated net profit declined 28 percent to Rs 780 crore
For the entire financial year 2021, the company’s consolidated net profit was down 28 per cent to Rs 780 crore and income fell one per cent to Rs 12,171 crore. Mahindra Finance said that its board of directors has recommended a dividend of Rs 0.80 per share.
