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Mahindra Finance Q3 disbursements rise 7%, business assets climb 18%

The article from CNBC TV18 discusses Mahindra & Mahindra Financial Services' performance in the third quarter. The company reported a 7% increase in disbursements, reaching Rs 12,346 crore, and a significant 18% rise in business assets, totaling Rs 82,770 crore. This growth was driven by a 23% increase in disbursements in the tractor and ancillary segment, and a 13% rise in the pre-owned vehicle segment. However, the car and utility vehicle segment saw a slight decrease of 2% in disbursements. The company also noted a 27% year-on-year increase in its collection efficiency, which stood at 95% for the quarter. Despite these positive developments, the stock price of Mahindra Financial Services experienced a decline of over 2% on the day of the report.

Read the Full cnbctv18 Article at:
[ https://www.cnbctv18.com/market/stocks/mahindra-financial-services-share-price-q3-disbursements-rise-7-pc-business-assets-climb-18-pc-19534258.htm ]