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M&M Finance results were resilient, but covid surge complicates outlook

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₹149.97 crore for the March quarter, compared with the ₹274.14 crore net loss reported in the previous quarter.As such, the net profit was lower than the consensus estimate of analysts surveyed by Bloomberg.

Behind the net profit disappointment is not just a fall in revenues but also the lender’s need to make provisions.Mahindra Finance jacked up its provisioning against delinquencies and other stressed loans by 31% from the year-ago period.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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