The company announced the results after market hours on Monday, 23 April 2012.

Meanwhile, the BSE Sensex was up 59.15 points or 0.35% to 17,155.83.

On BSE, 29,000 shares were traded in the counter as against average daily volume of 25,441 shares in the past one quarter.

The stock hit a high of Rs 698 and a low of Rs 677 so far during the day. The stock had hit a 52-week high of Rs 813.95 on 25 April 2011. The stock had hit a 52-week low of Rs 590 on 23 August 2011.

The stock had outperformed the market over the past one month 23 April 2012, falling 1.42% compared with the Sensex's 1.53% fall. The scrip had, however, underperformed the market in past one quarter, rising 0.5% as against Sensex's 2.06% gain.

The company has an equity capital of Rs 104 crore. Face value per share is Rs 10.

Mahindra & Mahindra Financial Services' (MMFSL) consolidated net profit rose 30.6% to Rs 643.50 crore on 42.8% growth in total income to Rs 2910.36 crore for the year ended 31 March 2012 over the year ended 31 March 2011.

During FY 2012, MMFSL registered a disbursement growth of 35%, maintaining its leadership position for vehicles and tractors in the rural and semi urban markets, the company said. The company has significantly improved its performance as a car and utility vehicle financier. It has also made a significant growth in financing of heavy commercial vehicles and construction equipment, MMFSL said in a statement.

During the year, the company's customer base has crossed the 2 million mark in the month of March 2012. The last 1 million customers were added in less than 3 years compared to the 13 years it took to achieve the first million customers, MMFSL said.

The company maintained healthy growth in its profits in spite of increased borrowing cost, mainly by efficient NPA management, MMFSL said.

MMFSL currently has a network of 607 offices and total assets under management of Rs 20643 crore as on 31 March 2012. The company continued to broad base its consortium of lenders by bringing in new banks, mutual funds, insurance companies and trusts, MMFSL said in a statement.

MMFSL's board of directors at a meeting held on Monday, 23 April 2012, approved the increase in the borrowing limit from Rs 20000 crore to Rs 30000 crore, in order to further expand the company's business and to meet its increased financial needs. The board also recommended a dividend of Rs 14 per share for the year ended 31 March 2012.

Mahindra & Mahindra Financial Services (MMFSL), part of the $14.4 billion Mahindra Group, is one of India's leading non-banking finance companies (NBFC) with a pan India presence. Focused on the rural and semi-urban sector, it provides finance for vehicles and tractors. It has a network of 607 offices.