Mahindra Finance shares jump 7% after Q4 results. Here’s where brokerages see the stock headed
Mahindra & Mahindra Finance’s standalone net profit for Q4 FY22 rose 14% YoY to ₹684 crore, with net interest income standing at ₹1,723 crore, up 13% YoY. Total income rose 24% YoY to ₹3,057 crore for the reporting period, with disbursement for the quarter at ₹13,778 crore, up 50% YoY. Capital adequacy was 22.5%. Analysts at YES Securities and Motilal Oswal have reiterated ‘buy’ ratings on the stock.
