Mahindra & Mahindra Financial Services reports consolidated net loss of Rs 1573.72 crore in Q1
26th Jul 2021

Mahindra & Mahindra Financial Services has reported results for first quarter ended June 30, 2021.

The company has reported net loss at Rs 1528.76 crore for the quarter under review as compared to net profit at Rs 155.79 crore for the same quarter in the previous year. Total income of the company decreased by 17.62% at Rs 2187.06 crore for Q1FY22 as compared Rs 2654.95 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported net loss attributed to the owners at Rs 1573.72 crore for the quarter under review as compared to net profit at Rs 431.72 crore for the same quarter in the previous year. Total income of the company decreased by 16.35% at Rs 2566.84 crore for Q1FY22 as compared Rs 3068.68 crore for the corresponding quarter previous year.