Mahindra Finance - Credit Cost to Normalize in H2; Reiterate BUY
Driven by the surge in credit cost (Q2: Rs7.0bn vs our estimate of Rs5.0bn and Q1: Rs4.5bn), MMFS reported weaker profitability in Q2FY25, with PAT at Rs3.7bn logging significantly below our estimate
What is covered in the Full Insight:
- Introduction
- Financial Performance Review
- Analysis of Credit Costs
- Future Outlook and Strategy
- Conclusion and Recommendation
SUMMARY
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Full Insight
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