Mahindra finance’s profit up by 20 percent

July 23rd, 2008 - 8:45 pm ICT by IANS  

Mumbai, July 23 (IANS) Mahindra & Mahindra Finance Services Ltd (MMFS) Wednesday announced a profit after tax of $6.69 million during the first quarter of 2008-09 compared to $5.36 million over the coresponding period last year, a growth of 20 percent. The total revenue of the company surged by 24.8 percent to $74.85 million during the period under review from $62.4 million of the year-ago quarter.

MMFS, part of the $6.7 billion Mahindra Group, is focusing on rural and semi-urban areas for its operations.

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