Mahindra Finance Q4FY19 results

Jaipur, April 25, 2019: The Board of Directors of Mahindra & Mahindra Financial Services Limited (Mahindra Finance), a leading provider of financial services in the rural and semi-urban markets announced today the audited financial results for the fourth quarter and year ended March 31, 2019.
In line with direction from Ministry of Corporate Affairs, the Company has adopted Indian Accounting Standards (Ind AS) with effect from April 1, 2018. Results for the fourth quarter and year ended March 31, 2019, are prepared and reported in compliance with Ind AS requirements. The comparative figures for the same period previous year has also been restated as per Ind AS.
F-2019 YTD Standalone Results
The Total Income increased by 32% at Rs.8,810 Crores during the year ended March 31, 2019, as against Rs.6685 Crores in the corresponding period last year. The Profit After Tax (PAT) stood at Rs.1,557 Crores during the year ended March 31, 2019, as against Rs.1,076 Crores during the corresponding period last year, registered a growth of 45% over the same period previous year. The PAT for the year ended March 31,2018 included an exceptional item on account of profit on sale of shares in the subsidiary company, Mahindra Insurance Brokers Ltd. of Rs.50 Crores (Post Tax). The PAT without considering the exceptional item registered a growth of 52% over the same period previous year.
F-2019 Q4 Standalone Results
The Total Income increased by 37% at Rs.2,480 Crores during the quarter ended March 31, 2019, as against Rs.1,808 Crores in the corresponding period last year. The Profit After Tax (PAT) stood at Rs.588 Crores during the quarter ended March 31, 2019, as against Rs.314 Crores during the corresponding period last year, registered a growth of 87% over the same period previous year.
F-2019 YTD Consolidated Results
The Total Income increased by 32% at Rs.10,431 Crores during the year ended March 31, 2019, as against Rs.7,912 Crores in the corresponding period last year. The Profit After Tax (PAT) stood at Rs.1,867 Crores during the year ended March 31, 2019, as against Rs.1,216 Crores during the corresponding period last year, registered a growth of 54% over the same period previous year