1. M&M Financial Services shares fall over 8% on posting 38% fall in net profit

M&M Financial Services shares fall over 8% on posting 38% fall in net profit

Mahindra & Mahindra Financial Services shares fell over 8 per cent after the company reported 38 per cent fall in its consolidated net profit figures to Rs 96.43 crore against Rs 156.78 crore in the corresponding quarter a year ago.

By: | New Delhi | Updated: January 21, 2016 3:07 PM
M&M Financial Services shares, Sensex, BSE, NSE, Nifty, Nifty below 7300

Mahindra & Mahindra Financial Services shares fell over 8 per cent after the company reported 38 per cent fall in its consolidated net profit figures to Rs 96.43 crore against Rs 156.78 crore in the corresponding quarter a year ago. (Reuters)

Mahindra & Mahindra Financial Services shares fell over 8 per cent after the company reported 38 per cent fall in its consolidated net profit figures to Rs 96.43 crore against Rs 156.78 crore in the corresponding quarter a year ago.

At 2.49 pm, Mahindra & Mahindra Financial Services shares were trading 8.70 per cent down at Rs 200.85. The scrip opened at Rs 218.75 and had touched a high and low of Rs 221.50 and Rs 199.05, respectively, in trade so far. Sensex was down 86 points at 23,975.21

The company’s consolidated total income from operation increased 4.75 per cent year on year to Rs 1,583.69 crore.

In the past one year, the share price of Mahindra and Mahindra Financial Services slid 20.37 per cent to Rs 220 on January 20. Sensex fell 16 per cent during the same period.

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