Monthly Update2 Apr 2024, 07:42 pm
Mahindra & Mahindra Financial Services Ltd: Disbursements Reach Rs. 6,100 crores in March 2024, Assets Grow by 24% Y-o-Y
AI Summary
Mahindra & Mahindra Financial Services Ltd reported strong disbursement figures for March 2024, with an estimated Rs. 6,100 crores, marking a 9% growth over the previous year. The Q4 FY24 disbursements amounted to Rs. 15,300 crores, reflecting an 11% Y-o-Y growth. For the full year 2023-24, disbursements reached Rs. 56,200 crores, representing a 13% Y-o-Y growth. These healthy disbursement trends led to Business Assets of approximately Rs. 1,02,400 crores as at March 31, 2024, a significant increase of 24% over March 31, 2023 and 6% over December 31, 2023.
Key Highlights
- Disbursements in March 2024 estimated at Rs. 6,100 crores, up 9% from previous year
- Q4 FY24 disbursements reached Rs. 15,300 crores, up 11% Y-o-Y
- Business Assets grew to around Rs. 1,02,400 crores by March 31, 2024, increasing 24% Y-o-Y
- Collection Efficiency for March 2024 was at 101% (vs. 105% in March 2023)