Tag: disbursements

Mahindra & Mahindra (M&M) Financial Services' share price touched a fresh 52-week high of Rs 243.60 apiece, after surging by around 6.5 percent on the BSE intraday during Monday’s trading session after the company announced it recorded a disbursement of approximately Rs 4,500 crore in November 2022, delivering a 75 percent year on year (YoY) growth, on the backdrop of positive macro environment. The stock of M&M Group’s financial arm breached its earlier high of Rs 235, hit on September 15, 2022. The financial company's year-to-date (YTD) disbursement stood at approximately Rs 31,050 crore, registering a YoY growth of 99 percent. Healthy disbursement trends have led to a strong gross asset book of approximately Rs 76,300 crore, growing around 3.4 percent over September 2022. . This has resulted in a growth of 17.5% versus March 2022. Read more

Shares of Mahindra & Mahindra Financial Services (MMFSL) hit a 52-week high of Rs 216.75 on the BSE, gaining 4 percent in Monday's intra-day trade after the company recorded a 75 percent on-year growth in disbursements in August, In an exchange filing last week, the company mentioned that it disbursed Rs 3,740 crore in August. However, on a sequential basis, the number is down 4.4 percent. The number is also lower than the disbursals made in July Rs 3,912 crore and June Rs 3,750 crore."The year-to-date (YTD) disbursement is at approximately Rs 17,150 crore and registered a YoY growth of 104 percent. This has resulted in YoY growth of around 12 percent and sequential month-on-month growth of around 3 percent in gross business assets," MMFSL said in the August month business update.The Collection Efficiency during the month of August remained stable at 96 percent, compared to 97 percent in August 2021.The figure has oscillated between the 95-97 percent mark over the last four months Read more