Mahindra & Mahindra Financial Services (M&M Finance) has reported results for second quarter ended September 30, 2016.

The company has reported 35.13% fall in its net profit at Rs 94.82 crore for the quarter under review as compared to Rs 146.18 crore for the same quarter in the previous year. However, total income of the company increased by 5.38% at Rs 1515.68 crore for the quarter under review as compared Rs 1438.31 crore for the corresponding quarter previous year. 

On the consolidated basis, the company has reported 27.41% fall in its net profit after tax and Minority Interest of Rs 114.05 crore for the quarter ended September 30, 2016 as compared to Rs 157.11 crore for the same quarter in the previous year. However, total income of the company increased by 9.70% at Rs 1741.26 crore for quarter under review as compared to Rs 1587.34 crore for the quarter ended September 30, 2015.