Shares of Mahindra & Mahindra (M&M) Financial Services gained 10 per cent at Rs 197.50 on the BSE in Tuesday’s intra-day trades on improvement in asset quality with stage 2/3 assets seeing a sequential improvement of 170bp/100bp in September quarter. The company maintained a comfortable liquidity position of over three months.
As on September 30, 2022 (Q2FY23), the company expects its Gross Stage 3 to be around 7 per cent (compared to 8 per cent as of June 30, 2022) and Gross Stage 2 to be around 10 per cent (compared to 11.7 per cent as of Q1FY23), M&M Financial Services said in pre-quarterly release.
In September 2022, aided by macro tailwinds, the business continued its momentum with
First Published: Oct 04 2022 | 09:51 AM IST
 "Mahindra Finance")
