Mahindra Finance Q2 PAT up 132% to Rs 3.81 bn, AUM sees 26% y-o-y growth

Gross NPAs have come down from 13.1% in Q2 FY2018 to 9% at the end of Q2 FY2019

Mahindra Finance has posted a net profit growth of 132 per cent to Rs 3.81 billion for the quarter ended September 30, 2018, as against Rs 1.64 billion in net profit during the same period of the previous financial year.  

Total income rose by 39 per cent to Rs 21.5 billion for Q2 FY2019, as against Rs 15.4 billion in the corresponding quarter of FY2018. 

The total assets under management (AUM) for Mahindra Finance stood at Rs 594.7 billion at the end of Q2 FY2019, registering a year-on-year growth of 26 per cent, from Rs 472.1 billion at the end