Shares of Mahindra & Mahindra Financial Services plunged as much as 10% to their day’s low of Rs 368 on the BSE on Thursday despite strong Q2 earnings. The company reported a 55% year-on-year rise in consolidated net profit to Rs 882 crore for the second quarter of FY27, helped by higher business volumes and lower credit costs. In the same quarter last year, the company’s net profit came in at Rs 569 crore
Revenue from operations rose 15% to Rs 5,164 crore. Net interest income increased 17% to Rs 2,822 crore. On a consolidated basis, net profit rose 61% to Rs 911 crore and consolidated total assets grew 21% to Rs 1.80 lakh crore.
