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Motilal Oswal: M&M Financial’s Lower Provisioning Leads To Big PAT Beat; Book Largely Flat

While Mahindra Finance’s operating profit was largely in line with the estimates, lower provisions meant higher profit after tax.

A customer holds Indian rupee notes at a store in Mumbai, India. (Photographer Dhiraj Singh/Bloomberg)
A customer holds Indian rupee notes at a store in Mumbai, India. (Photographer Dhiraj Singh/Bloomberg)
BQ Blue’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 BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
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