Mahindra & Mahindra Financial Services Ltd, which operates mainly in rural and semi-urban areas, said its consolidated income in the first half grew 17% to Rs 638.05 crore as compared to Rs 546.63 crore during the first half of the previous year. Profit before tax (PBT) grew 8% for the first half at Rs 100.32 crore against Rs 93.30 crore in the same period of the previous year. Profit after tax (PAT) for the first half of 2008-09 stood at Rs 64.13 crore, up by 5% from Rs 61.10 crore in the same period of the previous year.
During the second quarter, the company?s income was at Rs 331.05 crore as against Rs 290.07 crore for same period last year. PBT was at Rs 55.82 crore as compared to Rs.59.93 crore for the corresponding period in the previous year. PAT stood at Rs 35.82 crore as against Rs 38.98 crore in the previous year.
