Asset quality worries come back to haunt M&M Financial investors

Although provisioning costs more than double, NPA levels may remain high until loan growth recovers

The subjects
M&M

When a company has consistently increased its bottom line quarter after quarter for almost two years and has worked just as hard to control nonperforming assets (NPAs or bad debts), even the failure of a quarter could significantly influence sentiment. , especially when the general mood is low. This is exactly what happened with Mahindra and Mahindra Financial Services (M&M Finance).

The stock fell more than 10% on Wednesday, reacting to June quarter (Q1) results that fell short of expectations. However, since M&M Finance is often viewed as an indicator of rural demand, …

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First published: Wed 24 July 2019. 19:11 IST


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