Mahindra Finance - Credit Cost to Normalize in H2; Reiterate BUY
Driven by the surge in credit cost (Q2: Rs7.0bn vs our estimate of Rs5.0bn and Q1: Rs4.5bn), MMFS reported weaker profitability in Q2FY25, with PAT...
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Mahindra Finance - Inflection Point Around the Corner; Valuation Palatable; Upgrade to BUY
With Q2FY25 business updates already lowering expectations on growth and the asset quality front, we believe the negativities around growth, asset...
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Mahindra Finance - Satisfactory Performance
Emkay Global Financial's research report onMahindra Finance MMFS reported a satisfactory performance in Q4FY24, against the backdrop of the already...
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Mahindra Finance - Sizable Fraud Detected in Branch in the Northeast
The company estimates that the impact of this fraud is unlikely to exceed Rs1.5bn, which is relatively manageable at ~6% of FY24 PBT
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Mahindra Finance - Treading Towards Normalcy
Mahindra Finance reported PAT of Rs6bn, led by lower provisions. NIMs (calc) declined by 83bps QoQ to 9.8% as the NBFC reversed higher interest...
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