Mahindra & Mahindra Financial Services Ltd's Q3FY25 Quarter Results
- 29 Jan 2025
Result Summary
- Mahindra & Mahindra Financial Services Ltd reported a 7.1% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 16.0%.
- Its expenses for the quarter were up by 7.9% QoQ and 17.1% YoY.
- The net profit increased 135.3% QoQ and increased 47.3% YoY.
- The earnings per share (EPS) of Mahindra & Mahindra Financial Services Ltd stood at 7.4 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 4799.45 | 4479.24 | 4137.00 | 7.1% | 16.0% |
Total Expenses | 3486.42 | 3232.54 | 2976.52 | 7.9% | 17.1% |
Profit Before Tax | 1217.10 | 508.57 | 813.63 | 139.3% | 49.6% |
Tax | 315.37 | 132.93 | 203.43 | 137.2% | 55.0% |
Profit After Tax | 917.64 | 390.03 | 622.95 | 135.3% | 47.3% |
Earnings Per Share | 7.40 | 3.10 | 5.00 | 138.7% | 48.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Mahindra & Mahindra Financial Services Ltd (MMFSL) is a prominent player in the financial services sector in India. It operates as a subsidiary of the Mahindra Group, which is one of the largest business conglomerates in India. MMFSL primarily provides financial services, including loans for the purchase of utility vehicles, tractors, and cars, as well as used vehicle financing. It also offers personal loans, insurance, and mutual fund products. The company serves primarily rural and semi-urban markets, with a significant presence across the country. As of the latest updates available up to 2023, MMFSL continues to expand its product offerings and digital capabilities to enhance customer experience and reach.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), Mahindra & Mahindra Financial Services Ltd reported a total income of ₹4,799.45 crores. This represents a quarter-over-quarter (QoQ) increase of 7.1% from the previous quarter (Q2FY25), where the total income was ₹4,479.24 crores. Year-over-year (YoY), the total income saw a growth of 16.0% from the ₹4,137.00 crores reported in the third quarter of the fiscal year 2024 (Q3FY24). These figures reflect the company's capacity to enhance its revenue generation over both short and long-term periods.
Profitability
The profitability of Mahindra & Mahindra Financial Services Ltd demonstrated a significant improvement in Q3FY25. The profit before tax (PBT) for this quarter stood at ₹1,217.10 crores, marking a substantial QoQ growth of 139.3% from ₹508.57 crores in Q2FY25. On a YoY basis, PBT increased by 49.6% from ₹813.63 crores in Q3FY24. After accounting for taxes, the profit after tax (PAT) for Q3FY25 was ₹917.64 crores, reflecting a QoQ rise of 135.3% from ₹390.03 crores and a YoY increase of 47.3% from ₹622.95 crores. The company's earnings per share (EPS) also followed this upward trajectory, reaching ₹7.40 in Q3FY25 from ₹3.10 in Q2FY25, and up from ₹5.00 in Q3FY24, representing QoQ growth of 138.7% and a YoY increase of 48.0%.
Operating Metrics
The total expenses for Mahindra & Mahindra Financial Services Ltd in Q3FY25 were ₹3,486.42 crores, which signifies a QoQ rise of 7.9% from ₹3,232.54 crores in Q2FY25, and a YoY increase of 17.1% from ₹2,976.52 crores in Q3FY24. The tax expense for the quarter was reported at ₹315.37 crores, showing a QoQ growth of 137.2% from ₹132.93 crores and a YoY increase of 55.0% from ₹203.43 crores. These metrics reflect the company's operational scale and the impact of its financial strategies over the respective periods. The company's ability to maintain profitability amid rising expenses is a key aspect of its operational performance during the quarter.
