Mahindra Finance’s Q2 net profit increases 36% to Rs 390 crore

Mahindra Finance’s Q2 net profit increases 36% to Rs 390 crore

Mahindra Finance’s consolidated net profit for the September quarter increased by 36 percent year-over-year to Rs 390 crore. On a standalone basis, profit rose by 57 percent. Core net interest income grew 19 percent while vehicle finance slowed. Subsidiaries saw mixed performance, with some reporting declines in net profit.