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Volatility Riddled Mahindra Finance Tries To Turn The Corner
Mahindra Finance had a tough FY21 with the pandemic and supply-side troubles at M&M playing a role. Is a turnaround in sight?
28 Apr 2021, 11:31 AM IST
From a Covid-ravaged economy to a parent struggling with supply disruptions, many things that could go wrong for Mahindra & Mahindra Financial Services Ltd. in FY21 did go wrong. The lender capped a volatile year with a weak set of fourth-quarter earnings and while it hopes for a quick turnaround, analysts remain sceptical.For the full year, Mahindra Finance reported a 63% drop in profit after tax, while for the fourth-quarter profit...
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