Mahindra & Mahindra Financial Services Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 255.9 million compared to INR 223.6 million a year ago. Revenue was INR 38,634.7 million compared to INR 30,292.8 million a year ago. Net income was INR 2,810.9 million compared to INR 4,903.8 million a year ago. Basic earnings per share from continuing operations was INR 2.28 compared to INR 3.98 a year ago. Diluted earnings per share from continuing operations was INR 2.27 compared to INR 3.97 a year ago.
For the six months, sales was INR 503.8 million compared to INR 368.6 million a year ago. Revenue was INR 75,003.8 million compared to INR 59,432.3 million a year ago. Net income was INR 6,397.8 million compared to INR 7,296.4 million a year ago. Basic earnings per share from continuing operations was INR 5.19 compared to INR 5.92 a year ago. Diluted earnings per share from continuing operations was INR 5.18 compared to INR 5.91 a year ago.