MAHINDRA Q1
Impact of Mahindra Finance
Mahindra Finance’s results in Q1 FY22 showed a very high provision driven by GNPA, which was fully reversed over the subsequent 3 quarters. As this has a material impact, the y-o-y comparison excl Mahindra Finance is:
PAT (before EI) excl MMFSL up 59%
PAT (after EI) excl MMFSL up 66%