M&M Finance Q1 Review - Mixed Performance, Strong On Business, Not Enthusing On Asset Quality: Yes Securities

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Yes Securities Report.Mahindra and Mahindra Financial Services Ltd. delivered a mixed performance in Q1 FY23 which was strong on disbursements and asset growth but below expectations on operating profits, asset quality and credit cost. Loan originations were higher QoQ at Rs 95 billion, notwithstanding the usual seasonality aided by-strong demand across products,maintenance of leadership position in Mahindra utility vehicle and tractor financing,market share gains in other products (including used vehicles), improving vehicle supply,increased new/used vehicle prices andstrong growth in small and medium enterprise lending (augmented distribution and introduction of loan against property and non-banking financial company loans). Even though collection efficiency on the non-stressed pool was strong, M&M Financial's business assets grew by 4% QoQ..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

M&M Finance Q1 Review - Mixed Performance, Strong On Business, Not Enthusing On Asset Quality: Yes Securities

M&M Finance Q1 Review - Mixed Performance, Strong On Business, Not Enthusing On Asset Quality: Yes Securities

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