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M&M Fin Q2 profit dips 9 per cent

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BS Reporter Mumbai

Mahindra & Mahindra (M&M) Financial Services on Monday said its consolidated net profit for the second quarter declined by 8.61 per cent at Rs 35.62 crore from the numbers in the corresponding period a year ago.

The firm had a net profit of Rs 38.98 crore in the second quarter of FY08, the company said in a filing to BSE.

Total income rose to Rs 331.05 crore in the quarter under review from Rs 290.07 crore in the same period last year.

On a standalone basis, the firm registered a net profit of Rs 35.22 crore, a 9.01 per cent dip over the corresponding numbers a year ago.

 

The company’s standalone income rose to Rs 327.58 crore in the September quarter from Rs 207.57 crore in the same period last year.

M&M Financial Services closed at Rs 190, down 3.06 per cent on BSE.

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First Published: Oct 28 2008 | 12:00 AM IST

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