|Particulars||Sep-20 Quarter||Growth (yoy)||Growth (qoq)|
|Key Ratios||Sep-20 Quarter||Sep-19 Quarter||Jun-20 Quarter|
|Net Profit Margin||11.61%||9.05%||14.14%|
Key takeaways from the Sep-20 quarter results
- Being predominantly rural based, M&M Finance did not see too much of an impact due to COVID. In fact, the COVID profits were higher but that was more due to the exceptional profit of Rs.228 crore booked from the sale of stake in the AMC to Manulife.
- As of Sep-20, M&M Finance had a debt equity ratio of 4.05:1 which is reasonable for a company that is in the business of financing. During the first half of the current fiscal year FY21, the total assets under management or AUM crossed Rs81,500cr.
- During the quarter, M&M Finance crossed 6.9 million customers with a major portion of their demand book being contingent on the agricultural sector. In the overall GDP, only agricultural showed strong positive growth in the last 2 quarters.