Mahindra Finance Q4 net plunges 37% at Rs 234 cr

Mahindra Finance Q4 net plunges 37% at Rs 234 cr

26/04/2017 12:28

Mahindra and Mahindra Financial Services (Mahindra Finance) has reported a decline of 37 per cent in standalone net profit at Rs 234 crore for the last quarter ended March.

Its net profit stood at Rs 370 crore in the corresponding quarter a year ago, the company said in a filing to the Bombay Stock Exchange.

Total income, however, increased by 9 per cent to Rs 1,843 crore during the quarter from Rs 1,690 crore a year earlier, Mahindra Finance said.

At the board of directors meeting, the company recommended a dividend of 120 per cent or Rs 2.40 per share.

Meanwhile, shares of the company were trading at Rs 335.50 apiece, down 1.45 per cent from the previous close at 12:34 hours on BSE.

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