Buy Mahindra & Mahindra Financial Services, target price Rs 355: Motilal Oswal

Motilal Oswal has buy call on Mahindra & Mahindra Financial Services with a target price of Rs 355. The current market price of Mahindra & Mahindra Financial Services Ltd. is Rs 297.

Mahindra & Mahindra Financial Services Ltd., incorporated in the year 1991, is a Large Cap company (having a market cap of Rs 36936.17 Crore) operating in NBFC sector.

Mahindra & Mahindra Financial Services Ltd. key Products/Revenue Segments include Interest, Fees & Commission Income, Rental Income, Income From Sale Of Share & Securities for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 4332.94 Crore, up 4.74 % from last quarter Total Income of Rs 4137.00 Crore and up 22.53 % from last year same quarter Total Income of Rs 3536.35 Crore. Company reported net profit after tax of Rs 655.20 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 52.16 per cent stake in the company as of 31-Mar-2024, while FIIs owned 11.95 per cent, DIIs 18.72 per cent.