Mahindra Finance Q1 PAT rises by 34 per cent

Mahindra Finance Q1 PAT rises by 34 per cent

Mumbai, Mahindra & Mahindra Financial Services Limited (Mahindra Finance) has reported a rise of 34 percent in PAT for the quarter ended June 30, 2018 at Rs 269 Crore as against Rs.201 Crores during the corresponding quarter last year.

The total income increased by 29 per cent to Rs 1940 crores during the quarter ended June 30, 2018, as against Rs 1509 Crores in the corresponding period last year, a company statement said. During the quarter ended June 30, 2018, the Company's customer base has crossed 5.5 million. The Total Assets Under Management (AUM) stood at Rs 58,711 crores as on June 30, 2018, as against Rs 48,468 crores as on June 30, 2017, registering a growth of 21 per cent.

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