Mahindra Finance Q3 Review - Results Strong On Growth, Asset Quality; Margins Stable: Systematix

"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..Systematix Research Report.Mahindra and Mahindra Financial Services Ltd. reported healthy operating performance for Q3 FY23 (marginally ahead of estimates) on the back of continued traction in assets under management growth (21% YoY) and stable net interest margins at 8.2%. Mahindra Finance's disbursement growth was strong at 22% QoQ, with growth across all vehicle categories viz auto/ utility vehicle, cars, tractors, commercial vehicles, pre owned vehicles. Asset quality continue to improve as stressed asset pool further declined by 211 basis points to 14.3% on the back of strong collection efficiency and higher write offs (Rs 5 billion). We remain positive on- continued growth momentum across all vehicles categories,scaling up of new business segments, stable net interest margins, andimproving asset quality. We have revised our earnings estimates upwards by 29%/ 10% for FY23/24 as we factor into higher spreads and lower credit cost. As a result, the return on equity profile improves to 13%/15% for FY24/25..Click on the attachment to read the full report:.Shriram Finance Q3 Results Review - Merged Entity On An Even Stronger Footing: Motilal Oswal.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."

Mahindra Finance Q3 Review - Results Strong On Growth, Asset Quality; Margins Stable: Systematix

Mahindra Finance's disbursement growth was strong at 22% QoQ, with growth across all vehicle categories.

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Mahindra Finance Q3 Review - Results Strong On Growth, Asset Quality; Margins Stable: Systematix

Mahindra Finance's disbursement growth was strong at 22% QoQ, with growth across all vehicle categories.

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