Mahindra & Mahindra Financial Services Limited (NSE: M&MFIN)

NSE: M&MFIN Income Statement

Financials in millions INR. Fiscal year is April - March.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Interest and Dividend Income	155,357	144,123	120,295	108,581	117,039	114,848
Total Interest Expense	76,539	69,317	50,862	43,736	50,675	54,726
Net Interest Income	78,819	74,807	69,433	64,845	66,364	60,122
Commissions and Fees	3,221	1,843	1,806	1,099	755.9	1,041
Gain (Loss) on Sale of Investments	51.5	51.5	349.1	795.1	1,068	790.1
Other Revenue	14,342	13,616	5,841	3,514	2,838	3,279
Revenue Before Loan Losses	96,433	90,317	77,429	70,253	71,026	65,232
Provision for Loan Losses	20,102	19,567	11,832	26,892	39,997	23,204
Revenue	76,331	70,750	65,597	43,362	31,029	42,027
Revenue Growth (YoY)	13.30%	7.86%	51.28%	39.74%	-26.17%	-30.51%
Salaries & Employee Benefits	22,767	22,614	21,153	16,131	13,840	16,098
Cost of Services Provided	10,522	9,413	3,490	1,973	1,392	1,982
Other Operating Expenses	11,714	10,732	10,569	8,903	7,646	6,939
Total Operating Expenses	47,962	45,508	37,471	28,405	24,382	26,488
Operating Income	28,369	25,241	28,126	14,956	6,647	15,540
Earnings From Equity Investments	616.5	561.1	433.2	450.2	395.4	459
EBT Excluding Unusual Items	28,986	25,802	28,559	15,407	7,042	15,999
Gain (Loss) on Sale of Investments	9.8	9.8	6.4	-12.1	9.6	14.6
Other Unusual Items	-	-	-560.6	205.7	2,285	-
Pretax Income	29,065	25,882	28,038	15,494	9,341	16,020
Income Tax Expense	7,259	6,451	7,326	3,991	1,539	5,162
Earnings From Continuing Ops.	21,806	19,431	20,712	11,503	7,803	10,858
Minority Interest in Earnings	-6.4	-103.6	12	-134.7	-70.7	-106.7
Net Income	21,800	19,327	20,724	11,369	7,732	10,752
Net Income to Common	21,800	19,327	20,724	11,369	7,732	10,752
Net Income Growth	9.96%	-6.74%	82.29%	47.03%	-28.08%	-41.16%
Shares Outstanding (Basic)	1,234	1,234	1,233	1,232	1,106	615
Shares Outstanding (Diluted)	1,235	1,235	1,234	1,234	1,108	616
Shares Change (YoY)	0.01%	0.02%	0.05%	11.32%	79.81%	0.07%
EPS (Basic)	17.66	15.66	16.81	9.23	6.99	17.48
EPS (Diluted)	17.65	15.65	16.79	9.21	6.98	17.44
EPS Growth	9.91%	-6.79%	82.30%	31.95%	-59.98%	-41.21%
Free Cash Flow	-	-187,719	-178,086	-2,826	57,804	-32,335
Free Cash Flow Per Share	-	-152.05	-144.27	-2.29	52.16	-52.46
Dividend Per Share	6.300	6.300	6.000	3.600	0.800	-
Dividend Growth	5.00%	5.00%	66.67%	350.00%	-	-
Operating Margin	37.17%	35.68%	42.88%	34.49%	21.42%	36.98%
Profit Margin	28.56%	27.32%	31.59%	26.22%	24.92%	25.58%
Free Cash Flow Margin	-	-265.33%	-271.49%	-6.52%	186.29%	-76.94%
Effective Tax Rate	24.98%	24.93%	26.13%	25.76%	16.47%	32.22%
Revenue as Reported	173,041	159,703	128,324	114,005	121,705	119,965

Source: S&P Capital IQ. Financial Services template. Financial Sources.