Mahindra and Mahindra Finance reported a huge profit in Quarter 3

Mahindra and Mahindra Finance famously known as M&M financial services registered a staggering net profit of 894 crores on Wednesday for the third quarter of their fiscal year. This shows the strong recovery of the finance company as it reported a loss of 294 crores for the same quarter in the previous year. This net profit amounts to 14% of their increase in revenue. A slight increase in the share price of M&M Finance was also noticed after declaring quarter 3 results by the company’s officials closing at 168.20 rupees at the National Stock Exchange. Overwhelmed by the amazing results the company stated that it aims to register progressive growth and achieve its target in the coming months.