Mahindra & Mahindra Financial Services Ltd. -S | CMP Rs. 341 | M Cap Rs. 21087 Cr | 52 W H/L 481/285
(Nirmal Bang Retail Research)
Result is broadly in-line with expectations
Lower PAT is due to higher Deferred Tax
NII came at Rs. 1238.5 Cr vs expectation of Rs. 1316.8 Cr, YoY Rs. 1166.6 Cr, QoQ Rs. 1238.3 Cr
PBP came at Rs. 819 Cr vs expectation of Rs. 787.4 Cr, YoY Rs. 786.9 Cr, QoQ Rs. 724.3 Cr
Provision came at Rs. 360.6 Cr vs expectation of Rs. 254.7 Cr, YoY Rs. 231.1 Cr, QoQ Rs. 619.6 Cr
PAT (After MI) came at Rs. 251.8 Cr vs expectation of Rs. 311.4 Cr, YoY Rs. 381.4 Cr, QoQ Rs. 68.4 Cr
O/s Loan Book came at Rs. 72732 Cr vs YoY Rs. 59473 Cr, QoQ Rs. 71406 Cr
Disbursements came at Rs. 9747 Cr vs YoY Rs. 10855.3 Cr, QoQ Rs. 10598 Cr
Gross NPA (%) came at 7.2% vs QoQ 7.4%
Net NPA (%) came at 5.8% vs QoQ 5.3%
Quarter EPS is Rs. 4.1
Share is trading at P/E of 14x FY 20E EPS & 1.9x trailing P/BV