MAHINDRA & MAHINDRA FIN. SERVICES LTD. 
By Mumbai, January 18, 2013: The Board of Directors of Mahindra & Mahindra Financial Services Limited (Mahindra Finance / MMFSL), a leading provider of financial services in the rural and semi-urban markets, announced today, the unaudited financial results for the quarter ended 31st December 2012.
F-2013 Q3 Consolidated Results
The Total Income increased by 38% at Rs.1062 crores during the quarter ended 31st December 2012 as against Rs.771 Crores in the corresponding period last year. The Profit After Tax (PAT) was at Rs.216 Crores during the quarter ended 31st December 2012 registering a growth of 36% as compared to Rs.159 Crores during the corresponding period last year.
F-2013 YTD Dec'12 Consolidated Results
The Total Income increased by 45% at Rs.2924 crores during the quarter ended 31st December 2012 as against Rs.2018 Crores in the corresponding period last year. The Profit After Tax (PAT) was at Rs.581 Crores during the quarter ended 31st December 2012 registering a growth of 45% as compared to Rs.401 Crores during the corresponding period last year.
F-2013 Q3 Standalone Results
The Total Income increased by 35% at Rs.1001 Crores during the quarter ended 31st December 2012 as against Rs.741 Crores in the corresponding period last year. The Profit After Tax (PAT) was at Rs.200 Crores during the quarter ended 31st December 2012 registering a growth of 29% as compared to Rs.155 Crores during the corresponding period last year.
F-2013 YTD Dec'12 Standalone Results
The Total Income increased by 42% at Rs.2769 Crores during the quarter ended 31st December 2012 as against Rs.1948 Crores in the corresponding period last year. The Profit After Tax (PAT) was at Rs.549 Crores during the quarter ended 31st December 2012 registering a growth of 40% as compared to Rs.392 Crores during the corresponding period last year.
Operations
MMFSL, during the nine month period ended 31st December 2012, registered a disbursement growth of 21% against the corresponding period last year, maintaining its leadership position for vehicles and tractors in the rural and semi urban markets.
The Company maintained healthy growth of business and profits despite slowdown in auto and tractor industry growth and continuing high cost of borrowings.
MMFSL currently has a network of 639 offices and Total Assets Under Management of Rs.25645
The Company continued to broad base its consortium of lenders by bringing in new Banks, Mutual
Funds, Insurance Companies and Trusts.
SUBSIDIARIES
Mahindra Insurance Brokers Limited (MIBL)
During the quarter ended 31st December 2012, MIBL registered income at Rs.23.0 Crores as against Rs.9.8 Crores, registering a growth of 135% over the same period previous year. The Profit After Tax (PAT) registered was Rs.9.7 Crores as against Rs.2.0 Crores, registering a growth of 385% over the same period previous year.
During the nine months period ended 31st December 2012, MIBL registered income at Rs.60.7 Crores as against Rs.25.9 Crores, registering a growth of 134% over the same period previous year. The Profit After Tax (PAT) registered was Rs.23.7 Crores as against Rs.4.6 Crores, registering a growth of 415% over the same period previous year.
Mahindra Rural Housing Finance Limited (MRHFL)
During the quarter ended 31st December 2012, MRHFL disbursed Rs. 104.3 Crores as against Rs.59.4 Crores during the same period previous year, registering a growth of 76% over the same period previous year. The Profit After Tax (PAT) registered a growth of 80% at Rs. 5.4 Crores as against Rs. 3.0 Crores registered for the same period previous year.
During the nine months period ended 31st December 2012, MRHFL disbursed Rs. 281.2 Crores as against Rs. 180.8 Crores during the same period previous year, registering a growth of 56% over the same period previous year. The Profit After Tax (PAT) registered a growth of 73% at Rs. 11.6 Crores as against Rs. 6.7 Crores registered for the same period previous year.
During the year, the Company's customer base has crossed the 1 lakh mark in the month of December
2012.
About Mahindra & Mahindra Financial Services Limited
Mahindra & Mahindra Financial Services Limited (MMFSL), part of the US $15.9 billion Mahindra Group, is one of India's leading non-banking finance companies with a pan India presence. Focused on the rural and semi-urban sector, it provides finance for vehicles and tractors and has the largest network of branches amongst NBFC's operating in these areas.
Mahindra Insurance Brokers Limited (MIBL) is a wholly-owned subsidiary company of Mahindra & Mahindra Financial Services Limited MIBL is a licensed Composite Broker providing Direct and Reinsurance broking services.
Mahindra Rural Housing Finance Limited (MRHFL) a subsidiary of MMFSL provides loans for purchase, renovation, construction of houses to individuals in the rural areas of the country.
For further information please contact:Ms Roma Balwani
Senior Vice President - Group Communications, Mahindra & Mahindra Ltd.
Phone : +91 22 2490 1441
Email: balwani.roma@mahindra.com
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