Mahindra & Mahindra Financial net up 22% at Rs 235 cr

Company reported profit of Rs 192.97 crore during the same quarter of the previous fiscal

Mahindra & Mahindra Financial Services on Monday reported a 22 per cent rise in consolidated net profit for the quarter ended September of 2013-14 at Rs 235.32 crore. The company had reported profit of Rs 192.97 crore during the corresponding quarter (July-September) of the previous financial year.

Total income from operations stood at Rs 1,285.79 crore during the quarter, up from Rs 969.57 crore a year ago, the company said in a filing to BSE.

On a standalone basis, the company's net profit stood at Rs 221.16 crore, up from Rs 187.61 crore a year ago. Income on a standalone basis during the July-September period stood at Rs 1,203.14 crore, up from Rs 915.67 crore in the same quarter of 2012-13.

Shares of the company closed at Rs 279.50 apiece on BSE, up 2.68 per cent from the previous close.